Tag: Net profit
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HCL Technologies Beats Expectations, Analysts Raise Earnings Estimates for FY24-FY26
Analysts raise earnings estimates for HCL Technologies as it reports strong Q3 2024 performance, leading to continued gains for shares.
Byju’s Alpha Secured Creditors Appoint Kroll Executives to Safeguard Assets, India
Get the latest updates on troubled edtech companies, Byju's Alpha and Great Learning, as they appoint Kroll executives to safeguard their assets and address financial challenges.
Cognizant Reports 20% Drop in Q2 Net Profit, Sees Growth in Healthcare and Products & Resources
Cognizant reports 20% drop in net profit & slight revenue decline in Q2 2023, but sees growth in healthcare & products sectors. Read more.
Meituan Profits Increase as Consumer Spending Recovers in Q1
Meituan, the Chinese food delivery and services provider, reported a net profit of RMB 3.36 billion in the first quarter of 2023, boasting a return to profitability. Revenue from local commerce such as food delivery, in-store, hotel, and travel also increased by 25.5%. CEO Wang Xing is credited for driving the success of the company by revolutionizing different businesses and adapting to consumer needs in China.