Worries for Indian IT on Infosys profits

first_img Tags: NULL Worries for Indian IT on Infosys profits Share whatsapp Show Comments ▼ INFOSYS Technologies sparked concerns about the outlook for India’s showpiece outsourcing sector after it missed estimates for profit and future sales growth and warned of sluggish global economic growth.best of the brokersShares in India’s number two software exporter, which boasts fatter profit margins than its rivals, fell 4.2 per cent and were set for their biggest fall in nearly a year and a half.best of the brokersInfosys and its rivals Tata Consultancy and Wipro have been on a hiring spree in recent quarters and have given pay hikes of up to 20 per cent to keep staff, raising hopes of a sharp pickup in outsourcing demand.best of the brokers“We are particularly disappointed by Infosys’ revenue growth forecast and if Tata Consultancy manages to post better results than Infosys, then people will switch over from Infosys because valuations for others look relatively attractive,” said Taina Erajuuri, Helsinki-based portfolio manager at FIM India.best of the brokersFIM India owns shares in Infosys and Tata Consultancy in its portfolio.best of the brokersInfosys, whose sprawling Indian campuses house pizza and Subway outlets and golf courses, was the first to kick off results for the country’s $60bn (£38bn) IT services sector. Thursday 13 January 2011 7:27 pm KCS-content whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wraplast_img read more

The Co-operative Bank of Kenya Limited (COOP.ke) Q22016 Presentation

first_imgThe Co-operative Bank of Kenya Limited (COOP.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2016 presentation results for the second quarter.For more information about The Co-operative Bank of Kenya Limited (COOP.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited (COOP.ke) company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (COOP.ke)  2016 presentation results for the second quarter.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more