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Intel: No revenue growth in 2014

2014-01-17 01:59:33| BBC News | Business | UK Edition

The world's biggest computer chip maker, Intel, says it expects no revenue growth in 2014, sending its shares down 5% in after-hours trading.

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Tata posts strong revenue, profit growth as outsourcing market recovers

2014-01-16 20:48:01| IT Services - Topix.net

Tata Consultancy Services reported strong growth in revenue and profit in the fourth quarter, taking advantage of an improvement in key markets for offshore services like the U.S. and Europe.

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Cisco lowers revenue growth outlook

2013-12-13 08:52:00| Telecompaper Headlines

(Telecompaper) Cisco Systems has reduced its mid-term growth forecast to 3-6 percent revenue growth per year, from 5-7 percent previously. The new outlook was given by CFO Frank Calderoni at an investors conference in . The reduced forecast is due to the weaker economic climate, conservative customer budgets and constraints at service providers. At the same time, Cisco continues to see growth in products for the data centre, cloud, mobility and security segments. Growth in these areas will offset expected flat revenues over the next 3-5 years at its core business. In compensation for the weaker revenues, Cisco aims to reduce operating costs as a percentage of sales, to the low 30s from 34 percent last year and 35 percent the previous year. The adjusted operating margin is expected to remain in the high 20s, after a figure of 28 percent the past two years. The company also remains committed to growing cash flow in order to continue its share repurchases. For the current quarter to January, Cisco forecasts revenues down 8-10 percent year-on-year, hurt by the slowdown in emerging markets, product transitions and constricted spending at operators. Over the full year, adjusted EPS is expected little changed, at USD 1.95-2.05 versus USD 2.02 last year.

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Medidata Raises Long-Term Revenue Growth Target to 20-25%

2013-11-22 14:31:22| IT Services - Topix.net

Medidata Solutions , the leading global provider of cloud-based solutions for clinical research in life sciences, provided an update on its long-term financial model.

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