Information Technology (IT) sector witnessed further deceleration in sales growth (y-o-y) to 3.2 per cent from 5.9 per cent in the previous quarter and 19.4 per cent a year ago. Non-IT services companies remained on high growth trajectory with sales rising 12.9 per cent (y-o-y) in the 2023 December quarter over and above 19.9 per cent growth in the corresponding quarter of last year.
During this winter the number of cancelled ferry sailings operated by the Isle of Man Steam Packet Company have increased for the third consecutive ye...
Experts said the agriculture sector may have also contributed to the slowdown, even as industry and services kept the economy growing. "The agricultural sector is expected to experience a pronounced slowdown due to diminished rainfall activity and subsequent declines in reservoir levels," said Rajani Sinha, chief economist at CareEdge. "After a lower-than-projected kharif output, rabi sowing has exhibited a sluggish trend through most of the season, except for an uptick in the last couple of weeks," Sinha said.
21st Austria weekly - Kapsch TrafficCom Wienerberger 21/02/2024 [pic1]Kapsch TrafficCom: At EUR 400 million revenues of traffic managment company TrafficCom in nine months were 4% below the previous year's figure 414 million. This decline was partly due to a customer credit 6 million first quarter. In third quarter able achieve higher invoiced good project progress which led corresponding cash inflow. However this reduced by 18 Q3 2022/23: +3 million accrued from orders progress past and margin value adjustments. The operating result EBIT increased 10 same period year 70 three quarters financial 2023/24 decisive course for future set Group. Although developments are not yet fully reflected earnings management believes that turning point has been reached should also be earnings liquidity.Kapsch performance: 2.05% Wienerberger:
Apple unveils PQ3, a new encryption protocol for iMessage designed to withstand powerful quantum computers that could break current encryption methods.
Revenue started contracting in 2022 at the end of a boom in demand for PCs and other electronic products brought about by Covid-19. Lenovo then recorded five quarters of revenue decline, with analysts forecasting growth in the sixth.
India Business News: MUMBAI: Mahindra on Wednesday reported a smaller-than-expected 34% increase in consolidated net profit at Rs 2,658 crore for the quarter ended Dec 202.