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The consolidated net profit for the quarter ending June 30 stood at Rs 693 crore, missing analyst expectations amid challenging macroeconomic conditions and spending cuts by clients.
Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology. The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. CEO Satya Nadella said the company remains focused on “leading the new AI platform shift," though its push to add AI features to its existing products — among them cloud computing services, workplace software and its Bi...
Kotak Mahindra Bank is expected to report strong Q1 FY24 results, with analysts predicting a 18% YoY increase in net interest income and 30% YoY increase in profit after tax. This growth is driven by healthy loan growth, rising interest rates, and lower provisioning requirements.
Carvana continued its recent rally, pressuring short sellers that had been betting on the company's demise earlier this year before a turnaround that has seen the stock gain more than 700% this year.
Carvana stock spikes 40% after company announces debt exchange deal, quarterly results