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Positive Quarterly Results for Taiwan Semiconductor and Infosys

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Infosys shares rose on January 14

On January 14, 2016, India’s (EPI) leading IT giant, Infosys (INFY), announced its fiscal 3Q16 results. It reported revenue of $2.40 billion for the quarter ending on December 31, 2015. It reported an EPS (earnings per share) of $0.23. Its revenue rose by 8.5% YoY (year-over-year) in 3Q16.

Analysts expected Infosys to report revenue of $2.4 billion, net income of $522 million, and an EPS of $0.23 in fiscal 3Q16. Infosys’s share price rose by 9.2% in the early trading hours on January 14, 2015. It rose by 5% on the NSE—India’s stock market exchange.

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Taiwan Semiconductor beat analysts’ estimates

On January 14, 2016, Taiwan Semiconductor (TSM) announced its 4Q15 results. It reported revenue of $6.2 billion—a fall of 8.5% YoY (year-over-year). It reported an EPS of $0.43. It beat analysts’ estimates of $0.40 by $0.03. The firm’s shares rose by 6.5% on the day to $21.82.

SAP announced its preliminary revenue

On January 11, 2016, SAP reported preliminary revenue of 6.4 billion euros. It reported a non-IFRS (International Financial Reporting Standards) operating profit of 2.3 billion euros. SAP’s fiscal 4Q15 results managed to beat analysts’ estimates on both fronts. Analysts expected SAP to report revenue and operating profit of 6.04 billion euros and 2.3 billion euros, respectively. The company didn’t disclose information about the EPS.

Tech firms including Advanced Micro Devices (AMD), IBM (IBM), Netflix (NFLX), Skyworks (SWKS), Verizon (VZ) and SAP will announce their results in the coming week ending January 22, 2016.

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