uploads///part

Positive Quarterly Results for Taiwan Semiconductor and Infosys

By

Jan. 19 2016, Updated 1:42 p.m. ET

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.

Article continues below advertisement

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.

Advertisement

More From Market Realist

  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • Bitski art and logo
    Company & Industry Overviews
    NFT Platform Provider Bitski Isn’t Publicly Traded
  • who are palantir customers
    Company & Industry Overviews
    Palantir Customers Are Large Defense and Commercial Institutions
  • Grain trucks waiting to be loaded and Archer Daniels logo
    Company & Industry Overviews
    Archer Daniels Stock Is a Buy Amid Price Dip and Big Announcement
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.