The Indian IT services firm posted a profit of US$324.3 million on broad-based growth. It is forecasting conservative growth of 16.5 percent for 2014, slightly below expectations after increasing signs of an industry rebound.
The Indian IT services firm saw a jump in earnings thanks to one-time gains and on the back of growth in telecom, financial and manufacturing sectors.
As large enterprises move toward Choose Your Own Device (CYOD) policies, the PC giant expects them to favor its wide portfolio's "commonality" and even more so once it becomes more dominant in the smartphone space.
The Taiwanese PC maker appoints its third CEO this year in a bid to revive fortunes following worse than expected Q3 losses announced last month.
The outsourcing giant expects the industry to get a boost from its largest market, the United States, thanks to an improving economy.
The Indian IT services company books a 58 percent jump in net profit at 7.18 billion rupees (US$11 million), in line with growth by the rest of the industry.
India's largest outsourcing company booked a net profit of US$748 million on the back of a 14 percent rise in revenue lifted by the rupee's depreciation. This gives further indication of a U.S. market recovery.
Stephen Elop will take on a new role to lead an expanded Devices team, which will include all of Microsoft's current Devices and Studios work and most of the teams from Nokia.
In first quarterly results since its merger with Mahindra Satyam in June, the Indian outsourcing company saw broad-based growth led by sectors like manufacturing, and media and entertainment.
In order to break its dependence on public sector deals, the outsourcing giant's India business unit will aim for smaller deals and a larger number of clients in the private sector for higher revenue.
