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HCL Tech shares plunge nearly 9% post earnings announcement

2014-10-17 12:48:46| IT Services - Topix.net

Shares of software services provider HCL Technologies plunged nearly 9 per cent today after the company reported 32.3 per cent rise in consolidated net profit for the first quarter ended September 30, which is below market expectations. HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

Tags: post tech shares announcement

Netflix shares plunge on slow growth

2014-10-16 02:56:36| BBC News | Business | UK Edition

US shares of Netflix, the world's largest video streaming service, plunged on Wednesday after it reported fewer subscribers than forecast.

Tags: growth slow shares plunge

Biz Break: Chip, networking companies push tech stocks to pre-earnings plunge

2014-10-14 05:19:11| Semiconductors - Topix.net

Wall Street completed its worst three-day plunge since 2011 on Monday, as concerns about the chip and networking sectors helped ravage Silicon Valley tech stocks. All the major stock indexes declined more than 1.3 percent Monday, their third straight day of steep drops that has pushed the Standard & Poor's 500 down 4.8 percent, the most for a three-day period since November 2011.

Tags: companies tech break networking