BENGALURU, Jan 24 Reuters India39;s Tech Mahindra posted a 60.6 drop in thirdquarter net profit on Wednesday, missing estimates as clients continued to hold back spending in communications and banking verticals. The fifthlargest Indian IT services company39;s net profit fell to 5.10 billion rupees 61.36 million for the three months ended Dec. 31, 2023, from 12.97 […]

Reuters Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the longrunning royal drama The Crown and David Fincher39;s original film, The Killer. The company reported it added 13.1 million subscribers in the December quarter, its largestever fourthquarter subscriber […]

Reuters German software firm SAP SE unveiled a 2 billion euro 2.17 billion restructuring plan covering 8,000 roles on Tuesday, as it seeks to better focus on growth in artificial intelligence AIdriven business areas. SAP expects generative AI to fundamentally change its business and has pledged to invest more than 1 billion, while opening new tab […]

Reuters Walgreens Boots Alliance is exploring a sale of specialty pharmacy company Shields Health Solutions, Bloomberg News reported on Tuesday, citing people familiar with the matter. The sale could be valued at more than 4 billion, the report added. The U.S. pharmacy chain is working with advisers to assess the level of interest in Shields Health, […]

Cuts operating f39;cast to 180 bln yen from 220 bln yen Q3 operating profit up 91 yy at 53 bln yen TOKYO, Jan 24 Reuters Japanese electric motor maker Nidec Corp slashed its fullyear operating profit forecast by nearly a fifth on Wednesday, warning of uncertainty in demand and intensifying price competition in China39;s electric vehicle […]

Net profit rises to 8.32 bln SEK vs forecast 8.26 bln Bank hikes dividend to 15.15 SEKshare from 9.75 SEK Interest income beats forecast in fourth quarter CEO says NII to be structurally higher than in zerorate era Bank says credit quality remains strong STOCKHOLM, Jan 24 Reuters Swedish banking group Swedbank reported a slightly biggerthanexpected […]