New Delhi, Jan. 9 (Bloomberg) -- Infosys Technologies Ltd., India's fastest-growing company by earnings, said third-quarter profit more than doubled, as it won orders to develop software from old clients such as Cisco Systems Inc. and 26 new customers.
The country's second-biggest software maker by market value, earned 1.66 billion rupees ($36 million), or $0.25 per American depositary receipt, in the three months ended December, from more than 737.9 million rupees, or $0.12 per ADR, a year ago. That's in line with an average profit forecast of 1.68 billion from 15 analysts polled by Bloomberg.
Infosys was shielded from slower growth in the second half in the U.S. as its programmers write code at a much lower cost than rivals worldwide. It also gained as mobile phone companies need software that allow phones to access the Internet.
New York, Jan. 8 (Bloomberg) -- I2 Technologies Inc. and related companies gained in extended trading after the maker of software that helps companies buy and sell goods on the Internet said fourth-quarter results will beat analysts' forecasts.
Shares of the Dallas-based I2 rose 9.7 percent to $46 as about 602,000 shares changed hands after the 4 p.m. close of regular trading. Commerce One Inc., Ariba Inc. and other companies similar to I2 rose after the upbeat forecast.
I2 said it will report fourth-quarter sales of more than $370 million, more than the $342 million expected by analysts, as more companies bought its software programs. Operating income excluding amortization of intangibles and non-recurring charges ''strongly exceeded'' consensus estimates of $51 million, I2 said.
The improved outlook comes after more than 100 technology companies have said fourth-quarter earnings and sales will lag forecasts
A positive earnings forecast from Amazon.com caused the stock to trade heavily in after-hours activity Monday.
The online retailer announced after the markets closed that it expects to post fourth-quarter revenue of more than $960 million--an estimate in-line with Wall Street expectations--and a pro forma operating loss equal to 7 percent of sales
For the same period last year, Amazon generated revenue of $676 million and posted a pro forma operating loss equal to 26 percent of net sales.
"We're pleased that during a period of broad softening in consumer spending, we delivered sales within our guidance, and at the same time met our bottom-line objectives," Warren Jenson, the company's CFO, said in a statement.
In post-market trading, the Seattle-based company's shares edged down 6 cents to $14.88 on a volume of 3.26 million shares, making it the most actively traded stock on the Nasdaq after the markets closed. During regular trading hours, Amazon rose 38 cents to $14.94.
