BANGALORE, Aug 27 (Reuters) – IT consulting and
engineering services firm Presidio Inc could go public in the
next 18 months depending on market conditions, but is also
open to a sale of itself, its chief executive said.
Founded in 2003, the Greenbelt, Maryland-based company
deploys and manages technology for customers ranging from
retailers to hospitals by partnering with companies such as
Cisco Systems (CSCO.O: Quote, Profile, Research), EMC (EMC.N: Quote, Profile, Research) and VMware (VMW.N: Quote, Profile, Research).
Presidio can go public as early as January, CEO Joel
Schleicher said, depending on liquidity in the market.
BANGALORE, Aug 26 (Reuters) – Aruba Networks Inc (ARUN.O: Quote, Profile, Research, Stock Buzz)
reported quarterly earnings above Wall Street estimates on
strong revenue growth as it grabbed market share with its
highest-ever quarterly customer additions.
However, concerns of higher expenses to support the
expanding client base could limit future bottom line, say
BANGALORE, Aug 19 (Reuters) – Chipmaker Marvell Technology
Group Ltd (MRVL.O: Quote, Profile, Research, Stock Buzz) forecast strong revenue growth in the third
quarter, despite a tough hard-drive market, as it came out of
an inventory overhang, sending its shares up 11 percent.
The company, whose chips are used in devices from hard
drives to smartphones, more than tripled its second-quarter
earnings, which met Wall Street estimates as strength at its
wireless market offset the recent weakness in the hard-drive
BANGALORE, Aug 13 (Reuters) – Harman International
Industries Inc (HAR.N: Quote, Profile, Research) is aggressively pursuing contracts with
Chinese automakers and speeding up hiring as the audio products
maker targets $1 billion in annual revenue there by 2015.
The company is also talking to top car makers elsewhere in
Asia, Europe and the United States for multi-million dollar
contracts, its chief executive told Reuters in an interview.
BANGALORE, Aug 5 (Reuters) – Low-cost wireless carrier
MetroPCS Communications Inc (PCS.N: Quote, Profile, Research, Stock Buzz) reported a quarterly profit
that beat market estimates, driven by strong growth in new
subscribers and fewer customer dropouts, sending its shares up
The company offers unlimited prepaid services, where
customers pay a monthly fee in advance for unlimited phone
calls without committing to a long-term contract.
BANGALORE (Reuters) – Garmin Ltd (GRMN.O: Quote, Profile, Research, Stock Buzz) reported a quarterly profit that topped market estimates as it benefited from revenue growth in all segments and regions, sending its shares up 3 percent.
But the No. 1 U.S. portable navigation device (PND) maker cut its revenue outlook range for the year, citing unfavorable foreign exchange movements and a slight decline at its PND segment. It maintained its earnings per share outlook.
BANGALORE, Aug 3 (Reuters) – Cognizant Technology Solutions
Corp (CTSH.O: Quote, Profile, Research, Stock Buzz) reported a profit that topped market estimates
for the sixth straight quarter, helped by a surge in
discretionary projects, and raised its 2010 revenue outlook
well above what the Wall Street was looking for.
The Teaneck, New Jersey-based IT services provider
outperformed its larger India-based rivals, pushing its shares
up 5 percent in trading before the bell.
SAN FRANCISCO/BANGALORE, Oct 14 (Reuters) – Wal-Mart Stores
Inc <WMT.N> will sell cut-price mobile services nationwide,
threatening to exacerbate a price war and hurt profit margins
across the U.S. wireless sector.
The move pits Wal-Mart, teamed with a company owned by
Mexican billionaire Carlos Slim, against low-cost carriers such
as Leap Wireless International Inc <LEAP.O> and MetroPCS
<PCS.N> and Sprint Nextel’s <S.N> Boost Mobile.
SAN FRANCISCO/BANGALORE (Reuters) – Wal-Mart Stores Inc <WMT.N> is expanding an offering of cut-price mobile services nationwide, putting further pressure on rivals such as Leap Wireless International Inc <LEAP.O> and MetroPCS <PCS.N>.
Shares of Leap and MetroPCS both fell after Wal-Mart announced on Wednesday the expansion to more than 3,200 stores from 234 of the service, developed with TracFone Wireless Inc, the U.S. unit of Mexican cell-phone giant America Movil <AMXL.MX> <AMX.N>, owned by billionaire Carlos Slim.