Today, Cognizant Technology Solutions Corp (NASDAQ : CTSH) the IT, consulting and BPO services provider, reported a higher Q1 profit, chiefly aided by a revenue surge in all region and segments.

Cognizant's net income grew from last year's $208.33 million or $0.67 per share to $243.65 million or $0.79 per share, in-line with analysts' expectations from  A. On average analysts' expected earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenue jumped 24.8 percent from $1.37 billion in the previous year  to $1.71 billion last year. It was in-line with  analysts' consensus estimate.

Going forward,  to the second quarter of 2012, the company expects earnings per share to be $0.80, with revenue anticipated to be at least $1.79 billion. Analysts project earnings of $0.83 per share on $1.84 billion revenue for the quarter. The company also announced an additional $400 million share buyback program.

Original Source : Financial News

To know more about most active stocks to invest today, please visit: http://www.financeenquiry.com/
 
Galaxy smart phone is to be updated with new quad-core silicon chip in the coming days in order to improve the performance in terms of speed and efficiency. The Exynos Quad 4 is built on the company’s cutting-edge 32-nanometer manufacturing process and it incorporates four processor cores. 

Samsung said in a statement that the quad-core processor is an important element in providing their customers with a PC-like feeling on their mobile devices.

Original Source:  news.cnet

You can read more on Financial and Business Updates from our Experts:- Latest Stock News
 
Viasystems Group (NASDAQ : VIAS) will takeover DDi Corp (NASDAQ : DDIC) for $13 per share in cash.

Both the companies  announced that they have entered into a merger agreement, in which the value of entire transaction is around $282 million, or  $268 million net of DDi’s cash plus debt assumed. As per last year's results, for both the companies, on a proforma basis, the combined operation was around $1,320 million of revenue.

 VIAS anticipates the transaction to be straight away added to Adjusted EPS, even without the outcome of expected cost synergies, which VIAS expects to be around $10 million every year, prior to income tax effects, and realizable within 6 months after closing.

You can read more on Financial and Business Updates from our Experts:- Mergers and Acquisitions

Original Source: Viasystems Group
 
American movie 'The Hunger Games' has become a blockbuster hit, earning $155 million on its opening weekend. Its worldwide sales reached a total of $214 million. To cash the fame of the movie, the companies are producing merchandize and apparel supporting the movie.

As the movie becomes more popular day-by-day,  everything from pillowcases to laptop decals to T-shirts supporting District 12’s heroes are being sold. The training shirt sells for $59.99 and the cost arena jacket is worth $149.99 on Amazon.com. 'Hunger Games' themed watches,  the China Glaze Capitol Colours collection, and the Mockingjay pin worn by Katniss in the arena are also in demand.

The game is now available for free on app store. The game has a section where you can buy tickets, watch the trailer and become a citizen before going to see the movie. Few gyms in Philadelphia and New York have created a workout routine, which involves a series of character-driven exercises.

You can read more on Financial and Business Updates from our Experts:- Highest Gaining Stocks

Original Source: Hunger Games
 
As compared to the previous month, consumer confidence slipped in March due to rising gas prices. According to the forecasters, the consumer confidence index will slip to 70.0 in March, from 70.8 in February.

On Monday, the nationwide average for a gallon of gas reached $3.90. Economists are worried as they think rising oil prices may force consumers to pull back their spending.

As the economic outlook was improving, February’s reading reached 72. It might reach 90 in March indicating a healthy economy. In February 2009, the consumer confidence hit all-time low at 25.3. Since then, it has made a fitful recovery. Improvement in the job market is the key factor behind boosting the consumer confidence. The unemployment rate has slipped to 8.3 percent.

You can read more on Financial and Business Updates from our Experts:- Stock Market News

Original Source: Consumer Confidence
 
International Bank of Chicago has completed the acquisition of certain assets and liabilities and the banking operations of Premier Bank. The deal was closed in a FDIC-assisted transaction. Premier Bank, which presently operates two locations in Illinois, had nearly $269 million in total assets and $199 million in total deposits as of December 31. 

This is the second deal for the buyer, which previously bought the Des Plaines-based All American Bank in October 2011. On the transaction, John F Purtill from Meltzer, Purtill & Stelle Inc was the buyer's legal advisor, while Eugene B Katz from Hovde Financial Inc was the financial advisor. 
You can read more on Financial and Business Updates from our Experts:- Mergers and Acquisitions

Original Source: Premier Bank


 
Early this Friday, gold futures bounced due to weak US dollar. Moreover, gold for April delivery rose $6.50 to $1,649 an ounce on the Comex division of the New York Mercantile Exchange. Moreover, May Silver jumped 29.5 cents to reach $31.64 an ounce. The euro also gained from $1.3197 of late Thursday to $1.3231.

A soft dollar can support gold in two ways by making all dollar-denominated commodities cheaper in other currencies and encouraging gold purchases as currency hedge against greenback softness. On Thursday, gold plunged along with several kind of commodities following weak manufacturing surveys in China and the euro zone risk concerns.

You can read more on Financial and Business Updates from our Experts:- Latest Stock News

Original Source : Comex Gold