In Focus: Promising Numbers

The result season started with a bang as the tech majors came out with strong numbers to boost the morale of the markets, taking the Sensex closer to its previous highs. At the time of this analysis, results of 265 companies were available. Taken together, these companies registered over 35 per cent increase in both top line as well as the bottom line during the quarter ending March 2007, in comparison to the corresponding quarter last year. Here is the sectoral analysis of the results declared so far. Technology: Well ProgrammedOnce again, technology stocks led from the front. Taken together, the 28 companies in this space that have declared results so far recorded an 86 per cent growth in sales, while the profits followed closely with a growth rate of 71 per

This article was originally published on May 31, 2007.