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Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters. The Seattle-based online behemoth on Thursday reported net income of USD 21.2 billion, or USD 1.95 per share, for the three-month period ended December 31. That compares with USD 20 billion, or USD 1.86 per share, in the year-ago quarter. Revenue rose 14 per cent to USD 213.4 billion in the fourth quarter, compared with USD 187.8 billion in the year-ago period. Analysts were expecting USD 1.97 per share on sales of USD 211.4 billion, according to analysts polled by FactSet. Revenue from its cloud service arm called Amazon Web Services increased 24 per cent to USD 35.6 billion. Analysts were expecting USD 34.9 billion. Amazon said it plans to increase capital spending to USD 200 billion this year from USD 125 billion as it sees opportunities in artificial intelligence, robots, semiconductors an
Facebook India has posted around 28 per cent increase in standalone profit at Rs 647.45 crore for financial year ended March 2025, according to the company's regulatory filing shared by Tofler. The company had logged a profit of Rs 504.93 crore a year ago. Revenue from operations grew 25 per cent to Rs 3,792.91 crore in FY2025 from Rs 3,034.82 a year ago. "The company's total expenses for the fiscal were reported as Rs 2,881 crore," Tofler said. Employee expenses of Meta-owned Facebook India Online Services Private Limited grew 36 per cent to Rs 648.57 crore during the fiscal as against Rs 476 crore a year ago. The company's tax expense was higher by 46 per cent to Rs 305.18 crore in FY2025 from Rs 209.2 crore in FY2024. According to an analysis by the market intelligence firm Tofler, the operating margin of Facebook declined marginally and net margin inched up to 16.9 per cent in FY2025.
Private sector lender RBL Bank on Saturday reported a 555 per cent jump in the December quarter net profit to Rs 214 crore, helped by a steep decline in provisions. The lender, which is set to receive a USD 3 billion fund infusion from Emirates NBD Bank, had reported a net profit of Rs 33 crore in the year-ago period and Rs 179 crore in the preceding June quarter. Its core net interest income grew 5 per cent to Rs 1,657 crore on the back of a 14 per cent increase in advances and a 0.12 per cent growth in net interest margin to 4.63 per cent. The bank's managing director and chief executive R Subramaniakumar said the tweaks in deposit rates and a shift in advances book helped expand the margins, and added that it is expected to widen further in the upcoming quarters despite the 0.25 per cent rate cut by the RBI. The overall deposits grew 12 per cent during the quarter, he said, adding that on the lending front, it recorded an increase in unsecured book for the first time in many ...
Private sector lender Federal Bank on Friday reported an 8.98 per cent improvement in net profit at Rs 1,041 crore in the third quarter ended December 2025. The bank had earned a net profit of Rs 955 crore in the same quarter a year ago. Total income increased to Rs 7,968 crore during the reporting quarter from Rs 7,725 crore in the same period a year ago, Federal Bank said in a regulatory filing. Interest income also rose to Rs 6,867 crore during the quarter under review as compared to Rs 6,809 crore in the year-ago period. Operating profit of the bank grew to Rs 1,729 crore compared to Rs 1,559 crore in the third quarter of the previous fiscal. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.72 per cent as against 1.95 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.42 per cent from 0.49 per cent at the end of the third quarter last fiscal year. However, the overall provisions, excluding tax, increased to Rs 332 cro