Why investors must take Q1’s cost savings with some scepticism
Why investors must take Q1’s cost savings with some scepticism
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Mumbai: The first-quarter results reported so far for a large chunk of companies have not been all that bad. While revenues plunged substantially, the remarkable cost-cutting exercises have meant that companies were able to lower the impact on operating profit. As a result, several companies showed a profit growth that was a step or two ahead of analysts’ expectations.
Sure, analysts…
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