IT Services


  • Cognizant buying TriZetto for $2.7 billion Monday, 15 Sep 2014 | 6:40 AM ET

    TEANECK, N.J.— Cognizant will buy the health care software company TriZetto for $2.7 billion in cash. Privately held TriZetto Corp. is based in Englewood, Colorado. Shares of Cognizant Technology Solutions Corp. rose $1.33, or 3 percent, to $46.09 in premarket trading.

  • Sept 15- Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit. Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.

  • Sept 9- British IT outsourcing firm Quindell Plc said on Tuesday it had won a libel lawsuit against U.S.-based short-seller Gotham City Research LLP, which had raised questions about the company's revenue model and profit quality.

  • NEW YORK, Aug 19- Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.

  • UPDATE 2-Cognizant warns of slowest-ever revenue growth Wednesday, 6 Aug 2014 | 9:45 AM ET

    Aug 6- IT services provider Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20- year history, citing delays in booking revenue from some large deals.

  • UPDATE 1-Cognizant warns of slower growth; shares fall Wednesday, 6 Aug 2014 | 7:10 AM ET

    Aug 6- IT services provider Cognizant Technology Solutions Corp said it expects full-year sales to grow at a slower pace than previously forecast, citing weakness at some clients and delays in booking revenue from some large deals.

  • Cognizant quarterly revenue rises 16.5 pct Wednesday, 6 Aug 2014 | 6:11 AM ET

    Aug 5- IT services provider Cognizant Technology Solutions Corp reported a 16.5 percent rise in quarterly revenue, helped by higher IT spending in North America and Europe. The company's net income in the second quarter ended June 30 rose to $371.9 million, or 61 cents per share, from $300.4 million, or 49 cents per share, a year ago.

  • Aug 5- Cerner Corp, a U.S. provider of healthcare information technology services, said it will buy the assets of Siemens AG's healthcare division for $1.3 billion. The acquisition is expected to close in the first quarter of 2015 and will be financed with cash on hand, Cerner said.

  • BANGALORE, July 24- Wipro Ltd, India's third-biggest software services exporter, forecast strong revenue growth on the back of higher outsourcing spending by overseas clients and said it was focussing on winning more deals in Europe.

  • BANGALORE/ MUMBAI, July 24- Wipro Ltd, India's third-biggest IT services exporter, posted a 29.6 percent rise in fiscal first-quarter profit and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients.

  • The company, which provides firms with temporary workers and offers them IT outsourcing, management and engineering services, also operates in Germany, Russia, Turkey, Czech Republic, Slovakia and Hungary.

  • BANGALORE, July 11- India's second largest IT services provider Infosys Ltd said on Friday it would boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.

  • MUMBAI, June 13- Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom, skills the new chief executive of Infosys Ltd will need to turn around a company that was once the poster child of India's $108 billion IT services industry.

  • MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like cloud computing and stem a staff exodus.

  • MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, named former SAP AG executive board member Vishal Sikka as Chief Executive Officer, the first time the company has not chosen one of its founders for the role. Infosys also said Executive Chairman N.R. Narayana Murthy and Executive Vice Chairman S. Gopalakrishnan would step down on June 14.

  • *Dufry to cement lead over DFS as largest airport retailer. ZURICH/ LONDON, June 4- Swiss travel retailer Dufry is buying rival Nuance for 1.55 billion Swiss francs, expanding its presence in Asia and cementing its position as the world's largest duty-free retailer ahead of Hong Kong- based DFS Group.

  • MUMBAI, May 29- India's second largest IT services exporter Infosys Ltd is under pressure to bring in a new chief executive soon to check an exodus of junior staff and reassure investors after a slew of departures at the top.

  • PARIS, May 26- Atos is to buy Bull in an all-French IT sector deal worth 620 million euros to create the top Europe- based cloud computing company and a major player in cybersecurity.

  • Leaving the dream: Infosys battles worker exodus Saturday, 10 May 2014 | 10:00 PM ET

    MUMBAI, May 11- Infosys Ltd, once a bellwether for India's $100 billion- plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore- based company struggles to regain ground lost to rivals.

  • April 29- Target Corp, which is recovering from a massive data breach, on Tuesday named high-profile information technology consultant Bob DeRodes as chief information officer. Target, the third-largest U.S. retailer, said it was still looking for a chief information security officer and a chief compliance officer.