GO
Loading...

IT Services

More

  • BENGALURU, Jan 9- India's second-largest software services exporter Infosys Ltd beat forecasts and maintained its sales growth outlook for the year, citing strong demand from clients in its largest market the United States. Infosys kept the outlook after it posted a higher-than-expected 13 percent increase in net profit for the quarter ended December 31 on...

  • Infosys Q3 profit up 13 percent, beats estimates Friday, 9 Jan 2015 | 2:32 AM ET

    MUMBAI, Jan 9- Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on Friday, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December 31...

  • BUZZ-CYREN LTD: UK TRADE UNION TO USE ITS CYBER-SECURITY. **Israeli cybersecurity software company's U.S.-listed shares up 3.4 pct at $1.82. **Says IT services provider Reliable Networks signs up one of UK's largest trade unions to use Cyren's cloud-based web security services.

  • *Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.

  • Xerox and Atos step up their relationship  Friday, 19 Dec 2014 | 5:15 AM ET

    Xerox has agreed to sell its IT outsourcing unit to Atos for $1.05 billion. Michel-Alain Proch, CFO of Atos, describes it as a "new strategy collaboration."

  • Tech stocks lead European shares higher on M&A boost Friday, 19 Dec 2014 | 3:16 AM ET

    PARIS, Dec 19- European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm. Shares in Atos rose 6 percent, leading gains in the STOXX Europe 600 Technology sector, which was up 1.1 percent at 0814 GMT. Air France-KLM bucked the trend,...

  • *Xerox to sell information technology outsourcing business to Atos for $1.05 billion. *Xerox says deal with Atos also includes additional consideration of $50 million; deal expected to close in the first half of 2015. *Xerox says now expects full-year 2014 gaap earnings per share from continuing operations of $0.87- $0.89.

  • China to push growth of outsourcing industry Wednesday, 26 Nov 2014 | 7:17 AM ET

    BEIJING, Nov 26- China will develop international outsourcing of high-value-added services to create new advantages in foreign trade, its cabinet said on Wednesday, according to the official government website. The State Council will reduce corporate income taxes to 15 percent in a number of cities to encourage development of the high-tech, high...

  • Nov 20- Indian outsourcing major Infosys Ltd's back-office services unit was overcharging Apple Inc, leading to the exit of top executives, two senior Infosys people said on Thursday. Infosys, India's second-largest IT services exporter, said on Tuesday it had fired Abraham Mathews, chief financial officer of its Infosys BPO unit, for failure to comply with the...

  • India's Infosys to hire 2,100 people in U.S. Wednesday, 5 Nov 2014 | 11:39 PM ET

    Nov 6- Infosys Ltd said it plans to hire over 2,100 people in the United States as the company works towards scaling up its global presence and boost key work areas like client relationship management and consulting. Infosys said on Thursday the hiring will include up to 300 management and technology graduates who will work across multiple technology domains...

  • Nov 5- IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit above analysts' estimates due to a rise in spending by financial services and healthcare customers. North America accounts for about three-quarters of the company's total revenue, while Europe makes up for about 18 percent. The company said in...

  • IT services provider Cognizant's revenue rises 12 pct Wednesday, 5 Nov 2014 | 6:09 AM ET

    Nov 5- IT services provider Cognizant Technology Solutions Corp reported a 12 percent rise in quarterly revenue due to higher spending by customers in North America and Europe. The company's net income rose to $355.6 million, or 58 cents per share, in the third quarter ended Sept. 30 from $319.6 million, or 53 cents per share, a year earlier. Revenue rose to $2.58...

  • Jetter, who currently heads IBM's operations in Japan, will initially report to Erich Clemanti and will succeed him as head of the services unit on Jan. 1, when Clemanti will move to another senior leadership role, according to an internal IBM memo seen by Reuters. In each case, he and his team have moved quickly to embrace new approaches and new thinking, " IBM CEO Ginni...

  • UPDATE 2-Weak services growth weighs on Xerox revenue Wednesday, 22 Oct 2014 | 2:38 PM ET

    Oct 22- Xerox Corp reported a 2 percent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business. Xerox, best known as a maker of printers and copiers, has been focusing on services to offset a drop in printing by companies and as personal computing moves to tablets and smartphones.

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent. "We are disappointed in our performance," said Ginni Rometty, IBM chairman,...

  • Oct 20- International Business Machines Corp said it no longer expected to achieve its 2015 operating earnings target of at least $20 per share after weak client spending resulted in an unexpected fall in quarterly earnings and revenue. IBM's shares fell more than 9 percent in premarket trading. "IBM needs to find success and growth in the cloud through organic...

  • BANGALORE, Oct 10- Infosys Ltd wants to revive growth through automation and artificial intelligence, its chief executive said on Friday, boosting investors' confidence in India's second largest IT exporter after it posted a forecast-beating quarterly profit. Chief Executive Vishal Sikka was brought in earlier this year to chart a new strategy for Infosys,...

  • BANGALORE, Oct 10- Infosys Ltd, India's second-largest IT services exporter, said on Friday its second-quarter net profit grew by a higher-than-expected 28.6 percent on higher sales, an increase that would help it meet its annual sales growth forecast. Infosys said it expects revenue in the fiscal year ending in March 2015 to rise 7-9 percent, maintaining the...

  • Sept 15- Cognizant Technology Solutions Corp struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London- based private equity firm Apax Partners LLP, rose nearly 3 percent in premarket trading.