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  • Feb 4- IT services provider Cognizant Technology Solutions Corp's fourth-quarter revenue rose a higher-than-expected 16.4 percent, helped by increased spending by healthcare and financial services customers in North America. Cognizant's Indian rivals, Tata Consultancy Services and Wipro Ltd have also forecast accelerating growth this year as...

  • Cognizant quarterly revenue rises on higher IT spending Wednesday, 4 Feb 2015 | 6:13 AM ET

    Feb 4- IT services provider Cognizant Technology Solutions Corp reported a 16.4 percent rise in quarterly revenue, helped by higher spending by healthcare and financial services customers. The company's net income rose to $362.9 million, or 59 cents per share, in the fourth quarter ended Dec. 31 from $324.3 million, or 53 cents per share, a year earlier.

  • CNBC Crowdfinance Services Index Wednesday, 4 Feb 2015 | 6:00 AM ET

    The CNBC Crowdfinance Services Index represents private service industry companies raising the most capital through equity crowdfunding.

  • Xerox's profit beats Street on lower costs Friday, 30 Jan 2015 | 10:34 AM ET

    Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.

  • Jan 30- Xerox Corp, which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue. The forecast cut reflected a 5 cent per share impact from currency rate fluctuations, specifically the weakening of the euro, said Xerox, which...

  • Jan 30- Xerox Corp, best known for its printers and copiers, reported a slightly better-than-expected quarterly profit as expenses declined 4 percent. Restructuring and better productivity led to higher margins, Xerox said on Friday. Xerox said last month it was selling its information technology outsourcing arm to French IT services firm Atos SE for $1.05...

  • Infosys shares rise as it sticks to growth targets Friday, 9 Jan 2015 | 12:21 PM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.

  • BENGALURU, Jan 9- Shares in software services exporter Infosys Ltd rose almost 7 percent on Friday after it surprised investors by sticking to its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar. Infosys, which posted a 13 percent rise in third-quarter profit, confirmed it expects sales growth of 7 to 9 percent...

  • 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...