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  • PARIS, April 27- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. Cap Gemini, the market capitalisation of which was about 13 billion euros at the close of business on Friday, said it...

  • Unisys reports 1Q loss Thursday, 23 Apr 2015 | 6:21 PM ET

    BLUE BELL, Pa. _ Unisys Corp. on Thursday reported a loss of $43.2 million in its first quarter. On a per-share basis, the Blue Bell, Pennsylvania- based company said it had a loss of 87 cents. Unisys shares have declined 20 percent since the beginning of the year.

  • April 20- International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. IBM's revenue has been shrinking for three years now as the company sheds low-profit businesses such as cash registers, low-end servers and...

  • Vencore's owner, private equity firm Veritas Capital Management LLC, has hired Stone Key Group LLC and Wells Fargo& Co to advise on an auction for the company, three people said on Friday. Veritas Capital and Wells Fargo declined to comment. Veritas Capital bought the company, which was previously called SI Organization Inc, from Lockheed Martin Corp for $815...

  • MUMBAI, April 9- An Indian court on Thursday held the founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud, local television channels reported. The court is yet to announce the quantum of punishment in the case, the TV channels reported.

  • MUMBAI, March 25- India's third-largest IT services exporter Wipro is setting up a "commando force" unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters. "We believe there is a lot of opportunity and a lot of money that our clients can save and that we can make," Kohli, the former head of Wipro's...

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • Feb 24- Technology consultant Computer Sciences Corp drew buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. Talks between CSC and the consortium of Cap Gemini and Carlyle started late last year but have since fizzled, the sources said on Tuesday.

  • Feb 24- Technology consultant Computer Sciences Corp has drawn buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. CSC, which has a market capitalization of around $10 billion, is now working with Royal Bank of Canada as it reviews its options, the people said.

  • PARIS, Feb 19- French IT services company Capgemini expects sales to accelerate this year with improved profitability fueled in large part by strength in the North American market. Capgemini, which helps corporations implement software projects to better run their businesses, also proposed a dividend for 2014 of 1.20 euro per share, compared to 1.10 euro in...

  • Feb 4- Cognizant Technology Solutions Corp's fourth-quarter revenue rose more than expected and the IT services provider forecast a pick up in annual revenue growth as healthcare and financial services clients in North America boost spending. The company shares rose as much as 6 percent to a record high of $58.38 on Wednesday. Like its Indian rivals Tata...

  • 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

    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...