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...» Read More
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.
Mark Gibbs, President, Greater China at German software giant SAP remains positive on the Chinese economy and discusses the firm's growth plan in the region.
Ankur Rudra, Vice-President of Ambit Capital tells CNBC's Cash Flow that Wipro's rally is short-lived and advises investors to short the stock.
Devesh Kumar, Managing Director, Country Head at CIMB Securities, India breaks down the Infosys results and tells CNBC's Cash Flow why he thinks the Indian IT sector will benefit from the global economic recovery.
Peter Sondergaard, head of research at Gartner, expects IT spending to grow faster in 2014 and says the industry should represent 5 percent of global GDP by 2017.
S.D. Shibulal, CEO of Indian IT giant Infosys discusses the firm's performance with CNBC's Bernie Lo at the World Economic Forum in Dalian, China.
Vish Iyer, President of TCS Asia Pacific says the company is looking to expand footprint in China and is keeping an eye out for acquisitions that boost growth.
Daniel Ives, senior analyst at FBR Capital Markets, comments on Oracle's disappointing sales, its transition to Cloud and other company-specific issues.
India's IT watchdog is investigating how the computer systems of two companies that are part of the country's vast IT services industry were breached in a global ATM heist.
Michael Fertik, CEO of Reputation.com, talks to CNBC about the launch of his Silicon Valley based company, which protects reputation and privacy on the internet, in the UK and why he is very bullish on Britain.
Tanuja Randery, CEO of MarketPrizm, tells CNBC that despite cutting jobs bank costs are going up and they have to look at IT to change this.
Claus Mortensen, Principal, Emerging Technology at IDC Asia Pacific says the information and communication technology sector in Asia Pacific ex-Japan will expand next year, driven by consumer growth. He also says companies are going to spend more on IT as they look to expand their businesses.
IDC is out with its closely watched information technology trends for 2013. IDC chief analyst Frank Gens, offers insight, and says companies will deploy some $2 trillion toward IT projects.
Mike Lynch, the founder of Autonomy who is engaged in a war of words with Hewlett-Packard Chief Executive Meg Whitman over allegations of fraud, is firmly at the heart of the British establishment and was once dubbed the “British Bill Gates” by the media.
Peter Sondegaard, head of research at Gartner, tells CNBC this is pessimistic year when it comes to IT spending with the market only expected to grow 1.7 percent, but next year Gartner expects acceleration to 3.8 percent.
The city of Chattanooga announced Geek Move, an incentive program that awards technology professionals $11,250 toward buying a home in the city.