IT Services


  • *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...

  • SAP: Going ahead with $2 billion China expansion   Wednesday, 30 Oct 2013 | 9:18 PM ET
    SAP: Going ahead with $2 billion China expansion

    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.

  • Short Wipro, do it today: Ambit Capital   Tuesday, 22 Oct 2013 | 11:31 PM ET
    Short Wipro, do it today: Ambit Capital

    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.

  • India IT will benefit from global recovery   Thursday, 10 Oct 2013 | 11:33 PM ET
    India IT will benefit from global recovery

    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.

  • How consumer spending is driving IT industry   Monday, 7 Oct 2013 | 5:30 AM ET
    How consumer spending is driving IT industry

    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.

  • Infosys: Innovation boosted our client relevance   Wednesday, 11 Sep 2013 | 8:44 PM ET
    Infosys: Innovation boosted our client relevance

    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.

  • TCS: Open to strategic acquisitions   Sunday, 28 Jul 2013 | 8:46 PM ET
    Open to strategic acquisitions: Vish Iyer

    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.

  • Cloud Will Be Key to Oracle's Stock Move: Pro   Friday, 21 Jun 2013 | 5:45 AM ET
    Cloud Will Be Key to Oracle's Stock Move: Pro

    Daniel Ives, senior analyst at FBR Capital Markets, comments on Oracle's disappointing sales, its transition to Cloud and other company-specific issues.

  • How Did They Do It? IT Watchdog Probes ATM Heist Sunday, 12 May 2013 | 12:17 PM ET
    An ATM machine on Third Avenue is viewed in New York on May 10, 2013, just one of the many that were used as cyber thieves around the world stole $45 million by hacking into debit card companies, scrapping withdrawal limits and helping themselves from cash machines.

    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.

  • I Am Very Long On the British Economy: CEO   Tuesday, 29 Jan 2013 | 1:30 AM ET
     I Am Very Long On the British Economy: CEO

    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.

  • Despite Cuts Bank Costs Still Rising: Pro   Monday, 14 Jan 2013 | 12:00 PM ET
    Despite Cuts Bank Costs Still Rising: Pro

    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.

  • ICT Sector in Asia to Grow Next Year: IDC   Thursday, 29 Nov 2012 | 7:15 PM ET
    ICT Sector in Asia to Grow Next Year: IDC

    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.

  • IT Industry Hot Spots   Thursday, 29 Nov 2012 | 1:43 PM ET
    IT Industry Hot Spots

    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.

  • Under Fire: Dissecting the Words of Autonomy's Founder

    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.