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.» Read More
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...
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.
Sept 15- Cognizant Technology Solutions Corp said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. Private equity firm Apax Partners LLP was exploring a sale of TriZetto, sources told Reuters in August.
Sept 15- Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit. Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.
Sept 9- British IT outsourcing firm Quindell Plc said on Tuesday it had won a libel lawsuit against U.S.-based short-seller Gotham City Research LLP, which had raised questions about the company's revenue model and profit quality.
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.