Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.» Read More
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.
NEW YORK, Aug 19- Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
Aug 6- IT services provider Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20- year history, citing delays in booking revenue from some large deals.
Aug 6- IT services provider Cognizant Technology Solutions Corp said it expects full-year sales to grow at a slower pace than previously forecast, citing weakness at some clients and delays in booking revenue from some large deals.
Aug 5- IT services provider Cognizant Technology Solutions Corp reported a 16.5 percent rise in quarterly revenue, helped by higher IT spending in North America and Europe. The company's net income in the second quarter ended June 30 rose to $371.9 million, or 61 cents per share, from $300.4 million, or 49 cents per share, a year ago.
Aug 5- Cerner Corp, a U.S. provider of healthcare information technology services, said it will buy the assets of Siemens AG's healthcare division for $1.3 billion. The acquisition is expected to close in the first quarter of 2015 and will be financed with cash on hand, Cerner said.
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.