Oracle is growing its cloud business by unveiling a new endeavor.» Read More
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 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...
MUMBAI, Jan 9- Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on Friday, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December 31...
BUZZ-CYREN LTD: UK TRADE UNION TO USE ITS CYBER-SECURITY. **Israeli cybersecurity software company's U.S.-listed shares up 3.4 pct at $1.82. **Says IT services provider Reliable Networks signs up one of UK's largest trade unions to use Cyren's cloud-based web security services.
Xerox has agreed to sell its IT outsourcing unit to Atos for $1.05 billion. Michel-Alain Proch, CFO of Atos, describes it as a "new strategy collaboration."
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.