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IT Services


  • 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 rise as it sticks to growth targets Friday, 9 Jan 2015 | 12:21 PM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    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...

  • Infosys Q3 profit up 13 percent, beats estimates Friday, 9 Jan 2015 | 2:32 AM ET

    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.

  • *Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.

  • Xerox and Atos step up their relationship   Friday, 19 Dec 2014 | 5:15 AM ET
    Xerox and Atos step up their relationship

    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."

  • Tech stocks lead European shares higher on M&A boost Friday, 19 Dec 2014 | 3:16 AM ET

    PARIS, Dec 19- European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm. Shares in Atos rose 6 percent, leading gains in the STOXX Europe 600 Technology sector, which was up 1.1 percent at 0814 GMT. Air France-KLM bucked the trend,...

  • *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.

  • 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.