Infosys Ltd


  • *Announces 10 pct wage hike for India staff, higher than rival Infosys. MUMBAI, April 16- Tata Consultancy Services Ltd, India's largest IT services exporter, expects a further rise in revenue growth in the new financial year, it said on Wednesday, after reporting a better than expected 51.5 percent increase in the last three months.

  • Reuters Business News Schedule at 1230 GMT/08.30AM ET Tuesday, 15 Apr 2014 | 8:38 AM ET

    Europe's banks prepare for ECB tests with new provisions. LONDON- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.

  • *Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct.

  • *Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct. BANGALORE, April 15- Infosys Ltd, India's second largest software services exporter, forecast an increase in IT spending by its U.S. and European clients to boost sales between 7 and 9 percent this fiscal year, in line with expectations.

  • Staff exodus to weigh on Infosys turnaround efforts Friday, 11 Apr 2014 | 7:30 AM ET

    *Infosys seen posting 18 pct growth in Q4 net profit, lagging rivals. MUMBAI, April 11- An exodus of senior executives and staff at India's second largest IT outsourcing firm, Infosys Ltd, could hamper efforts to win lucrative contracts in the United States and Europe, and weigh on its profit growth outlook for this year.

  • April 10- IT services company iGate Corp said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients.

  • April 10- IT services provider iGate Corp reported better-than-expected quarterly results as it added more customers, and revenue rose in Europe and from its financial industry clients. IGate shares rose 3 percent in premarket trade on Thursday. IGate expects adjusted EBITDA margins to be modestly lower in the second quarter due to a planned wage increase.

  • These companies hire interns for full-time jobs Thursday, 20 Mar 2014 | 2:29 PM ET

    Internships are one way to get a job. But some companies are better than others at hiring their interns for full-time positions, says a new survey.

  • Midday movers: Amazon, Herbalife, Facebook & more Thursday, 13 Mar 2014 | 1:39 PM ET

    Take a look at some of Thursday's midday movers: Amazon, Herbalife, Facebook & more.

  • UPDATE 2-Cognizant sees revenue below Street, shares fall Wednesday, 5 Feb 2014 | 12:10 PM ET

    *Expects 2014 revenue of at least $10.3 bln vs est $10.38 bln. Feb 5- Cognizant Technology Solutions Corp forecast 2014 revenue below analysts' expectations, raising concerns that the IT services provider's scorching growth may be cooling off.

  • Last month, India's top IT services provider Tata Consultancy Services Ltd said it expected sales growth to accelerate in its financial year ending March 2015. Infosys Ltd lifted its sales growth outlook for this fiscal year on signs of an economic revival in the United States and Europe.

  • Retailers face pressure to raise security spending Wednesday, 5 Feb 2014 | 8:08 AM ET

    Retailers need to do a lot more to defend themselves against future cyberattacks, according to security experts and IT service providers.

  • NEW YORK, Feb 5- Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.

  • "Middle-aged or married couples prefer to go back home on time, so don't like to stay back at work till late or do weekends," said Megha Jain, 34, a Bangalore- based employee of an Indian IT company.

  • MUMBAI, Jan 17- India's top IT services provider Tata Consultancy Services Ltd forecast faster sales growth in the next fiscal year but failed to ease investor worries that smaller rivals will also benefit from an anticipated rise in client demand.

  • *Q3 net profit 28.75 bln rupees vs estimate 27.15 bln rupees. MYSORE, India, Jan 10- India's Infosys Ltd is chasing more big-ticket contracts from Europe and the United States this year and keeping a lid on costs as the outsourcing services giant powers ahead with a turnaround to regain market share.

  • Top executive at India's Infosys resigns Friday, 20 Dec 2013 | 10:48 AM ET

    MUMBAI, Dec 20- A top executive at Indian IT services group Infosys who was seen as a candidate to become the next chief executive, has resigned, the latest such departure since co-founder Narayana Murthy returned as executive chairman.

  • Midday movers: Google, Phillips 66, Nokia & more Friday, 6 Dec 2013 | 1:08 PM ET

    Some of Friday's midday movers:

  • *First-quarter revenue $2.02 bln vs estimate of $2.01 bln. May 8- Cognizant Technology Solutions Corp forecast current-quarter revenue above market expectations after an 18 percent rise in the first quarter, helped by strong demand from Europe. First-quarter sales from Europe rose 23 percent, outpacing a 16 percent growth in North America.

  • *Infosys says no limit on eligibility for U.S. federal contracts. BANGALORE/ WASHINGTON, Oct 30- Tech services giant Infosys Ltd agreed on Wednesday to pay $34 million to end a U.S. investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.

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