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Infosys Ltd

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  • Feb 4- Cognizant Technology Solutions Corp's fourth-quarter revenue rose more than expected and the IT services provider forecast a pick up in annual revenue growth as healthcare and financial services clients in North America boost spending. The company shares rose as much as 6 percent to a record high of $58.38 on Wednesday. Like its Indian rivals Tata...

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stocks were poised to open little changed on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and following a stronger-than-expected monthly payrolls report. "What we are seeing is a tug of war between the worries about slowing global growth...

  • 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...

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stock index futures were lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and ahead of a key report on the labor market. *The S&P 500 added 3 percent over the last two sessions, retracing a good portion of its 4.2 percent loss in the previous...

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stock index futures were lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and ahead of a key report on the labor market. *AbbVie forecast 2015 earnings largely above analysts' average estimate after the close on Thursday, betting on its...

  • 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...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...

  • Accenture raises revenue outlook after strong 1Q Thursday, 18 Dec 2014 | 12:02 PM ET

    Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.

  • Dec 18- Consulting and outsourcing company Accenture Plc raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue. Accenture's shares rose 3.5 percent to $88.25 in premarket trading on Thursday. Accenture, which gets about 56 percent of its revenue from outside North...

  • Early movers: CBST, MRK, EBAY, SBUX, INFY & more Monday, 8 Dec 2014 | 7:52 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • HONG KONG/ MUMBAI, Dec 8- Some of the founders of Infosys Ltd sold shares worth $1.1 billion in India's second-largest IT services exporter on Monday, cashing in on a more than 20 percent gain in the stock since the company picked its first outsider as chief executive. Shibulal and K. Dinesh, members a group of seven engineers who founded Infosys in 1981 by pooling...

  • Nov 20- Indian outsourcing major Infosys Ltd's back-office services unit was overcharging Apple Inc, leading to the exit of top executives, two senior Infosys people said on Thursday. Infosys, India's second-largest IT services exporter, said on Tuesday it had fired Abraham Mathews, chief financial officer of its Infosys BPO unit, for failure to comply with the...

  • NR Narayana Murthy: India poised for growth Thursday, 6 Nov 2014 | 6:28 PM ET
    ounding member of Infosys, N.R. Narayana Murthy, speaks at a press conference at the company's headquarter in Bangalore.

    N.R. Narayana Murthy, the billionaire founder of Infosys, says he expects robust growth ahead for India.

  • India's Infosys to hire 2,100 people in U.S. Wednesday, 5 Nov 2014 | 11:39 PM ET

    Nov 6- Infosys Ltd said it plans to hire over 2,100 people in the United States as the company works towards scaling up its global presence and boost key work areas like client relationship management and consulting. Infosys said on Thursday the hiring will include up to 300 management and technology graduates who will work across multiple technology domains...

  • Nov 5- IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit above analysts' estimates due to a rise in spending by financial services and healthcare customers. North America accounts for about three-quarters of the company's total revenue, while Europe makes up for about 18 percent. The company said in...

  • King dollar question mark for earnings and stocks Monday, 13 Oct 2014 | 6:44 AM ET
    Traders on the floor of the New York Stock Exchange.

    Even after Friday's jobs report fueled the market's rally, stocks could be in for more bumps, as the first trickle of earnings reports begin.

  • Worst week for S&P 500, Nasdaq since May 2012 Friday, 10 Oct 2014 | 4:37 PM ET
    Traders on the floor of the New York Stock Exchange.

    Stocks fell Friday as computer-chip makers dropped on Microchip Technology's reduced forecast.

  • 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,...

  • Asia stocks joined Wall Street's selloff on Friday, led by declines in the energy sector, as investors fretted over slowing European growth.