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Infosys Ltd

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  • 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...

  • 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...

  • 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,...

  • BANGALORE, Oct 10- Infosys Ltd, India's second-largest IT services exporter, said on Friday its second-quarter net profit grew by a higher-than-expected 28.6 percent on higher sales, an increase that would help it meet its annual sales growth forecast. Infosys said it expects revenue in the fiscal year ending in March 2015 to rise 7-9 percent, maintaining the...

  • Infosys Q2 net profit up 28.6 pct, beats forecasts Thursday, 9 Oct 2014 | 11:58 PM ET

    BANGALORE, Oct 10- Infosys Ltd, India's second-largest IT services exporter, said on Friday its second quarter net profit rose 28.6 percent, beating analysts' estimates. Infosys, which makes more than two-thirds of its sales from clients in the United States and Europe, said profit in the quarter ended September rose to 30.96 billion rupees from 24.07 billion...

  • Stocks derailed; worst point loss this year for Dow Thursday, 9 Oct 2014 | 4:09 PM ET
    Traders work on the floor of the New York Stock Exchange

    Stocks dropped Thursday as investors considered corporate earnings and a decline in weekly jobless claims.

  • Traders on the floor of the New York Stock Exchange.

    U.S. stocks ended about 2 percent higher on Wednesday as markets extended gains on the FOMC minutes and recovered from Tuesday's selloff.

  • Earnings will be inflection point for stocks: Pros Wednesday, 8 Oct 2014 | 11:35 AM ET
    A trader works on the floor of the New York Stock Exchange.

    The stock market's direction depends on how companies frame their earnings results in the days ahead, pros told CNBC on Wednesday.

  • S&P 500 lands at 8-week low; Europe slowdown weighs Tuesday, 7 Oct 2014 | 4:45 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks fell Tuesday, extending losses into a second day, amid increased signs of slowing growth in Europe and ahead of earnings.

  • King dollar question mark for earnings and stocks Monday, 6 Oct 2014 | 5:52 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.

  • Meg Whitman, CEO of Hewlett-Packard

    Computing giant Hewlett-Packard is close to breaking itself into two companies, following a months-long process during which it explored the sale of several business units, Re/code reports.

  • Stocks could stumble as earnings season looms Friday, 3 Oct 2014 | 6:19 PM 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.

  • MUMBAI, Oct 3- A former Infosys Ltd employee responsible for starting a U.S. investigation into the Indian information technology company's visa practices has filed another lawsuit, demanding damages for alleged wrongful termination. U.S. national Jack Palmer, who was employed by Infosys in Alabama, said in the lawsuit filed on Thursday with a New Jersey court...

  • Sept 24- Consulting and outsourcing company Accenture Plc said it expects profitability to improve this fiscal year as it focuses on trimming operating costs.

  • Cognizant to buy IT firm Trizetto for $2.7B Monday, 15 Sep 2014 | 8:15 AM ET

    Cognizant is buying privately held health-care IT company Trizetto for $2.7 billion in cash, the company announced on Monday.

  • Sept 15- Cognizant Technology Solutions Corp struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London- based private equity firm Apax Partners LLP, rose nearly 3 percent in premarket trading.

  • UPDATE 2-Cognizant warns of slowest-ever revenue growth Wednesday, 6 Aug 2014 | 9:45 AM ET

    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.

  • UPDATE 1-Cognizant warns of slower growth; shares fall Wednesday, 6 Aug 2014 | 7:10 AM ET

    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.

  • BANGALORE, July 24- Wipro Ltd, India's third-biggest software services exporter, forecast strong revenue growth on the back of higher outsourcing spending by overseas clients and said it was focussing on winning more deals in Europe.