*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.
*Sees 2013 earnings of at least $4.01/ share vs prev forecast $3.96. *Expects 2013 revenue of at least $8.84 bln vs est $8.74 bln.
Nov 5- IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.
India's second-largest IT services exporter has agreed to pay $34 million in a civil settlement with U.S. authorities investigating its use of visas.
*Infosys says no limit on eligibility for U.S. federal contracts. BANGALORE, Oct 30- Infosys Ltd said on Wednesday it has reached a $34 million settlement with U.S. authorities in a case involving the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.
*Infosys says in process of resolving visa investigation. BANGALORE, Oct 29- Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas.
India's Infosys said it was in the process of reaching a settlement with the U.S. over the company's alleged misuse of temporary business visas.
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.
BANGALORE, Oct 22- Wipro Ltd, India's third-largest IT services exporter, beat quarterly profit expectations as revenue in its core business grew at the fastest rate quarter-on-quarter in almost two years, thanks to higher spending by its biggest clients.
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
S.D. Shibulal, CEO of Infosys, comments on the lawsuit in the U.S., the group's growth prospect as the U.S. is gaining momentum and Europe is showing "signs of early improvements".
Infosys posted quarterly profit that missed analyst estimates on a charge related to visa, but raised its fiscal year revenue guidance.
BANGALORE, Oct 11- Infosys, India's second-largest software services exporter, posted quarterly profit that missed analyst estimates on a charge related to visa use in the United States, but raised the lower end of its fiscal full-year revenue guidance. I'm sure Murthy is spending a lot of energy in sort of assuring clients that Infosys means business. "
BANGALORE, Oct 9- India's IT outsourcers, long bit players in continental Europe, are looking to win over more people like Hans-Petter Aanby.
NEW DELHI, Sept 27- India has allowed domestic companies to list and raise capital overseas without first being listed on local exchanges, the finance ministry said on Friday, in the latest of a series of steps to boost capital inflows.
MUMBAI/ HONG KONG, Sept 13- For years, Aberdeen Asset Management laboured in India in the shadow of HSBC's star stock-picker Sanjiv Duggal. The Aberdeen Global-Indian Equity Fund overtook the HSBC's GIF Indian Equity fund last year in the league of assets under management and the gap between the two has been widening.
Sept 11- IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate. Vemuri was till recently the Americas head and global manufacturing chief of bigger rival Infosys Ltd, India's second-largest software services exporter.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
This earnings season IT outsourcing firms have posted surprisingly upbeat earnings, a sign tech spending by U.S. corporations is slowly coming back, said analysts.