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Infosys Ltd

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  • *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...

  • 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...

  • 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...

  • 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.

  • 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...