Take a look at some of Thursday's midday movers: Amazon, Herbalife, Facebook & more.» Read More
*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.
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.
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.
*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.
If American companies really don't have enough qualified workers, would they still import them despite the higher cost?
*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.
Take a look at some of Wednesday's midday movers:
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.