Infosys beat estimates with a 21.6 percent rise in quarterly net profit and retained sales growth outlook on demand for outsourcing services.» Read More
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.
BANGALORE, July 11- India's second largest IT services provider Infosys Ltd said on Friday it would boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.
BANGALORE, July 11- Infosys Ltd, India's second-largest software services exporter, beat estimates with a 21.6 percent rise in quarterly net profit and retained sales growth outlook for this year on surging demand for outsourcing services.
BANGALORE, July 11- Infosys Ltd, India's second-largest software services exporter, posted a 21.6 percent increase in quarterly net profit, beating estimates, as it won new outsourcing contracts from overseas clients.
June 26- Amazon.com' s Asia unit will provide back-end support in a venture with an Indian private investment firm formed by Infosys Ltd co-founder N.R. Narayana Murthy that aims to help get Indian companies online.
June 26- Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, India's Economic Times reported. Amazon and Catamaran were not immediately available for comment.
June 26- Accenture Plc, a consulting and outsourcing services provider, cut the top end of its full-year earnings forecast as margins come under pressure, taking the shine off a rebound in its consulting business that boosted quarterly revenue.
June 26- Accenture Plc, a consulting and outsourcing company, reported a better-than-expected 7.5 percent rise in quarterly net revenue, led by a rebound in demand for its consulting services. Accenture forecast revenue of between $7.45 billion and $7.70 billion for the fourth-quarter.
MUMBAI, June 13- Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom, skills the new chief executive of Infosys Ltd will need to turn around a company that was once the poster child of India's $108 billion IT services industry.
June 12- Vishal Sikka is the first outsider to take the helm at Bangalore- based Infosys, India's second biggest IT services exporter. *Sikka was the first Chief Technology Officer at German business software maker SAP AG. He was also a member of the Executive Board of SAP AG, leading all products and driving innovation globally until he left the company in May.
MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like cloud computing and stem a staff exodus.
MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, named former SAP AG executive board member Vishal Sikka as Chief Executive Officer, the first time the company has not chosen one of its founders for the role. Infosys also said Executive Chairman N.R. Narayana Murthy and Executive Vice Chairman S. Gopalakrishnan would step down on June 14.
MUMBAI, May 29- India's second largest IT services exporter Infosys Ltd is under pressure to bring in a new chief executive soon to check an exodus of junior staff and reassure investors after a slew of departures at the top.
CHICAGO, May 27- Although the world's largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata Party that just won an epic election in India has engendered optimism that the country can turn around its sagging economic scenario.
A shoe that talks and a wristband that connects to a personal trainer: Welcome to the brave new world of wearable technology from India.
MUMBAI, May 11- Infosys Ltd, once a bellwether for India's $100 billion- plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore- based company struggles to regain ground lost to rivals.
*Sees 2nd- qtr revenue $2.50 bln- $2.53 bln vs est. May 7- Technology outsourcing company Cognizant Technology Solutions Corp said growth in its North America healthcare business would remain slow this quarter due to lower spending by customers adjusting to U.S. healthcare reforms.
*Forecasts 2nd- quarter revenue $2.50 bln- $2.53 bln vs est. May 7- Technology outsourcing company Cognizant Technology Solutions Corp said growth in its North America healthcare business would remain slow this quarter due to lower spending by customers as they adjust to changes brought on by Obamacare.
May 7- Technology outsourcing company Cognizant Technology Solutions Corp reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending. Europe contributed $470.1 million, or 19.4 percent, to total revenue in the quarter ended March 31.
Socialism is in his heart, but Infosys billionaire Narayana Murthy says on May Day that "capitalism is the way forward."