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
Sparked a revolution in business-process services for Western multinationals and showed Indian IT companies could compete with the best in the world.
*Announces 10 pct wage hike for India staff, higher than rival Infosys. MUMBAI, April 16- Tata Consultancy Services Ltd, India's largest IT services exporter, expects a further rise in revenue growth in the new financial year, it said on Wednesday, after reporting a better than expected 51.5 percent increase in the last three months.
Some of Tuesday's midday movers:
Europe's banks prepare for ECB tests with new provisions. LONDON- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
U.S. stock index futures pointed to a flat-to-lower open on Tuesday, as investors awaited results from a number of industry heavyweights.
*Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct.
*Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct. BANGALORE, April 15- Infosys Ltd, India's second largest software services exporter, forecast an increase in IT spending by its U.S. and European clients to boost sales between 7 and 9 percent this fiscal year, in line with expectations.
Infosys reported a 25 percent increase in quarterly net profit as it added new clients including Chinese-owned Swedish automaker Volvo.
Like thunderstorms cooling an overheated landscape, more selling could rumble through the stock market in the coming week.
*Infosys seen posting 18 pct growth in Q4 net profit, lagging rivals. MUMBAI, April 11- An exodus of senior executives and staff at India's second largest IT outsourcing firm, Infosys Ltd, could hamper efforts to win lucrative contracts in the United States and Europe, and weigh on its profit growth outlook for this year.
April 10- IT services company iGate Corp said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients.
April 10- IT services provider iGate Corp reported better-than-expected quarterly results as it added more customers, and revenue rose in Europe and from its financial industry clients. IGate shares rose 3 percent in premarket trade on Thursday. IGate expects adjusted EBITDA margins to be modestly lower in the second quarter due to a planned wage increase.
Internships are one way to get a job. But some companies are better than others at hiring their interns for full-time positions, says a new survey.
Take a look at some of Thursday's midday movers: Amazon, Herbalife, Facebook & 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.
Retailers need to do a lot more to defend themselves against future cyberattacks, according to security experts and IT service providers.
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.
Some of Friday's midday movers: