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.» 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/ MUMBAI, July 24- Wipro Ltd, India's third-biggest IT services exporter, posted a 29.6 percent rise in fiscal first-quarter profit and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients.
Sparked a revolution in business-process services for Western multinationals and showed Indian IT companies could compete with the best in the world.
We got an earnings report from IBM, and the picture they paint isn't pretty. The technology bellwether had a rough quarter.
TK Kurien, CEO of Wipro, says the company has been "over-reliant" on developed markets, but has seen opportunities in the emerging markets.
Suresh Senapaty, CFO of Wipro, says the group had a "very good quarter" as it added new customers but highlights it needs to accelerate its client hunting to catch up with competitors.
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.
Chinese manufacturing activity this month is expected to be on the radar for Asian markets this week, alongside the latest Japanese inflation numbers.
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.
Vish Iyer, President of TCS Asia Pacific says the company is looking to expand footprint in China and is keeping an eye out for acquisitions that boost growth.
Nitin Padmanabhan, Analyst, IT & Telecom, India at Espirito Santo Securities tells us how to play Wipro and Tech Mahindra, as well as the Indian tech market
Suresh Senapaty, CFO of Wipro, discusses earnings and expectations and says the company will continue to grow as it has a lot of head space and its penetration is still fairly low at the moment.
India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.
Suresh Senapty, executive director at Wipro, tells CNBC why the company's lower than expected growth is down to political risk in the US and India rather than reduced demand for their products.
India's No.3 software services provider Wipro posted an 18 percent gain in quarterly profit, joining bigger rivals Tata Consultancy Services and Infosys in reporting better-than-expected earnings.
India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected quarterly profit, triggering a 15 percent surge in its shares, set for their biggest gain in more than a decade.
Startup Village wants to help engineers develop 1,000 Internet and mobile companies in the next 10 years. It provides members with office space, guidance and a chance to hobnob with the stars of the tech industry.
MUMBAI, Oct 12- Indian shares snapped a five-week streak of gains on Friday as bellwether Infosys Ltd. Worries that India would post high inflation data on Monday and erode prospects of interest rates cut from the central bank at the end of the month hit financial stocks such as ICICI Bank.
*Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.