We got an earnings report from IBM, and the picture they paint isn't pretty. The technology bellwether had a rough quarter.» Read More
"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.
DAVOS, Switzerland, Jan 24- Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the World Economic Forum said.
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.
*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.
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.
Chinese manufacturing activity this month is expected to be on the radar for Asian markets this week, alongside the latest Japanese inflation numbers.
BANGALORE, Oct 9- India's IT outsourcers, long bit players in continental Europe, are looking to win over more people like Hans-Petter Aanby.
NEW DELHI, Sept 27- India has allowed domestic companies to list and raise capital overseas without first being listed on local exchanges, the finance ministry said on Friday, in the latest of a series of steps to boost capital inflows.
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.