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Information Technology IT Services

  • SAN FRANCISCO, Feb 28- The University of California, San Francisco on Tuesday laid off 49 information technology employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The University of California system, which includes health care and research-focused UCSF, has been...

  • ST. LOUIS _ Perficient Inc. on Tuesday reported fourth-quarter net income of $3.7 million. On a per-share basis, the St. Louis- based company said it had net income of 11 cents. The company expects full-year earnings in the range of $1.17 to $1.31 per share, with revenue ranging from $485 million to $515 million.

  • NEW DELHI, Feb 24- India has stepped up its lobbying effort against moves in the U. S. Congress to impose curbs on visas for skilled workers that threaten the South Asian nation's tech sector, which employs more than 3.5 million people. Speaking to Reuters, Trade Minister Nirmala Sitharaman said New Delhi had reached out to the administration of President Donald...

  • NEW DELHI, Feb 21- Prime Minister Narendra Modi urged the United States on Tuesday to keep an open mind on admitting skilled Indian workers, in comments that pushed back against Republican President Donald Trump's "America First" rhetoric on jobs. Modi's comments reflected concern that India's $150 billion IT services industry would suffer if the United...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 "highly skilled" new jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. Major IT service companies, particularly those based in India, fly engineers to the United States using H-1B visas to service clients, but some...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. The company is domiciled in Dublin, Ireland, while a large chunk of its more than 394,000 employees are in India. Major IT service companies, particularly those based in...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. The company is domiciled in Dublin, Ireland, but a majority of its more than 380,000 employees are in India. Major IT service companies, particularly those based in India,...

  • MUMBAI, Feb 13- Management at Infosys Ltd attempted on Monday to allay concerns that the software services firm was facing a worsening dispute with its founders over how the company was being run, saying that the board was engaging with the founders, including N.R. Narayana Murthy. Addressing a news conference in Mumbai, the company's non-executive Chairman R....

  • *Expects Q1 adj profit of at least 83 cents vs est of 86 cents. Feb 8- IT services provider Cognizant Technology Solutions Corp agreed to appoint three new directors and return $3.4 billion to shareholders, bowing to pressure from activist investor Elliott Management. The company said its board has approved a plan to return $3.4 billion to shareholders over the...

  • Feb 8- IT services provider Cognizant Technology Solutions Corp agreed to appoint three new directors and return $3.4 billion to shareholders, bowing to pressure from activist investor Elliott Management. Cognizant's shares were up about 3 percent at $55.50 in premarket trading on Wednesday. Cognizant said its board has approved a plan to return $3.4...

  • Feb 8- IT services provider Cognizant Technology Solutions Corp, bowing to pressure from activist investor Elliott Management, agreed to appoint three directors and return $3.4 billion to shareholders. Cognizant said it's board has approved a plan to return $3.4 billion to shareholders over the next two years through share buybacks and dividend.

  • Feb 8- IT services provider Cognizant Technology Solutions Corp said on Wednesday it named three directors to its board in a deal with activist shareholder Elliott Management. Elliott disclosed a more than 4 percent stake in Cognizant in November and had urged the IT services provider to take steps to boost shareholder value. The company also said...

  • SAN FRANCISCO, Feb 1- Shares of Indian technology companies deepened losses on Wednesday as investors worried U.S. A bill introduced on Jan. 24 by Congresswoman Zoe Lofgren, a Democrat from California, would double the minimum salary required for holders of H-1B visas to $130,000, which is more than many currently make. White House Press Secretary Sean Spicer...

  • Jan 27- Harris Corp, whose technology is used by the U.S. defense, said it would sell its government IT services business to an affiliate of private equity investment firm Veritas Capital for $690 million in cash to focus on its other businesses. It supports NASA's space communications network and deep space network programs. In November, Harris sold CapRock...

  • Jan 27- Harris Corp, whose technology is used by the U.S. defense, said it would sell its government IT services business to an affiliate of private equity investment firm Veritas Capital for $690 million in cash.

  • MUMBAI, Jan 15- Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.. Indeed, for Tata Sons, promoting one-time Tata intern Chandrasekaran to chairman of the $100 billion...

  • *Tata Group remains embroiled in legal battle with Mistry. Chandrasekaran, 53, currently chief executive of IT outsourcing giant Tata Consultancy Services, India's most-valuable company with a market capitalisation of $67 billion, will take over as Tata Sons executive chairman on Feb. 21, according to a company statement. Tata Sons, the holding company in a...

  • EDINBURGH, Dec 8- Outsourcing group Capita announced the sale of its asset management services arm alongside a second profit warning in three months on Thursday, exposing flaws in its strategy made worse by the Brexit vote and sending its share price crashing. That in turn was a result of a slowdown in new orders coming through as new customers hesitate to commit...

  • Roper said it expected Deltek to generate $535 million in revenue and add $80 million to its cash flow in 2017.. Reuters had reported in July that Thoma Bravo was exploring a sale of Deltek. Thoma Bravo took Deltek private in an all-cash deal valued at $1.1 billion in 2012..

  • Nov 28- Activist investor Elliott Management Corp disclosed a stake of "more than 4 percent" in Cognizant Technology Solutions and urged the IT services provider to consider shaking up its board as one of several steps to boost shareholder value. "We believe that Cognizant can achieve a value of $80- $90+ per share by the end of 2017, representing upside of 50-69...