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  • The company said it expects second quarter revenue between $3.34 billion- $3.40 billion and adjusted earnings between $0.80- $0.82. Analysts on an average had expected a profit of 84 cents per share and revenue of $3.41 billion, according to Thomson Reuters I/B/E/S. The company's net income rose to $441.2 million, or 72 cents per share, in the first quarter ended...

  • May 6- IT services provider Cognizant Technology Solutions Corp reported a 10 percent rise in revenue, helped by higher demand for its digital services. The company's net income rose to $441.2 million, or 72 cents per share, in the first quarter ended March 31, from $382.9 million or 62 cents per share, a year earlier. Revenue rose to $3.20 billion from $2.91 billion.

  • *Sees Q1 IT services revenues $1.90 bln- $1.94 bln. Abidali Neemuchwala, who took over the reins at India's third-largest software services exporter in February, told a post-earnings press conference that the company plans to boost revenue to $15 billion by fiscal 2020, from $7.7 billion in the 2015-16 financial year. Wipro reported a 1.6 percent drop in net...

  • *Sees Q1 IT services revenues $1.90- $1.94 billion. MUMBAI, April 20- Wipro Ltd, India's third-largest software services exporter, reported a larger-than-expected decline in fourth-quarter profit on weakness in its financial and healthcare services business and declining margins. For the current quarter, Wipro said it expected revenue at its IT services...

  • MUMBAI, April 4- Blackstone Group is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard Enterprise Co in an up to $1.1 billion deal, in the U.S. asset manager's single-biggest investment in India. In December, Blackstone announced the purchase of a minority stake in India's IBS Software for $170 million.

  • MUMBAI, April 4- Blackstone Group LP is buying Indian IT outsourcing services provider MphasiS Ltd from Hewlett Packard Enterprise Co, in a deal that could cost the U.S. asset manager up to $1.1 billion and be its biggest in the country. In December, Blackstone announced the purchase of a minority stake in India's IBS Software for $170 million.

  • MUMBAI, April 4- Blackstone Group LP has agreed to buy a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard Enterprise Co, in a deal that will cost up to $1.1 billion. Blackstone will pay 430 rupees per share for 84 percent of HP Enterprise Co's 60.5 percent stake in Mphasis, HPE said in a statement. Depending on the response to...

  • March 27- Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of data...

  • March 27- Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of...

  • March 24- Accenture Plc raised its full-year net revenue forecast well above analysts' expectations and reported better-than-expected quarterly revenue and profit, led by strong growth in its consulting business, especially in North America. Accenture, which is incorporated in Ireland but run out of Chicago, said on Thursday it now expected full-year net...

  • LONDON, Feb 18- European equities fell back after climbing to a two-week high on Thursday, as support from gains in tech shares was counteracted by a decline in commodity related stocks in the energy and mining sectors. The pan-European FTSEurofirst 300 index was 0.1 percent lower at 1,293.92 points by the close, having touched 1,304.97 points earlier in the...

  • LONDON, Feb 18- European equities climbed to a two-week high on Thursday, helped by gains in the tech shares, although the overall earnings picture remained weak and a decline by mining stocks put pressure on the market. The pan-European FTSEurofirst 300 index was 0.5 percent higher at 1,306.37 points by 1125 GMT, touching its highest level since Feb. 4.

  • LONDON, Feb 18- European equities slipped after climbing to a two-week high earlier on Thursday, with some disappointing company results and weaker miners putting pressure on the market. The pan-European FTSEurofirst 300 index was 0.5 percent lower at 1,288.74 points by 0851 GMT after rising to 1,298.16, its highest level since Feb. 5. Profit margins are under...

  • LONDON, Feb 18- European equities edged lower in early trading on Thursday after climbing to a two-week high earlier in the session, with some disappointing company results putting pressure on the market. The pan-European FTSEurofirst 300 index was 0.1 percent lower at 1,294.42 points by 0815 GMT after initially rising to 1,298.16 points, its highest level...

  • *Sees Q1 revenue $3.18 bln- $3.24 bln vs est $3.32 bln. New Jersey- based Cognizant said it expects adjusted profit of between 78- 80 cents per share and revenue of $3.18 billion- $3.24 billion for the three months ending March. Analysts on average were expecting a profit of 81 cents per share and revenue of $3.32 billion for the first quarter, according to Thomson...

  • Feb 8- IT services provider Cognizant Technology Solutions Corp reported a 17.9 percent rise in quarterly revenue, boosted by higher-spending healthcare and financial sector clients in North America. The company's net income rose to $423.4 million, or 69 cents per share, in the fourth quarter ended Dec. 31, from $362.9 million, or 59 cents per share, a year earlier.

  • *Export sales seen growing 12.3 pct in FY16 to $108 billion. MUMBAI, Feb 4- Indian IT services exports are likely to grow at a slower pace next fiscal year than in the recent past as global clients rein in technology spending, an industry lobby group said on Thursday. India's IT and software services export revenue is likely to grow by 10-12 percent in the fiscal year...

  • Top tech fund's manager on stock picks

    Fidelity Select IT Services Portfolio manager Kyle Weaver, explains his fund's tech strategy.

  • Members of the police Special Action Force (SAF) walk in front of signage for the Asia-Pacific Economic Cooperation (APEC) summit after a drill simulating a Paris-like attack at the venue of the summit in Manila on November 14, 2015.

    APEC kicked off its annual meeting with plans to think small, including finding ways to ensure small businesses benefit from trade deals.

  • Amadeus beats growth forecasts

    Ana de Pro, CFO of Amadeus, which provides IT services and ticket booking systems to companies, says several airlines have renewed contracts with the company, helping to boost its financial results.