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Information Technology IT Services

  • *Q1 operating loss 12.3 bln SEK vs forecast 12 bln. LONDON/ STOCKHOLM, April 25- Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday. The Swedish company, which is seeking to reposition the business for growth under new...

  • BLUE BELL, Pa.— Shares in Unisys Corp. surged on Monday after its adjusted quarterly earnings topped Wall Street expectations. The information technology service provider reported a loss of $32.7 million, or 65 cents a share, in its first quarter. Unisys expects full-year revenue in the range of $2.65 billion to $2.75 billion.

  • MUMBAI, April 21- For Grishma, an Indian software designer, President Donald Trump's review of the visa programme for bringing highly skilled workers into the United States comes at a bad time. Fresh from gaining a master's degree in Europe, and with an offer of employment from a well-known U.S. design firm, she was well on her way to fulfilling the ambition of many...

  • *India- based outsourcing firms could be hit if program changes. *Silicon Valley makes heavy use of foreign STEM workers. KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice that possible changes may be ahead. Seeking to carry out a campaign pledge to put " America First," Trump signed an executive...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." He will also use what the White House called the "Buy American and Hire American" order to seek changes...

  • WASHINGTON, April 18- President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." He will also use what the White House called the "Buy American and Hire American" order to seek changes...

  • President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs. Two senior Trump administration officials who briefed reporters at the White House said Trump will also use the "buy American and hire...

  • SAN FRANCISCO, March 6- Technology services company shares dipped on Monday after the Trump administration announced it would temporarily suspend expedited applications for H-1B visas widely used by foreign tech workers. New York- based Cognizant Technology Solutions Corp dipped 1.7 percent. "The longer time it takes, the longer the regulators and...

  • BENGALURU, March 6- Tech Mahindra Ltd, India's fourth biggest software services exporter, will buy U.S.-based healthcare IT consulting firm CJS Solutions Group for an enterprise value of $110 million. India's $150 billion information technology industry uses H-1B visas to fly engineers and developers to the United States to provide services to clients.

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • *Germany shows first profit growth for years. BONN, Germany, March 2- Deutsche Telekom forecast its core profit growth would halve this year as earnings engine T-Mobile US slows, strengthening the case for a U.S. mobile merger that Deutsche Telekom has long desired. Shares in Deutsche Telekom, Europe's biggest telecoms operator by revenue and market value, were...

  • 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...

  • 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....