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Information Technology IT Services

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  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • Will Intel make an offer for Micron? Wednesday, 15 Jul 2015 | 6:33 PM ET
    Will Intel make an offer for Micron?

    After Intel discussed M&A moves in the semiconductor sector on Wednesday, Abhinav Davuluri, Equity Analyst at Morningstar, explains why he doesn't think it will make a move on Micron.

  • 5-10% correction coming for India stocks? Sunday, 12 Jul 2015 | 11:44 PM ET
    5-10% correction coming for India stocks?

    Saurabh Mukherjea, CEO of Ambit Institutional Equities, outlines his bearish scenario but he does expect some upside from China's stock rout.

  • Fairfax, Virginia- based SRA, is owned by private equity firm Providence Equity Partners and provides IT and other services to various federal organizations, including defense intelligence agencies. SRA's revenue fell 8 percent to $1.39 billion in the fiscal year ended June 2014, although its losses narrowed to $24.1 million from $317.3 million a year...

  • Federal IT services provider SRA files for U.S. IPO Wednesday, 8 Jul 2015 | 6:27 AM ET

    July 8- SRA Cos Inc, which provides IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Citigroup and Merrill Lynch, Pierce, Fenner& Smith are the underwriters to the IPO, the company said in a filing with the U.S. Securities and Exchange Commission. The Fairfax, Virginia- based company provides IT...

  • MUMBAI, July 8- India's IT outsourcing firms are betting on U.S. The United States is the biggest market for the outsourcing industry, which is dominated by Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd.. "In terms of technology maturity, other sectors like manufacturing, banking, are a lot more mature than healthcare," said Rajib Bhattacharya, head of a...

  • The cloud war heats up with Oracle news Monday, 29 Jun 2015 | 9:00 AM ET
    The cloud war heats up with Oracle news

    Oracle is growing its cloud business by unveiling a new endeavor.

  • Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...

  • TORONTO, June 12- BlackBerry Ltd's move to embrace Android may be aimed at lifting revenue from its software and device management segment, but analysts say it may inadvertently give its device arm a fillip and a new lease on life. It really doesn't hurt them much, and the upside is high, "said Rob Enderle, who runs technology consulting firm Enderle Group.

  • May 14- Technology consulting services provider Computer Sciences Corp is planning to separate its government business from its commercial information technology division, people familiar with the matter said on Thursday. The company's shares were up 4 percent at $67.18 in afternoon trading in New York, after earlier jumping as much as 7.1 percent.

  • May 14- Technology consulting services provider Computer Sciences Corp is planning to separate its government business from its commercial information technology division, people familiar with the matter said on Thursday. An announcement on CSC's plans could come as early as next week, when the company announces its fiscal 2015 earnings on May 19, the...

  • Computer Science Corp sues former executive Tuesday, 12 May 2015 | 6:03 PM ET

    May 12- IT services provider Computer Science Corp on Monday sued the former chief executive of a company it bought in 2013 for breaching its code of business conduct. The lawsuit against Eric Pulier was regarding unauthorized payments he made to two executives of Commonwealth Bank of Australia, a CSC client, shortly after receiving tens of millions of dollars...

  • *Total revenue $2.91 bln vs est. May 4- Cognizant Technology Solutions Corp expects its healthcare business to drive growth this year, helped by its acquisition of healthcare IT services provider TriZetto Corp and the implementation of the U.S. Barclays analyst Darrin Peller said companies that have more exposure to healthcare and financial industries, and...

  • Here's how we're monetizing Watson: IBM's Rometty Monday, 4 May 2015 | 6:19 AM ET
    Virginia Rometty, Chairman, President and CEO of IBM.

    IBM is already making money on its Watson super computer in areas like health care, but profitability is a long term project, Gina Rometty tells CNBC.

  • REUTERS BUSINESS NEW SCHEDULE AT 1830 GMT/2:30 PM ET Monday, 27 Apr 2015 | 2:38 PM ET

    Apple Inc is expected to report a 20 percent increase in quarterly profit and that iPhone sales in China surpassed those in the United States for the first time., expect by 1930 GMT/ 4:30 PM ET, by Bill Rigby, 200 words). -BARRICK GOLD-RESULTS/, expect by expect by 1930 GMT/ 4:30 PM ET, 200 words). U.S. stocks move lower as healthcare stocks led by Amgen drag on the three major...

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall.

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- French IT services company Cap Gemini plans to buy U.S.-based rival IGATE Corp for $4 billion, in a deal that makes North America its biggest market and hands IGATE's founders a $1 billion windfall.

  • PARIS, April 27- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. Cap Gemini, the market capitalisation of which was about 13 billion euros at the close of business on Friday, said it...

  • April 20- International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. IBM's revenue has been shrinking for three years now as the company sheds low-profit businesses such as cash registers, low-end servers and...