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Information Technology IT Services


  • IT services provider Cognizant's revenue up 23.5 pct Wednesday, 4 Nov 2015 | 6:06 AM ET

    Nov 4- IT services provider Cognizant Technology Solutions Corp reported a 23.5 percent rise in quarterly revenue, helped by strong growth in its businesses that serve the healthcare and financial sectors in North America. Net income rose to $397.2 million, or 65 cents per share, in the third quarter ended Sept. 30, from $355.6 million, or 58 cents per share, a year...

  • Oct 19- International Business Machines Corp reported its 14th consecutive fall in quarterly revenue and also fell short of analysts' estimates, hurt by a strong dollar and the sale of low-margin businesses. IBM is shifting from making hardware to cloud computing and, like established rivals such as Oracle Corp and Microsoft Corp, is striving to boost...

  • Financial services start-up Square files for IPO Wednesday, 14 Oct 2015 | 5:27 PM ET
    Square Reader

    Square, which helps businesses manage credit-card and gift card payments, filed for initial public offering with the SEC.

  • Stocks to watch after EMC-Dell deal Monday, 12 Oct 2015 | 1:01 PM ET
    Stocks to watch after EMC-Dell deal

    CNBC's Josh Lipton provides insight to the Dell-EMC deal, and why investors should keep an eye on NetApp and Teradata.

  • Global IT spending to drop in 2015, but rise in 2016: Gartner SVP

    Peter Sondegaard, senior vice-president and global head of research at Gartner, says the currency appreciation in the dollar has caused IT investment to drop this year.

  • Sept 9- Lockheed Martin Corp, the maker of F-35 fighter jets, said it would cut about 500 jobs in its IT services unit by mid-November. The company, which is buying Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, said it July it would complete a strategic review of the government IT services unit by the end of the year.

  • Lockheed to cut about 500 jobs in IT services unit Wednesday, 9 Sep 2015 | 8:44 AM ET

    Sept 9- Lockheed Martin Corp said it would cut about 500 jobs in its information systems and global solutions business by mid-November.

  • Does software investment signal a return of business confidence?

    Dmitry Loschinin, CEO of Luxoft, talks about the complexity of managing data and how his company helps businesses upgrade their IT and software structures.

  • *Q2 adj. profit 79 cents/ shr vs est 73 cents/ shr. Aug 5- IT services provider Cognizant Technology Solutions Corp reported stronger-than-expected quarterly revenue and profit, as its business that serves the healthcare industry led the company's growth for the third quarter in a row. Like its Indian rivals Tata Consultancy Services, and Infosys Ltd, New Jersey-...

  • Cognizant quarterly revenue rises 22.6 pct Wednesday, 5 Aug 2015 | 6:05 AM ET

    Aug 5- IT services provider Cognizant Technology Solutions Corp reported a 22.6 percent rise in quarterly revenue, helped by higher spending by clients in North America, especially in the healthcare and financial sectors. The company's net income rose to $420.1 million, or 68 cents per share, in the second quarter ended June 30, from $371.9 million, or 61 cents per...

  • MONTREAL/ TORONTO, July 29- CGI Group Inc, the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security while exiting some markets entirely, as it reported third-quarter profit and revenue that missed estimates. The issue with that is that there are not enough of them, "CEO Michael Roach said in an interview...

  • 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...