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Information Technology IT Services

  • 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...

  • Nov 28- Activist investor Elliott Management Corp disclosed a more than 4 percent stake in Cognizant Technology Solutions and urged the IT services provider to take 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 percent in just over a year," Elliott Senior...

  • Garment factory workers in Mumbai, Maharashtra in India.

    Tradeshift, the "social network for invoicing," sees serious potential in India's small business sector, CEO Christian Lanng told CNBC.

  • 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.

  • 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

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