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Information Technology IT Services

  • HONG KONG/ SHANGHAI, Nov 9- Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant...

  • *Expects 2016 adj profit $3.38- $3.41/ shr vs est $3.37/ shr. Nov 7- IT services provider Cognizant Technology Solutions Corp said on Monday some senior managers may have participated in or failed to take action to prevent making about $5 million in "potentially improper payments" primarily related to real estate and procurement in India. Cognizant said in...

  • Nov 7- IT services provider Cognizant Technology Solutions Corp said on Monday some senior managers may have participated in or failed to take action to prevent making "potentially improper payments" primarily related to real estate and procurement in India. Cognizant said in September it was conducting an internal investigation into possible violations...

  • Nov 7- IT services provider Cognizant Technology Solutions Corp reported an 8.4 percent rise in quarterly revenue, helped by demand for its cloud services. The company's total revenue rose to $3.45 billion in the third quarter ended Sept. 30 from $3.19 billion a year earlier. Net income rose to $444.4 million, or 73 cents per share, from $397.2 million, or 65 cents...

  • Under Chief Executive Ginni Rometty, the technology services company has shifted toward more profitable areas, such as cloud services, artificial intelligence, analytics, and security while trimming its traditional hardware and services businesses. Revenue from those areas, which the company calls "strategic imperatives," rose 16 percent to $8 billion in...

  • MUMBAI, Oct 13- Indian IT outsourcing group Tata Consultancy Services Ltd said its next two quarters will be better after clients held back on spending in the three months to September. Net profit in the three months ended Sept. 30 rose to 65.86 billion rupees, up from 60.73 billion rupees in the same period last year and ahead of analysts' forecasts of around 62.93...

  • 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.

  • Sept 30- IT services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of U.S. anti-corrupt practices laws related to payments in India, sending its shares tumbling on Friday. The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT...

  • Sept 30- IT services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of U.S. anti-corrupt practices laws related to payments in India, sending its shares tumbling on Friday. Cognizant said the investigation was looking at whether certain payments related to Cognizant facilities in...

  • LONDON, Sept 29- British outsourcing company Capita cut its full-year profit forecast by as much as 13 percent on Thursday, the latest support services firm to warn that Brexit was delaying client decisions, wiping a quarter off its market value. Capita, which employs 75,000 staff in the United Kingdom, Europe, South Africa and India, said its second-half...

  • Sept 1- Hewlett Packard Enterprise Co is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter. Other private equity firms that made offers for the software assets include Vista Equity Partners Management LLC, Carlyle Group LP and TPG Capital LP,...

  • 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.

  • 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.

  • 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.

  • 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?

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