The company sold at least 84 percent of its 60.5 percent stake in Indian IT services provider Mphasis Ltd to Blackstone Group for $1.1 billion in April. HPE, which houses the former Hewlett-Packard Co's corporate hardware and services division, said the merger of the two businesses is expected to produce cost synergies of about $1 billion in the first year... » Read More
*CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.
Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence per share represents a premium of about 72 percent to Xchanging's closing price on Oct. 2, the day before the...
Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, ending a bidding war for the provider of services to the insurance industry.
CHENNAI, India, Dec 5- India deployed hundreds of extra soldiers and relief workers to the flooded city of Chennai on Saturday, as criticism mounted that the government has been slow to respond to the heaviest rains in a century. Chennai has boomed as a centre for vehicle factories and IT outsourcing, but trash-filled drains and building on lake beds in the rush to...
CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused widespread flooding across the southern Indian state of Tamil Nadu, driving thousands of people from their homes, shutting down factories and paralysing the airport in the state capital Chennai. India's fourth-largest city is a major auto manufacturing and IT outsourcing hub for companies...
APEC kicked off its annual meeting with plans to think small, including finding ways to ensure small businesses benefit from trade deals.
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, which helps businesses manage credit-card and gift card payments, filed for initial public offering with the SEC.
CNBC's Josh Lipton provides insight to the Dell-EMC deal, and why investors should keep an eye on NetApp and Teradata.
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.
Dmitry Loschinin, CEO of Luxoft, talks about the complexity of managing data and how his company helps businesses upgrade their IT and software structures.
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.
Saurabh Mukherjea, CEO of Ambit Institutional Equities, outlines his bearish scenario but he does expect some upside from China's stock rout.
Oracle is growing its cloud business by unveiling a new endeavor.
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.
The CNBC Crowdfinance Services Index represents private service industry companies raising the most capital through equity crowdfunding.
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.
Xerox has agreed to sell its IT outsourcing unit to Atos for $1.05 billion. Michel-Alain Proch, CFO of Atos, describes it as a "new strategy collaboration."
Mark Gibbs, President, Greater China at German software giant SAP remains positive on the Chinese economy and discusses the firm's growth plan in the region.