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Information Technology IT Services

  • *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...

  • BENGALURU, Nov 28- Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there. President-elect Trump's campaign rhetoric, and his pick for Attorney General of Senator Jeff...

  • 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, although shares of some companies rebounded in afternoon trading. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant Korean Airlines, fell as much as 5...

  • 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...

  • 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.