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Information Technology IT Services

  • President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs. Two senior Trump administration officials who briefed reporters at the White House said Trump will also use the "buy American and hire...

  • SAN FRANCISCO, March 6- Technology services company shares dipped on Monday after the Trump administration announced it would temporarily suspend expedited applications for H-1B visas widely used by foreign tech workers. New York- based Cognizant Technology Solutions Corp dipped 1.7 percent. "The longer time it takes, the longer the regulators and...

  • BENGALURU, March 6- Tech Mahindra Ltd, India's fourth biggest software services exporter, will buy U.S.-based healthcare IT consulting firm CJS Solutions Group for an enterprise value of $110 million. India's $150 billion information technology industry uses H-1B visas to fly engineers and developers to the United States to provide services to clients.

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • *Germany shows first profit growth for years. BONN, Germany, March 2- Deutsche Telekom forecast its core profit growth would halve this year as earnings engine T-Mobile US slows, strengthening the case for a U.S. mobile merger that Deutsche Telekom has long desired. Shares in Deutsche Telekom, Europe's biggest telecoms operator by revenue and market value, were...

  • SAN FRANCISCO, Feb 28- The University of California, San Francisco on Tuesday laid off 49 information technology employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The University of California system, which includes health care and research-focused UCSF, has been...

  • NEW DELHI, Feb 24- India has stepped up its lobbying effort against moves in the U. S. Congress to impose curbs on visas for skilled workers that threaten the South Asian nation's tech sector, which employs more than 3.5 million people. Speaking to Reuters, Trade Minister Nirmala Sitharaman said New Delhi had reached out to the administration of President Donald...

  • NEW DELHI, Feb 21- Prime Minister Narendra Modi urged the United States on Tuesday to keep an open mind on admitting skilled Indian workers, in comments that pushed back against Republican President Donald Trump's "America First" rhetoric on jobs. Modi's comments reflected concern that India's $150 billion IT services industry would suffer if the United...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 "highly skilled" new jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. Major IT service companies, particularly those based in India, fly engineers to the United States using H-1B visas to service clients, but some...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. The company is domiciled in Dublin, Ireland, while a large chunk of its more than 394,000 employees are in India. Major IT service companies, particularly those based in...

  • Feb 17- Accenture Plc said on Friday it would create 15,000 jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. The company is domiciled in Dublin, Ireland, but a majority of its more than 380,000 employees are in India. Major IT service companies, particularly those based in India,...

  • 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.