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  • Capita sees organic growth accelerating in 2016 Wednesday, 29 Jul 2015 | 2:16 AM ET

    LONDON, July 29- British outsourcing group Capita said it expected organic revenue growth to accelerate in 2016 after it posted an 11 percent rise in first-half pretax profit and secured 1.6 billion pounds of major contract wins. Capita, which runs services from the Ministry of Defence pension scheme to police radio systems, said pretax profit for the six...

  • MUMBAI, July 8- India's IT outsourcing firms are betting on U.S. The United States is the biggest market for the outsourcing industry, which is dominated by Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd.. "In terms of technology maturity, other sectors like manufacturing, banking, are a lot more mature than healthcare," said Rajib Bhattacharya, head of a...

  • June 25- Accenture Plc raised its full-year revenue forecast for the third time, reflecting continued strong demand for the company's consulting and outsourcing services. Accenture raised its full-year revenue growth forecast to 9-10 percent on a local currency basis. New York- based Accenture's rivals include India's Infosys Ltd and Tata Consultancy...

  • Accenture reports slight increase in revenue Thursday, 25 Jun 2015 | 7:20 AM ET

    June 25- Consulting and outsourcing company Accenture Plc reported a 0.4 percent rise in third-quarter revenue, helped by growth in its North American businesses. Net income fell to $1.24 per share in the three months ended May 31, from $1.26 per share a year earlier. Net revenue increased to $7.77 billion from $7.74 billion.

  • Taiwan stocks up; tech, Hon Hai family companies rise Wednesday, 24 Jun 2015 | 9:50 PM ET

    TAIPEI, June 25- Taiwan stocks rose on Thursday, boosted by a strong showing by the island's key tech sector and companies related to world's No.1 contract electronics manufacturer Hon Hai Precision Industry Co Ltd.. Flat panel maker Innolux Corp and fellow contract manufacturer Foxconn Technology Co Ltd, both of which are partially owned by Hon Hai or its...

  • India IT giants revamp culture to battle startups Wednesday, 17 Jun 2015 | 8:46 PM ET

    Indian IT giants have struggled to keep pace with start-ups and now find themselves seeking more flexible structures.

  • LOS ANGELES, June 10- One of the largest companies to manufacture solar panels in the United States uses a surprising resource to keep costs low and compete against producers from China: prison labor. Suniva Inc, a Georgia- based solar cell and panel maker that is backed by Goldman Sachs Group Inc, farms out a small portion of its manufacturing to federal inmates as...

  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • SAO PAULO, May 7- Cetip SA Mercados Organizados, Latin America's largest securities depositary and clearinghouse, reported first-quarter profit rose 2.7 percent on Thursday, beating estimates, as expenses and taxes fell sharply. The results underscore Cetip's resilience as Brazil grapples with a severe economic downturn, the steepest in over two decades.

  • MUMBAI, April 9- An Indian court on Thursday held the founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud, local television channels reported. The court is yet to announce the quantum of punishment in the case, the TV channels reported.

  • SAO PAULO, March 31- Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, chief executive of the company, officially Petroleo Brasileiro SA, told a recent board meeting that...

  • March 26- Consulting and outsourcing company Accenture Plc raised its full-year revenue growth forecast for the second time as it won more business, mainly in its outsourcing unit, from companies looking to cut costs. Accenture's shares rose 3 percent in premarket trading on Thursday. Accenture, which gets a little more than half of its revenue from outside...

  • Outsourcing company Accenture's revenue rises 5 pct Thursday, 26 Mar 2015 | 7:12 AM ET

    March 26- Consulting and outsourcing company Accenture Plc's quarterly net revenue rose 5 percent, helped by growth in its outsourcing business as North American companies look to cut costs. Accenture's net income rose to $743.2 million, or $1.08 per share, from $722.3 million, or $1.03 per share, a year earlier. Net revenue rose to $7.49 billion from $7.13...

  • *Tencent joins Alibaba, Baidu in car ventures. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding...

  • MANILA/ JAKARTA, March 17- Nearly $40 billion a year piles into the Philippines, thanks to work its citizens do abroad or for outsourcing firms, but the windfall also brings pain through an overvalued currency and the risk of catching the "Dutch disease." In the Philippines, inflows from outsourcing contracts and millions of citizens working overseas lift incomes...

  • LONDON, March 12- British outsourcing firm Serco on Thursday launched a 555 million pounds rights issue after a spectacular profit collapse and said it was unlikely to return to sales growth for another three years. Serco's shares fell as much as 16 percent as analysts' hopes for a smaller cash call were dashed and the company's more cautious outlook beyond 2015...

  • LONDON, March 12- British outsourcing firm Serco kicked off a 555 million pound rights issue on Thursday and said it was unlikely to return to growth for another three years, as it reported a spectacular collapse in profits. Shares in Serco fell 15 percent in early trade to 175 pence. "There is a real sense that, having confessed our sins and in taking the punishment, we...

  • Serco profits collapse, kicks off rights issue Thursday, 12 Mar 2015 | 3:24 AM ET

    LONDON, March 12- Serco kicked off a 555 million pound rights issue on Thursday and said it had the right plan in place to turn the embattled British outsourcing firm around after a spectacular collapse in profits and reputation. Guidance for 2015 profit was maintained, although Serco scrapped the dividend and added it would not now comment on prospects for 2016...

  • FRANKFURT, Feb 24- Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard in a multibillion-dollar deal that leaves the group's retail operations untouched. The HP deal will allow the bank to reduce costs and launch new products and services more quickly, Deutsche Bank Chief Operating Officer...

  • *Mitie eyes up to 10 pct healthcare revenue growth. LONDON, Feb 19- Sitting on a plush sofa in a cheery room in a modern apartment block set in the leafy surroundings of a former British military academy, 72- year-old Gloria Lafferty is looking forward to a traditional British meal of fish and chips with her family. But the involvement of the private sector in...