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Information Technology IT Services

  • The company said it expected current-quarter revenue to be between $3.73 billion to $3.78 billion, largely in line with the average analysts' estimate of $3.76 billion, according to Thomson Reuters I/B/E/S. President Donald Trump, failed last week, after the Senate failed to dismantle the healthcare law. Cognizant's net income rose 86.5 percent to $470...

  • HONG KONG, July 25- HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing- based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said. News of the appointment of Goldman Sachs, a Wall Street stalwart, is a boost for HNA, even if the mandate is...

  • HONG KONG, July 25- HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing- based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said. News of the appointment of Goldman Sachs, a Wall Street stalwart, is a boost for HNA, even without a formal...

  • LONDON/ STOCKHOLM, June 27- Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price. The Swedish firm's clients in its core business include Vodafone and Verizon but profits have plunged due to competition from...

  • Bengaluru, June 24- Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting," the company's chairman said on Saturday. Infosys Chief Executive Officer Vishal Sikka had said earlier that the IT services company was likely to struggle to reach its...

  • MUMBAI, June 23- An internal investigation by India's Infosys into alleged improprieties related to two acquisitions by the IT services company found no evidence of wrongdoing, it said on Friday. Those accusations included improprieties in the acquisitions of Panaya, a New Jersey- based automation technology provider, and Silicon Valley start-up Skava, as...

  • MUMBAI, June 23- An internal investigation by India's Infosys into alleged improprieties related to two acquisitions by the IT services company found no evidence of wrongdoing, it said on Friday. Those accusations included improprieties in the acquisitions of Panaya, a New Jersey- based automation technology provider, and Silicon Valley start-up Skava, as...

  • June 22- Accenture Plc trimmed its annual revenue forecast on Thursday, triggering concerns that uncertainty around U.S. healthcare policy may be weighing on the company's flagship consulting business. Shares of the Dublin- domiciled company, which also provides outsourcing services, were down 4.7 percent at $121.17 in morning trading.

  • *Modi to meet Trump in Washington on June 26. *Trump investigating trade deficit with India. Modi will meet Trump in Washington on June 26.

  • WASHINGTON, June 19- Major U.S. technology company chief executives sat down with White House senior adviser Jared Kushner and other top Trump administration officials on Monday before meeting with the president on cutting government waste and improving information technology services. The White House has enlisted tech CEOs to improve government...

  • President Donald Trump will meet with the chief executives of technology companies including Apple Inc and Amazon.com Inc on Monday as the White House looks to the private sector for help in cutting government waste and improving information technology services. White House senior adviser Jared Kushner, who is Trump's son-in-law, said before the opening...

  • LONDON, June 13- British outsourcing group Capita said it expects to improve its profitability and secure more contract wins this year, sending its shares sharply higher as it recovers from a string of profit warnings and the departure of its CEO. Both are seen as key to future performance after the company was hit by clients delaying major deals in the wake of...

  • LONDON, June 13- Britain's troubled outsourcing group Capita said it hoped to improve its profitability and secure more contract wins in the second half of 2017 as it slowly rebuilds from a string of profit warnings. Capita, which specializes in providing IT-enabled business services to banks and investors, the National Health Service, retailers and...

  • MUMBAI, May 4- Infosys said its plans to hire thousands of workers in the United States would enable faster deployment of staff in areas such as big data and cloud, dismissing concerns about additional labour costs. The Indian IT services firm said on Tuesday it aims to hire 10,000 U.S. staff over the next two years and open four technology centres in the United...

  • *Plans to open 4 U.S. tech centres, starting with Indiana in Aug. SAN FRANCISCO/ MUMBAI, May 2- India- based IT services firm Infosys Ltd said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home state of U.S. In a telephone interview with Reuters from Indiana,...

  • *Q1 operating loss 12.3 bln SEK vs forecast 12 bln. LONDON/ STOCKHOLM, April 25- Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday. The Swedish company, which is seeking to reposition the business for growth under new...

  • MUMBAI, April 21- For Grishma, an Indian software designer, President Donald Trump's review of the visa programme for bringing highly skilled workers into the United States comes at a bad time. Fresh from gaining a master's degree in Europe, and with an offer of employment from a well-known U.S. design firm, she was well on her way to fulfilling the ambition of many...

  • *India- based outsourcing firms could be hit if program changes. *Silicon Valley makes heavy use of foreign STEM workers. KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice that possible changes may be ahead. Seeking to carry out a campaign pledge to put " America First," Trump signed an executive...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." He will also use what the White House called the "Buy American and Hire American" order to seek changes...