It Services

  • TCS secondquarter profit rises 34 per cent October 15, 2013

    Bangalore: Tata Consultancy Services, India's largest provider of information technology services, said quarterly profit rose 34 per cent, beating analyst estimates, as the industry benefited from a record haul of new contracts. TCS and rivals such as Infosys Ltd and International Business Machines Corp won $6 billion of contracts, according to...
  • No point spoonfeeding the investor: S Mahalingam February 13, 2013

    Seturaman Mahalingam Age: 65 Education: Chartered Accountant Last Position: Chief financial officer, TCS Career: Managed key functions, including marketing, operations, human resources Interests: Reading, travelling, golf Q: You have spent 42 years in one company. Such long stints are hard to see these days. A: When I joined TCS, there were just 25 consulting staff. We...
  • Nielsen boosts TCS contract to $2.5 billion February 12, 2013

    Mumbai: Nielsen Holdings NV, best known for its TV ratings, increased the size of its contract with India's top software services exporter, Tata Consultancy Services Ltd (TCS.NS), to $2.5 billion from $1 billion. The expanded contract, among TCS's largest, comes at a time when there are expectations that India's $100...
  • Wipro shares fall after muted sales forecast July 24, 2012

    Mumbai: Wipro Ltd shares fell 1 per cent on Tuesday after India's number 3 software services exporter forecast subdued IT services sales for the current quarter. Wipro said earlier consolidated net profit rose to Rs 15.80 billion for the fiscal first quarter ended June 30 from Rs 13.35 billion a year...
  • Wipro Q1 consolidated net profit up 6.7 pc July 24, 2012

    Mumbai: Software services exporter Wipro's IT services revenues grew higher than expected by 9.54 per cent quarteronquarter to Rs 8,314 crore for the quarter ended June 2012. IT services EBIT too increased better than expected by 10.87 per cent QoQ to Rs 1,744 crore in the first quarter of FY13. Analysts on...
  • Infosys sees fiscal 2013 sales growing 5 pc July 12, 2012

    Infosys Ltd, India's no. 2 IT services exporter, said it expects sales in the fiscal year ending March 2013 to grow by 5 per cent to $7.34 billion, below its estimate in April of 810 per cent growth. The company earlier matched expectations with a 33 per cent rise in its...
  • Tech Mahindra, Mahindra Satyam merge March 21, 2012

    New Delhi: The swap ratio for the merger of Mahindra Satyam with Tech Mahindra has been fixed at 8.5 shares of Satyam for every one share of Tech Mahindra, by the boards of the two companies. The ratio is on expected lines, though some players felt Tech Mahindra shareholders should have...
  • TCS, Mitsubishi to invest $5 mn in IT JV February 8, 2012

    Mumbai: India's biggest software services exporter, Tata Consultancy Services (TCS) and Japanese major Mitsubishi Corporation on Wednesday announced a new joint venture, Nippon TCS Solution Center Ltd for the Japanese market. "The JV will be set up with an initial investment of USD 5 million, which will be raised in a...
  • Infy, Geni to offer IT services in Australasia June 8, 2011

    New Delhi: The country's second largest software exporter Infosys on Wednesday announced a partnership with New Zealandbased Geni to offer IT services like IT consulting, business transformation and cloudbased offerings to Australasian companies. The partnership creates a new market proposition for local businesses by helping them to transform for competitive advantage,...
  • Wipro projects $1.17 bn IT services revenue in Q4 January 20, 2010

    Bangalore: Wipro Ltd on Wednesday projected $1.17 billion revenue from its global IT services business for the fourth quarter (JanMarch) of this fiscal (200910). In a regulatory filing, the IT bellwether said despite flat IT budgets, revenue from IT services business for this quarter (Q4) would be in the range...
  • Forbes India: Body shopping at Accenture July 23, 2009

    W e are not only playing good defense, we are playing offense Bill Green, Chairman and CEO of Accenture, June 25, 2009. Greens rugbyspeak should send quavers across Indias software companies, which have nibbled away business from big technology consulting firms such as Accenture and IBM over the past 15...
  • BPO, IT have more potential: Study June 20, 2007

    New Delhi: BPOs have the potential to reduce costs by 2030 per cent, while the IT services companies have the potential to increase EBIT margins by 36 per cent, said a NASSCOM study on Thursday. NASSCOM, the premier trade body and voice of the software and services industry in India, has...
  • House party: UPA gets it from Left December 14, 2006

    New Delhi: Left MPs on Thursday replaced the BJP as the main Opposition voice in both Houses of Parliament. In the Rajya Sabha, the Left parties forced an adjournment as MPs stood up and raised slogans against the Government's economic policies and in the Lok Sabha, the Left and Samajwadi...
  • IT gets a taste of trade unionism December 14, 2006

    New Delhi: Marking an unusual departure in West Bengal's history of trade union strikes, the IT and ITenabled services are being spared from the purview of the general strike called by the Leftaffiliated trade unions even as life came to a standstill in West Bengal, Kerala and some other parts...