Seturaman says that TCS chose to be more transparent and keep the investor updated rather than guiding it. ...
04:54 PM, Feb 13, 2013
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 billion IT services sector may be turning a corner helped by acceleration in IT spending by existing customers and addition of...
01:10 PM, Feb 12, 2013
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 earlier, meeting forecasts. Wipro, whose chairman is billionaire Azim Premji, said it expects September-quarter IT services revenue of $1.52...
09:46 AM, Jul 24, 2012
Mumbai: Software services exporter Wipro's IT services revenues grew higher than expected by 9.54 per cent quarter-on-quarter 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 an average had expected IT services revenues at Rs 8,145 crore and IT services EBIT at Rs 1,688...
08:54 AM, Jul 24, 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 8-10 per cent growth. The company earlier matched expectations with a 33 per cent rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee. Analysts...
09:47 AM, Jul 12, 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 phased manner. In this joint venture, TCS Japan has taken 60 percent stake, while the remaining 40 percent will...
05:08 PM, Feb 08, 2012
New Delhi: The country's second largest software exporter Infosys on Wednesday announced a partnership with New Zealand-based Gen-i to offer IT services like IT consulting, business transformation and cloud-based offerings to Australasian companies. The partnership creates a new market proposition for local businesses by helping them to transform for competitive advantage, with new ways to innovate, reduce costs and increase the effectiveness of their people, processes and technology, Infosys said...
03:40 PM, Jun 08, 2011
The guidance is based on its resilient performance in the third quarter. ...
10:21 AM, Jan 20, 2010
Think you haven't seen a game changer in a long time? ...
12:59 PM, Jul 23, 2009
Potential for BPOs to reduce costs by 20-30 per cent and IT services companies to increase EBIT margins by 3-6 per ...
11:36 PM, Feb 01, 2007
Left MPs rallied in front of Parliament in support of a nationwide strike called by Left-affiliated trade unions. ...
01:32 PM, Dec 14, 2006
West Bengal is trying hard to shield IT and IT-enabled services from the purview of the trade union strike. ...
09:07 AM, Dec 14, 2006
