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India IT exports picking up steam
Feb 12, 2013 13:54 EST
Exports by India's flagship IT outsourcing industry are set to grow by 12 to 14 percent in the next financial year, an industry group said on Tuesday, suggesting signs of recovery.
Global Internet hit 2012 speed bump: study
Jan 23, 2013 11:11 EST
Global Internet connection speeds around the world slowed in late 2012, according to a survey released Wednesday that suggested a temporary stall in broadband gains.
Ericsson to buy IT arm of France's Devoteam
Jan 21, 2013 13:34 EST
Swedish telecommunications equipment maker Ericsson said Monday it would buy the telecom and media unit of French technology consultant Devoteam.
India's Wipro profits up 18%, beating forecasts
Jan 18, 2013 03:14 EST
India's third-largest software firm Wipro said on Friday that net profit in the third quarter rose a surprise 18 percent, thanks to new outsourcing orders despite global uncertainty.
Shares in Indian outsourcer Infosys soar on outlook
Jan 11, 2013 01:35 EST
Indian IT outsourcer Infosys on Friday reported a stronger-than-expected quarterly profit and gave an improved outlook for annual revenues, sending its shares soaring.
India's outsourcer Infosys Q3 profit beats estimates
Jan 11, 2013 00:51 EST
Indian IT outsourcer Infosys on Friday reported flat profit growth in the three months to December, beating estimates, and gave an improved outlook for annual revenues, which sent its shares soaring.
India's Infosys denies reports of 5,000 job cuts
Jan 04, 2013 06:59 EST
Indian software outsourcing giant Infosys said Friday it was weeding out under-performing staff and would be asking some to leave, but denied a media report saying 5,000 workers were to be sacked.
India's Infosys plans to cut 'up to 5,000 jobs'
Jan 04, 2013 03:39 EST
India's second-largest software outsourcer Infosys is planning to cut up to 5,000 jobs, a report said on Friday, as it seeks to reduce costs in a tough business environment.
India's Wipro profits up 24%, beating forecasts
Nov 02, 2012 11:47 EDT
Wipro, India's third-largest outsourcing firm, reported Friday quarterly net profit jumped by a surprise 24 percent on stronger demand as clients sought to pare costs in a weak global economy.
India's Wipro demerges non-IT businesses
Nov 01, 2012 13:23 EDT
Indian outsourcing giant Wipro on Thursday announced that all its non-technology operations would be separated into a new firm, allowing it to focus on its core information technology business.
India's TCS says profit jumps 44%, beats estimates
Oct 19, 2012 12:42 EDT
India's biggest software exporter TCS said Friday its quarterly net profit jumped 44 percent, beating estimates, as outsourcing orders rose despite economic troubles in the firm's major markets.
India's outsourcer Infosys results disappoint
Oct 12, 2012 12:53 EDT
Indian IT outsourcer Infosys's shares plunged more than eight percent on Friday on investor disappointment with the company's lower-than-projected revenue even though its quarterly profit jumped 24 percent.
India's outsourcer Infosys reports profits rise
Oct 12, 2012 02:10 EDT
Indian IT outsourcer Infosys said Friday net profit rose 24.3 percent in the three months to September, but warned of uncertainties for the industry in the face of slowing global economic growth.
India's Infosys pays $350 mn for Swiss consultancy
Sep 10, 2012 06:06 EDT
Indian IT outsourcing giant Infosys said Monday it had agreed to buy Zurich-based consulting firm Lodestone for $350 million as part of its strategy to move into higher value services.
India's Infosys pays $350m for Swiss consultancy
Sep 10, 2012 02:44 EDT
Indian IT outsourcing giant Infosys said Monday it had agreed to buy Zurich-based consulting firm Lodestone for 330 million Swiss francs ($350 million).
KPN eyes 200 mn euros in savings on Tech Mahindra deal
Sep 05, 2012 06:28 EDT
Dutch telecoms operator KPN said Wednesday it has signed a partnership deal with Indian IT group Tech Mahindra which it hopes would save it 200 million euros ($250 million) over five years.
India's Satyam quarterly profit jumps 56%
Aug 02, 2012 12:08 EDT
Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit rose 56 percent year-on-year, beating forecasts as orders climbed.
India software group Wipro's net profits up 18%
Jul 24, 2012 07:06 EDT
India's third-largest software firm Wipro on Tuesday said net profit climbed 18 percent in the fiscal first quarter but said the global outlook remained uncertain after it gave a muted revenue outlook.
India's Wipro Q1 net profit up 18%, forecasts weak outlook
Jul 24, 2012 03:51 EDT
India's third-largest software firm Wipro on Tuesday said net profit climbed 18 percent in the fiscal first quarter but its shares tumbled after it gave a muted revenue outlook.
India's Wipro Q1 net profit up 18%, meets forecasts
Jul 24, 2012 01:14 EDT
India's third-largest software firm Wipro on Tuesday said its first-quarter net profits rose 18 percent, broadly in line with market forecasts amid persistent global economic uncertainties.
