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Computers - Software News

  • HGS to expand operations in Mysuru with 300 new jobs

    HGS to expand operations in Mysuru with 300 new jobs  

    "The centre will add 300 new jobs for customer care support by December, 2016... The new recruits will provide voice-based customer care support in Kannada and English languages," HGS said in a statement.

    27 Jul 2016, 9.34 am  |  Source: PTI

  • NIIT Tech promoters mull strategic sale: Sources

    NIIT Tech promoters mull strategic sale: Sources  

    Sources say that Zensar and Mphasis are two companies that have likely expressed their interest in NIIT Tech. Private equity players may also have shown interest in buying the firm.

    26 Jul 2016, 3.43 pm  |  Source: CNBC-TV18

  • Mphasis` core business will outperform market in FY17: CEO

    Mphasis' core business will outperform market in FY17: CEO   

    In an interview with CNBC-TV18, Ganesh Ayyar, CEO and ED of Mphasis along with CFO, V Suryanarayanan gave future guidance for the company finances and its business plans.

    25 Jul 2016, 12.39 pm  |  Source: CNBC-TV18

  • Optimistic on demand outlook in FY17: Persistent Systems

    Optimistic on demand outlook in FY17: Persistent Systems   

    Persistent Systems reported a 3.6 percent rise in rupee revenue to Rs 701.8 crore while its profit after tax fell 9.3 percent to Rs 73.2 crore. However, the company’s margins contracted by 80 basis points to 15.1 percent in the ...

    25 Jul 2016, 10.31 am  |  Source: CNBC-TV18

  • Persistent Systems Q1 net up 9% to Rs 73 crore

    Persistent Systems Q1 net up 9% to Rs 73 crore  

    Its revenues grew 40.2 percent to Rs 701.77 crore in the quarter under review from Rs 500.41 crore in the April-June 2015 period.

    25 Jul 2016, 8.42 am  |  Source: PTI

  • Mphasis Q1 net profit up 38% to Rs 204 crore

    Mphasis Q1 net profit up 38% to Rs 204 crore  

    The company's income from operations rose 1.5 percent year-on-year to Rs 1,516.6 crore in June quarter.

    25 Jul 2016, 8.42 am  |  Source: PTI

  • Top seven cos add Rs 27,904 crore in market valuation

    Top seven cos add Rs 27,904 crore in market valuation  

    The combined market valuation of seven of the top 10 most valued Indian companies swelled by Rs 27,904 crore last week, with TCS leading the pack.

    24 Jul 2016, 3.30 pm  |  Source: PTI

  • HCL Tech allots 84,000 shares under 2004 Stock Option Plan

    HCL Tech allots 84,000 shares under 2004 Stock Option Plan  

    In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016.

    23 Jul 2016, 1.08 pm  |  Source: PTI

  • Hinduja Ventures Q1 profit up marginally at Rs 24.21 cr

    Hinduja Ventures Q1 profit up marginally at Rs 24.21 cr  

    It had posted a standalone net profit of Rs 23.92 crore in the corresponding quarter last fiscal, Hinduja Ventures Ltd (HVL) said in a statement.

    23 Jul 2016, 12.44 pm  |  Source: PTI

  • Zensar Tech posts flat profit of Rs 76.2 cr for April-June

    Zensar Tech posts flat profit of Rs 76.2 cr for April-June  

    Its revenue grew by 8.2 percent to Rs 762.4 crore in the reported quarter from Rs 704.6 crore in the year-ago period.

    22 Jul 2016, 8.22 am  |  Source: PTI

  • Brexit could delay some discretionary spend: Wipro

    Brexit could delay some discretionary spend: Wipro  

    Stating that 'Brexit' was on "top of the mind" for Wipro, its chief Abidali Z Neemuchwala said the most immediate impact of the development is on currency.

    20 Jul 2016, 7.56 am  |  Source: PTI

  • Margin growth from acquisitions to come in Q3-Q4: Wipro

    Margin growth from acquisitions to come in Q3-Q4: Wipro   

    CEO Abidali Z Neemuchwala said he is hopeful of seeing more demand for the digital business. Senior Vice President and Chief Financial Officer and President & Chief Human Resources Officer also weighed in.

    19 Jul 2016, 10.15 pm  |  Source: CNBC-TV18

  • Wipro confident of doubling turnover by 2020: CEO

    Wipro confident of doubling turnover by 2020: CEO  

    "I am very confident about the company's ambition (of doubling its turnover to USD 15 billion by 2020 because of the existing market opportunity," Wipro CEO Abidali Z Neemucchwala told reporters after announcing financial results ...

    19 Jul 2016, 10.10 pm  |  Source: PTI

  • TCS recognised as leader by Everest Group report

    TCS recognised as leader by Everest Group report  

    TCS was recognised for its investments in next generation solutions across Automation and DevOps, and strong capabilities across the testing lifecycle, with product based and industry-specific solutions.

    19 Jul 2016, 8.28 pm  |  Source: PTI

  • Wipro Q1 net falls 8%; expects Q2 IT svcs revenue growth 0.01-1%

    Wipro Q1 net falls 8%; expects Q2 IT svcs revenue growth 0.01-1%   

    Guidance for July-September period was far below estimates as Wipro expects revenue from IT services business to be in the range of USD 1931-1950 million, a growth of 0.01-1 percent over Q1.

    19 Jul 2016, 4.34 pm  |  Source: Moneycontrol.com

  • Despite Q1 setback, Mindtree mgmt aims to outperform industry

    Despite Q1 setback, Mindtree mgmt aims to outperform industry   

    In an interview with CNBC-TV18, Mindtree’s management said that the macro environment has been challenging and Brexit impacted its Europe business a lot.

    19 Jul 2016, 11.00 am  |  Source: CNBC-TV18

  • US market sluggish for Wipro in H1 2016, says Azim Premji

    US market sluggish for Wipro in H1 2016, says Azim Premji  

    The IT czar stated this in his speech at the Wipro Limited's Annual General Meeting here while giving a short overview on the overall environment.

    19 Jul 2016, 9.14 am  |  Source: PTI

  • Only 5-10% startups globally will become large: Kris

    Only 5-10% startups globally will become large: Kris  

    Asked who has made a mark globally as of now, Gopalakrishnan said Flipkart and Snapdeal have made a mark and may be in three to five years from now, people would start talking about these companies in a big way.

    19 Jul 2016, 7.54 am  |  Source: PTI

  • China growth has slowed down, Fed may hike one more time: Premji

    China growth has slowed down, Fed may hike one more time: Premji   

    On global events, Wipro Chairman Azim Premji says Brexit verdict has been shocking for the market and that China growth has slowed down, making a shift from manufacturing to services economy.

    18 Jul 2016, 8.33 pm  |  Source: CNBC-TV18

  • Mindtree Q1 profit misses estimates, tanks 7%; revenue in line

    Mindtree Q1 profit misses estimates, tanks 7%; revenue in line   

    Revenue increased marginally to Rs 1,327.6 crore from Rs 1,320.3 crore and revenue in dollar terms also rose 1.7 percent to USD 199 million from USD 195.6 million on QoQ basis.

    18 Jul 2016, 4.05 pm  |  Source: Moneycontrol.com

  • HCL Tech appoints Vijay Kumar as COO

    HCL Tech appoints Vijay Kumar as COO  

    The company said that it will further strengthen its '21st Century Enterprise strategy', which is essentially a blueprint for re-aligning IT consumption formats to outcome-based, service-oriented and lean solutions.

    16 Jul 2016, 5.48 pm  |  Source: PTI

  • Slowdown in discretionary spending likely a one-off: Infosys CEO

    Slowdown in discretionary spending likely a one-off: Infosys CEO   

    In an interview with CNBC-TV18's Rukmini Rao, Infosys CEO Vishal Sikka talked about the company's muted first quarter earnings and what he expects going forward.

    15 Jul 2016, 8.54 pm  |  Source: CNBC-TV18

  • JetSynthesys invests USD3 mn in `Garage` facility for start-ups

    JetSynthesys invests USD3 mn in 'Garage' facility for start-ups  

    JetSynthesys has already invested over USD 3 million in creating this first 'Garage' facility and several start-ups that are being accelerated through JetLabs.

    15 Jul 2016, 7.00 pm  |  Source: PTI

  • SEZ status not that important now: Nasscom

    SEZ status not that important now: Nasscom  

    It may be noted that Infosys has been holding back its first development centre at Rajarhat as the West Bengal government, under the leadership of Chief Minister Mamata Banerjee, is politically opposed to grant Special Economic Zo...

    15 Jul 2016, 5.36 pm  |  Source: PTI

  • NIIT Tech says Q2 will see healthy recovery in growth

    NIIT Tech says Q2 will see healthy recovery in growth   

    Order intake in the first quarter of FY17 was at USD 101 million, while total orders of USD 307 million are to be executed over the next 12 months, said NIIT Technologies COO Sudhir Chaturvedi.

    15 Jul 2016, 3.46 pm  |  Source: CNBC-TV18

  • NIIT Tech Q1 profit tanks 64%, GIS business drags revenue 2%

    NIIT Tech Q1 profit tanks 64%, GIS business drags revenue 2%  

    Total income from operations fell 2 percent sequentially to Rs 670.7 crore in the quarter ended June 2016 on account of seasonality in domestic GIS business, Arvind Thakur, CEO and joint MD said.

    15 Jul 2016, 3.28 pm  |  Source: Moneycontrol.com

  • Infosys relaunches ESOPs to rein in attrition

    Infosys relaunches ESOPs to rein in attrition  

    However, the company is not "unduly concerned" about the jump in attrition, which read 17.3 percent in the March quarter and 19.2 percent in the year-ago period.

    15 Jul 2016, 2.14 pm  |  Source: PTI

  • Brexit may create walls, but brings opportunities: Vishal Sikka

    Brexit may create walls, but brings opportunities: Vishal Sikka  

    "Banks are trying to figure out what changes need to be made and what it means for near-term spending... Unfortunate as it is that some of these walls are being created due to Brexit, it does create more need for services, integra...

    15 Jul 2016, 1.02 pm  |  Source: PTI

  • Infosys Q1 profit falls 4.5%, cuts FY17 dollar revenue guidance

    Infosys Q1 profit falls 4.5%, cuts FY17 dollar revenue guidance   

    The country's second largest IT services exporter lowered its constant currency revenue growth guidance to 10.5-12 percent from 11.5-13.5 percent.

    15 Jul 2016, 10.09 am  |  Source: Moneycontrol.com

  • TCS watching Europe post-Brexit; says no caution to report yet

    TCS watching Europe post-Brexit; says no caution to report yet  

    "As of now, we are watching Brexit but based on our interaction with key customers - financial sector clients as well as in others sectors - post June 23, we don't have any specific caution to report," TCS CEO and Managing Directo...

    15 Jul 2016, 8.20 am  |  Source: PTI

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