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  • TCS, Infosys rally; Accenture raises 2015 revenue guidance Mar 27, 2015 12:21 PM IST

    TCS, Infosys rally; Accenture raises 2015 revenue guidance

    Technology stocks saw buying interest on hopes of better earnings in the quarter ended March 2015 after unlisted rival Accenture raised its outlook for the current calendar year 2015. IT majors TCS and Infosys surged 2-4 percent intraday Friday.

  • Will still stay cautious on disbursements: Cholamandalam Mar 12, 2015 02:46 PM IST

    Will still stay cautious on disbursements: Cholamandalam

    The collections of the company have improved for the past five months, said MD Vellayan Subbiah.

  • Cognizant bags deal from Cholamandalam Investment & Finance Mar 10, 2015 09:46 PM IST

    Cognizant bags deal from Cholamandalam Investment & Finance

    As part of the agreement, Cognizant would develop multi- channel applications across mobile, tablets and web platform for the field staff and customers to make real-time decision making and improve productivity.

  • IT players bet big on start-ups, seek tax clarity in Budget Feb 13, 2015 04:08 PM IST

    IT players bet big on start-ups, seek tax clarity in Budget

    NASSCOM has pegged FY15 IT sector growth at 13 percent. For FY16, the industry body expects it to be around 12-14 percent. R Chandrashekhar, President, NASSCOM, does not think the guidance is muted and feels the industry is preparing for a change in structure.

  • 16% growth guidance for 2015 fair: Cognizant Feb 11, 2015 11:52 AM IST

    16% growth guidance for 2015 fair: Cognizant

    The Nasdaq-listed IT company has crossed the USD 10 billion revenue mark and is also eyeing 19 percent growth for fiscal FY15 led by higher spending in healthcare..

  • Govt launches Rs 5000 cr IT contract for rail digitisation Nov 27, 2014 12:08 PM IST

    Govt launches Rs 5000 cr IT contract for rail digitisation

    The contract is the first of many deals as a part of the government‘s digitisation drive.

  • Software sector is largest creator of jobs: Narayana Murthy Nov 26, 2014 07:17 PM IST

    Software sector is largest creator of jobs: Narayana Murthy

    NR Narayana Murthy said that software industry has overtaken PSUs as biggest job creator in the country with about 32 lakh-strong workforce and further addition of two lakh new jobs a year.

  • Revised guidance as client concerns have abated: Cognizant Nov 05, 2014 09:26 PM IST

    Revised guidance as client concerns have abated: Cognizant

    Discussing the results, R Chandrasekaran, executive vice chairman, Cognizant India, said the company has been “feeling good about the demand environment” and has been winning significant number of deals.

  • US may release tech contract worth USD 1.2 billion: Sources Oct 08, 2014 12:51 PM IST

    US may release tech contract worth USD 1.2 billion: Sources

    Tech majors like TCS, Wipro, HCL Tech, Infosys and Cognizant are likely to bid for the contract.

  • Any revenue from TriZetto will add to guidance: Cognizant Sep 15, 2014 07:55 PM IST

    Any revenue from TriZetto will add to guidance: Cognizant

    US healthcare clients are desperate to cut costs and therefore, there cannot be a better time than today to buy TriZetto, says Gordon Coburn, President, Cognizant.

  • Cognizant to acquire healthcare IT firm TriZetto for $2.7bn Sep 15, 2014 04:13 PM IST

    Cognizant to acquire healthcare IT firm TriZetto for $2.7bn

    The acquisition will position Cognizant to address the rapidly changing healthcare marketplace that currently holds 17 percent of the US GDP.

  • ITC replaces TCS as India's most admired company Aug 25, 2014 08:30 AM IST

    ITC replaces TCS as India's most admired company

    In the latest list for the year 2014, ITC is followed by engineering and infrastructure major Larsen and Toubro (L&T), another FMCG giant Hindustan Unilever, carmaker Maruti Suzuki and public sector bank SBI among the top five most admired companies in India.

  • Genpact eyes acquisitions in insurance & healthcare Aug 20, 2014 05:59 PM IST

    Genpact eyes acquisitions in insurance & healthcare

    Despite Cognizant cutting its guidance, Genpact has raised its revenue guidance for the full year led by an uptick in North America and its acquisition of Pharmalink earlier this year.

  • Will Cognizant's problems spill over to industry? Aug 07, 2014 01:20 PM IST

    Will Cognizant's problems spill over to industry?

    Cognizant's revised revenue guidance spooked all listed IT shares. However, Indian IT company Mindtree chooses to call Cognizant's scaled-down guidance as company specific issue while Infosys had long back warned of slowdown if client spending remains tight.

  • Infosys to dole out promotions every quarter Feb 27, 2014 07:30 PM IST

    Infosys to dole out promotions every quarter

    IT behemoth Infosys is looking at showering employees with incentives including promotions every quarter and a 5-7 percent salary hike for 2014-15 in a bid to boost morale and check rising attrition.

  • Expect Infosys to see max upside revision: Cowen & Co Feb 12, 2014 01:51 PM IST

    Expect Infosys to see max upside revision: Cowen & Co

    Infosys and Computer Sciences will continue to outperform its peers in the information technology industry says a US based financial service company.

  • Indian IT cos to see robust demand going forward: IDFC Sec Feb 06, 2014 10:25 AM IST

    Indian IT cos to see robust demand going forward: IDFC Sec

    Hitesh Shah, IT Analyst at IDFC Securities says Indian IT services will see a convergence of growth going forward.

  • Cognizant posts stellar Q4 numbers Feb 05, 2014 07:25 PM IST

    Cognizant posts stellar Q4 numbers

    Tech major Cognizant has come out with its numbers for Q4 of 2013. The results have managed to beat street estimates. Even, Cognizant's guidance for the current quarter and the whole of 2014 is quite strong. Kritika Saxena gets us the highlights from Cognizant's earnings.

  • Who's going to win the IT services race in 2014? Jan 15, 2014 12:39 PM IST

    Who's going to win the IT services race in 2014?

    The Global 2000 already outsources much of its administrative IT. Many of these firms are now allocating more business to Indian services providers for two reasons.

  • HCL Tech top pick, prefer TCS over Infosys: Ashwin Mehta Dec 18, 2013 05:14 PM IST

    HCL Tech top pick, prefer TCS over Infosys: Ashwin Mehta

    Ashwin Mehta, IT Analyst of Nomura India is of the view that HCL Technologies is a top pick in the IT space.

  • IT to see better demand in FY15; like TCS over Infy: Nomura Dec 18, 2013 11:19 AM IST

    IT to see better demand in FY15; like TCS over Infy: Nomura

    Nomura India's top buy continues to be HCL and Cognizant. From a one-year perspective, it sees 15-20 percent upside in IT stocks from current levels.

  • Cognizant to expand its US workforce to over 39,000 by 2016 Dec 03, 2013 04:25 PM IST

    Cognizant to expand its US workforce to over 39,000 by 2016

    The New Jersey-headquartered firm's headcount stood at about 1,66,400 for the third quarter ended September 30, 2013. At an event organised at the Texas A&M University in the US yesterday, Cognizant President Gordon Coburn said the firm is one of the largest STEM recruiters in the country.

  • Indian IT vendors eye a piece of $50bn Obamacare pie Nov 14, 2013 04:58 PM IST

    Indian IT vendors eye a piece of $50bn Obamacare pie

    Cognizant has already bagged a deal in the affordable care, so it could have an edge there.

  • Tech Mahindra at 81-month high, jumps 6% on Q2 results Nov 08, 2013 10:09 AM IST

    Tech Mahindra at 81-month high, jumps 6% on Q2 results

    Consolidated revenue jumped 16.3 percent quarter-on-quarter (up 35.4 percent year-on-year) to Rs 4,771 crore in three-month period ended September 2013, which was higher compared to its peers.

  • Cognizant's stellar Q3 shores up sectoral revival hopes Nov 06, 2013 08:17 PM IST

    Cognizant's stellar Q3 shores up sectoral revival hopes

    The BSE IT index outperformed today closing the day in the green up by 1.5 percent. This on a day when equity markets were down by 6 tenth of a percent and the Bank Nifty was down by 1.8 percent.

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