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Nov 06, 2013 12:30 PM IST According to Ankur Rudra, the strength of beat by Cognizant is a big positive led by uptick in discretionary demand due to new technology and so, assuming that it is true for the entire (IT) sector is premature.
Nov 06, 2013 11:00 AM IST Technology and pharma stocks are holding up the indices with big gainers as Sun Pharma, TCS and Wipro. Sesa Sterlite, Bajaj Auto, Hindalco, HDFC and HUL.
Nov 06, 2013 09:15 AM IST Indian rupee weakened by 38 paise in early trade on Wednesday. It has opened at 61.99 per dollar as against previous day's closing 61.61 per dollar.
Nov 05, 2013 09:34 PM IST Cognizant does not see any increase in the budget flush in Q4 which may affect the growth of its retail segment though it may see a slight uptick in budget in 2014, says R Chandrasekaran.
Nov 05, 2013 06:49 PM IST The big news though was Cognizant‘s upward revision of revenues for the full year. In Q2, 2013 the company had said that it expected revenues to come in at USD 8.74 billion, a growth of 19 percent compared to the previous year.
Nov 05, 2013 06:14 PM IST Instability in Europe has forced companies there to cut costs by outsourcing. Cognizant, which operates on lower margins than its rivals, has been able to win a larger share of the business.
Oct 17, 2013 09:58 AM IST N Chandrasekaran, MD and CEO of TCS said that the pricing remained stable currently and that the company was aiming an operating profit margin of 26-28 percent.
Oct 11, 2013 10:38 AM IST Moshe Katri, MD, Cowen & Co expects Infosys under the right management team can shape margins going ahead.
Aug 27, 2013 01:04 PM IST IT: Prabhudas Lilladher believes that higher utilization and spiralling attrition along with anaemic net employee addition is a matter of concern. It could impact the business momentum if we see acceleration in growth momentum. The research firm prefers Infosys and Wipro from the space.
Aug 14, 2013 01:36 PM IST CNBC-TV18's Kritika Saxena learns from sources that the prospective bidders may have backed out on pricing and deal size issues.
Aug 14, 2013 09:42 AM IST A group of 8 Indian IT companies, including Infosys, Cognizant, Mindtree and Hexaware, have formed a lobbying consortium in order to handle the conversation with the US Congress
Aug 07, 2013 01:28 PM IST In an interview to CNBC-TV18 Nischal Maheshwari says IT is the only sector where one can still continue to be invested as the companies have posted better earnings and are also benefiting from the rupee fall.
Aug 06, 2013 10:39 PM IST Cognizant, on Tuesday, announced better-than-expected Q1 numbers as its Europe revenue excluding the UK jumped 54 percent. The company has also hiked its growth guidance from 17 to 19 percent.
Jul 31, 2013 10:51 AM IST New study uncovers consumer expectations for mobile banking services, revenue opportunities for banks.
Jul 29, 2013 01:53 PM IST Arun Jain is bifurcating Polaris to make it a billion-dollar business
Jul 18, 2013 04:00 PM IST Ketan and Tonmoy hire candidates for several job profiles and create and conduct tests, as well as manage test centre operations including invigilation and finally evaluating candidates to find the right one
Jul 10, 2013 12:12 PM IST Rakesh Arora, head of research of India at Macquarie Capital Securities is underweight and a little bit negative on IT space.
Jul 10, 2013 09:29 AM IST Arora is bearish on NBFC stocks, most of which are expensive at these levels, and cement companies, which are likely to report weak earnings for the June quarter.
Jul 02, 2013 12:54 PM IST Moshe Khatri, Cowen & Co expects the US Immigration Bill to have significant impact on the Indian IT sector.
Jun 05, 2013 05:54 PM IST UK-based Network Rail has roped in five IT vendors, including TCS, Cognizant and Accenture to design, build and manage its IT infrastructure in a deal estimated at GBP 350 million.
Jun 05, 2013 02:03 PM IST Though Polaris promoters are still in discussions with other buyers, Cognizant is likely to be the front runner in Polaris' stake sale. Other potential buyers eyeing the deal include Infosys.
Jun 03, 2013 05:19 PM IST For the last several quarters, while Tata Consultancy Services, Cognizant Technologies and HCL Technologies have been speeding ahead despite the global slowdown, Infosys has been missing its quarterly guidance and dropping behind. And CEO SD Shibulal has been facing all the flak for this.
Jun 01, 2013 02:00 PM IST Rostow Ravanan, Co founder and CFO of Mindtree believes that Narayana Murthy's return to Infosys will ensure flawless execution of strategiesis and is in the best interest of the company.
May 28, 2013 04:34 PM IST Information technology major Cognizant displaced Infosys to become second-largest Indian IT services provider in 2012.
May 08, 2013 09:45 PM IST Tech giant Cognizant's stellar run continued. The Nasdaq-listed firm on Wednesday posted a strong set of first quarter numbers, beating the expectations. The company also reiterated its guidance for 2013 at 17 percent, which is much higher then its peers.
