Patni Computer Systems, a subsidiary of i-Gate Corporation, has reported a consolidated net profit of Rs 200 crore in fourth quarter of calendar year 2011, showing massive growth of 139.5% as compared to Rs 83.5 crore in the previous quarter, as per Indian GAAP.
Against a waning global economy, IT major Cognizant has been brave and has perked up year-end revenue guidance to USD 6.11 billion from the previous USD 6.06 billion. Francisco D'Souza, president and chief executive officer of the company joins CNBC-TV18 to substantiate the numbers. Check out what he says.
Buoyed by improved business, IT company Mahindra Satyam today said it swung into the black in the April-June quarter, logging a Rs 225.2 crore profit, and unveiled plans to exit US stock market by 2012.