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IT firm News
Cognizant posts 2.97% drop in its net profit in Q2
Fri, Aug 03, 2018
IT services firm Cognizant on Thursday posted 2.97% drop in its net profit for the second quarter ended June 2018, at $456 million, hurt by non-operating foreign exchange losses on account of rupee depreciation and the initial funding of Cognizant US Foundation.
Big setback for Infosys; Anonymous whistleblower shoots off letter to SEC
Mon, Jun 25, 2018
"The company's undue delay in filing Form 20F with its deafening silence on any reason for such delay raises several questions and risks to the shareholders." "I request you to require the company to inform the shareholders on the exact reasoning for the delay as well as confirm whether any ongoing investigation with SEC is pending," said the letter, which is in possession of PTI. The letter was written to SEC yesterday.
Wipro sells 63% stake in airport IT services JV to Antariksh Softtech
Fri, Apr 06, 2018
"Wipro Ltd has sold 63 per cent of its stake in Wipro Airport IT to Antariksh Softtech as part of divesture of the subsidiary. DIAL is considering expansion of the airport and procuring more assets under the JV," Wipro said in a regulatory filing.
Tech Mahindra bets big on 5G services, sets up lab in Bengaluru
Sun, Feb 25, 2018
C P Gurnani, CEO and Managing Director of Tech Mahindra, said the company has already re-skilled about 30,000 of its employees in handling emerging technologies, and added that the remaining 75,000 employees will be re-skilled by the end of the current calendar year..
TCS bags $2.25-billion contract, largest ever for Indian IT firms
Fri, Dec 22, 2017
Nielsen awarded a 10-year contract of $1.2 billion to Tata Consultancy Services in 2007 and this deal has renewed the association between two companies.
Apple invests $390mn in US-made iPhone lasers
Thu, Dec 14, 2017
The 700,000-square-foot manufacturing plant in Sherman, Texas, that was closed in 2012, is expected to begin shipping its products in the second half of 2018 and its output will make Sherman the VCSEL capital of the US.
Tech Mahindra acquires UK-based BIO Agency to boost digital service portfolio
Wed, Jun 22, 2016
Tech Mahindra said the transaction is expected to close in the first week of July 2016.