India's TCS quarterly profit leaps 23%
India's biggest outsourcing firm TCS reported Monday net profit jumped 23 percent in the three months to March, beating market forecasts as US and European customers boosted orders.
View ArticleIndia's TCS shares surge on upbeat earnings
Shares in India's biggest outsourcing firm Tata Consultancy Services jumped more than 10 percent in early trade on Tuesday after it reported better-than-expected quarterly earnings.
View ArticleIndia's Wipro Q4 profit up 7.7% but forecast muted
India's third-largest software company Wipro on Wednesday posted a 7.7 percent year-on-year rise in net profit for the January-March period, but gave a muted forecast that sent its shares tumbling.
View ArticleBangladesh Internet down after submarine cable cut
Millions of Bangladeshis have been unable to use the Internet or suffered slow connections after a submarine cable was cut off the coast of Singapore, an official said Thursday.
View ArticleFujitsu develops new solution for smooth datacenter migration to IPv6 networks
Fujitsu today announced that it has developed the SA46T/SA46T-AS Datacenter Solutions, a technology enabling datacenters to migrate smoothly from IPv4 to IPv6. This technology is based on SA46T, which...
View ArticleIndia's TCS profits rise 38%, rival Infosys disappoints
India's biggest outsourcing firm, TCS, on Thursday posted a 38 percent rise in quarterly profit, beating analysts' estimates, while earnings of rival Infosys disappointed investors.
View ArticleIndian outsourcer HCL reports 67% jump in quarterly profit
India's fourth-biggest outsourcing company, HCL Technologies, reported on Wednesday a 67 percent jump in quarterly net profit from a year earlier as client orders surged.
View ArticleNasscom: India's IT industry to grow 11% in fiscal year
Sales by India's flagship outsourcing industry are likely to grow by 11 percent this fiscal year to at least $75 billion in the face of a challenging business environment, an industry lobby group said...
View ArticleIndia's Infosys denies reports of 5,000 job cuts (Update)
Indian software outsourcing giant Infosys said Friday it was weeding out under-performing staff and would be asking some to leave, but denied a media report saying 5,000 workers were to be sacked.
View ArticleWipro profits up 18 pct on strong demand
Wipro reported an 18 percent rise in December quarter profits Friday, beating expectations as global cost-cutting drives global businesses to Indian outsourcing companies.
View ArticleUK politician slams 'lie detector' fraud tests
A British politician has resigned over a county council's decision to use voice analysis technology that some liken to lie detector tests on people claiming a tax discount.
View ArticleTop 10 H-1B visa companies all specialize in shipping American jobs overseas
The Top 10 users of H-1B visas in FY 2012 were companies who specialize in shipping American jobs offshore, according to an analysis of government data by Computerworld magazine.
View ArticleIndia tech tycoon donates $2.3 bn to charity
Indian software tycoon Azim Premji said Saturday he has given $2.3 billion to an education charity that he controls, reportedly the biggest charitable donation in the country's recent history.
View ArticlePoland emerging as major European outsourcing hub (Update)
The first time Javier Bofarull Marques left Spain for Poland, it was for love. It was 2006, a boom time in Spain, and his friends thought he was crazy. He recently moved back to the Eastern European...
View ArticleIndia's Wipro shares dive after business split
Shares in India's third-biggest software firm Wipro tumbled more than 11 percent on Tuesday, its first day of trading as a standalone IT company since it hived off other businesses into a separate unit.
View ArticleShares in India's Infosys dive after weak earnings (Update)
Shares in Indian outsourcing giant Infosys dived Friday after it issued a disappointing growth forecast and warned of global challenges, sparking worries about other firms in the flagship sector.
View ArticleIndia's TCS reports 22% rise in quarterly profit
India's biggest IT outsourcing firm, Tata Consultancy Services, on Wednesday reported a 22 percent jump in quarterly net profit, in line with market forecasts, led by stronger outsourcing orders.
View ArticleUS immigration bill could slow Indian outsourcers
Low cost efficiency put India's outsourcing companies at the heart of global business and created a multibillion dollar industry that for years has skated over criticism it was eliminating white collar...
View ArticleInvestors cheer Infosys founder's return but analysts skeptical (Update)
Shares of Infosys jumped Monday as investors cheered the return of founder N.R. Narayana Murthy to boost the Indian outsourcing giant's sagging fortunes, but analysts questioned his chances of success.
View ArticleIndian IT firm Tech Mahindra completes Satyam takeover
Indian IT outsourcer Tech Mahindra on Tuesday completed a takeover of its partly-owned unit Mahindra Satyam, creating a new force in the sector with annual revenues of $2.7 billion.
View ArticleInfosys profits up slightly despite currency woes
Indian software outsourcing giant Infosys posted slightly higher quarterly profit Friday and maintained its revenue growth forecast despite the weak rupee and uncertainty about U.S. visas for its...
View ArticleBooming Philippine outsourcing industry faces worker shortage
The Philippines' outsourcing industry faces a shortage of trained personnel after a decade of rapid growth which saw it become a pillar of the economy, the industry association said Tuesday.
View ArticleIndia's TCS second-quarter profit up 34%, beating estimates (Update)
India's biggest IT outsourcing firm, Tata Consultancy Services, on Tuesday reported a 34 percent jump in quarterly net profit, beating market forecasts, led by outsourcing deals and new contracts.
View ArticleIndia's Wipro Q2 profit up 29%, beats forecasts
India's third-largest software firm Wipro on Tuesday reported quarterly net profit climbed 29 percent year-on-year, led by a jump in outsourcing orders as global business conditions improved.
View ArticleNasdaq opens support office in Philippines
Nasdaq has opened a customer service center in the Philippines.
View ArticleOffshoring and outsourcing a mixed bag for American jobs, wages
A new study by UC Berkeley and Massachusetts Institute of Technology (MIT) researchers finds that the practices of outsourcing and offshoring jobs appear to have both positive and negative effects on...
View ArticleHealthy working environment is a salvation
Contract workers in Norway often face the worst and most unpredictable working conditions. But good management and support from colleagues makes these workers more robust.
View ArticleWipro hives off non-IT businesses, stock gains
(AP)—India's Wipro will separate its core information technology business from its consumer care and lighting, infrastructure engineering and medical diagnostics businesses, the company said Thursday.
View ArticleWipro profit up better than expected 24 percent
Wipro reported September quarter profit of 16.1 billion rupees ($300.6 million) Friday, an increase of 24 percent in rupee terms, as customers in Europe turned to outsourcing to cut costs and growth...
View ArticleIndia's Infosys recalls founder as woes mount
Infosys on Saturday reappointed co-founder N.R. Narayana Murthy to lead the Indian outsourcing giant two years after he retired, as the company grapples with weak earnings and falling market share.
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