Hedge fund Elliott Management owns a stake of more than 10% in Dropbox valued at more than $800 million, a person familiar with the matter ...

Cognizant said its headcount growth had outstripped revenue growth in the past two quarters.

TCS had bought back about Rs 16,000 crore of shares last year as well.

Elliott Management was the first activist hedge fund to take aim at an India heritage IT services firm and Cognizant with its US listing an...

The hedge fund’s stake in Wipro is unlikely to be part of an activist strategy as with Cognizant.

A diminished role of its consulting practice will contribute to better margins — a demand made in November 2016 by its most vocal activist ...

IT companies have been under increasing pressure from investors to utilise the huge cash pile on books either through share buyback or gene...

The Mumbai-headquartered IT services company said it would buyback 5,61,40,351 Equity Shares, nearly 3% of the equity share capital, at a p...

The move comes less than two weeks after rival Cognizant said it would return $3.4 billion to shareholders — in dividends and increased buy...

"We are going to accelerate the number of acquisitions we make, but it isn't as though we have set up a number that we have to meet," Malco...

"The Board of Directors will consider a proposal for buyback of equity shares of the Company at its meeting to be held on February 20, 2017...

In November, Jesse Cohn, a senior portfolio manager at Elliott, sent a letter to the IT company’s board asking it to shake-up its board, ra...

"Pursuant to the terms of the cooperation agreement, the Cognizant board of directors has agreed to continue the ongoing process of refresh...

This is the first time an Indian IT firm is facing an onslaught from an activist hedge fund and Elliott has a number of wins under its belt.

The letter critiqued Cognizant’s capital management strategy and called its stance shareholder unfriendly due to the lack of a dividend.

Google will start testing in two US cities later this year, stepping up competition with online retailer Amazon.com and startup Instacart

Problems at Citrix have been going on for more than a year and were supposed to have culminated with the first-quarter restructuring.