Block jumps nearly 16% on sharper profitability focus, mimics PayPal rallyThe emphasis on profitability and cost control echoed the commentary from larger peer PayPal Holdings, which said earlier this week that it...
IBM misses second-quarter revenue estimates as tech spending coolsIT companies have warned of more pain as businesses striving to cut costs in the face of rising inflation snip tech budgets, hurting the in...
Block investors may seek clarity on Cash App after Hindenburg reportMorgan Stanley analysts in April said some bearish investors remain uncertain about the amount of gross profit generated by "potential illi...
What to expect from TCS and rest of IT sector this earning season? Moshe Katri explainsIT is expected to have a better earnings setup than feared in the coming quarters, with the Street looking for 8-10% growth. This optimism ...
BPM Companies turn to cost-saving deals in new normalData analytics, automation becoming integral part of BPM offerings
Cognizant board bound to notice underperformance, execution challenges: WedbushReport speculative, Board fully supports strategic direction, management team: Cognizant
Accenture increases FY22 revenue growth guidanceAccenture’s stellar performance continued into its second quarter ended February, and encouraged it to raise its revenue growth guidance fo...
Cognizant puts up $30 million for employee retentionThe corpus is used when such employees receive offers from competitors.
Market focus starts to turn toward Biden victory, analysts sayThe S&P 500 rose as much as 1.7% in morning trading, extending a five-day rally
IBM has 500 job openings in IndiaIBM put out over 500 job openings in India on its LinkedIn page in the last one week and over 200 new opportunities in just the last 24 hou...
Indian IT firms' digital revenue crosses $50 billionFigures from Indian IT association Nasscom show that the new digital areas crossed the $50 billion revenue milestone last fiscal. That's mo...
Infosys to eliminate roles to flatten organisationCompany will trim its workforce in the ranks of delivery managers, AVPs, VPs and SVPs.
Arvind Krishna, the man who helped buy Red Hat, now wears the CEO hat at IBMIndian-American Arvind Krishna will take over as the firm's CEO of IBM from Virginia 'Ginni' Rometty.
Infosys likely to buy back shares again, for $1.6 billionSources said the share buyback could happen at around 20-25 per cent premium to the prevailing market value.
Narayana Murthy may cut stint to 3 years if new Infosys CEO is namedN R Narayana Murthy may relinquish his position once a new CEO is appointed to succeed incumbent S D Shibulal in 2015.
Infosys has retained the best top talent: Narayana MurthyInfosys has seen a string of senior executives resign after Murthy returned to take the helm of India’s number 2 software company in June.
- IT firms struggle with rising input costs & demand slowdown, reminiscent of 2008 crisis
Earnings numbers from large IT firms is a reminiscent of the 2008-09 fiscal, when US corporations froze tech spending due to the financial ...