Indian software giant Infosys Technologies reported a five percent rise in quarterly net profits on Tuesday, aided by a weak rupee and strong demand from the United States.
India's biggest IT outsourcing firm Tata Consultancy Services on Thursday reported better-than-expected quarterly profits on the back of growth in its key markets of the United States and Europe.
Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.
India's biggest outsourcing firm Tata Consultancy Services Thursday reported only a marginal rise in its earnings for the just-ended financial year citing volatile currency markets and a sluggish global economy.
Cheaper, better robots will replace human workers in the world's factories at a faster pace over the next decade, pushing labor costs down 16 percent, a report Tuesday said.
India's biggest outsourcing firm Tata Consultancy Services on Thursday reported a 5.1 percent rise in quarterly net profits, driven by demand in its key markets of the United States and Europe.
Shares in Indian outsourcing giant Infosys climbed nearly four percent on Thursday after the company announced a new chief executive who will take over in August.
Shares in Indian outsourcing giant Infosys sank by seven percent on Thursday after the latest departure of one of the company's senior managers.
India's biggest outsourcing firm Tata Consultancy Services (TCS) and Japan's Mitsubishi Corp said Monday they are teaming up to create a Japanese software services provider with annual revenues of $600 million.
Shares of Indian outsourcing giant Infosys slid almost nine percent Thursday after the firm warned that quarterly revenues may be weaker-than-expected following project cancellations.