Related topics: net profit

Infosys shares surge on stronger revenue forecast

Leading Indian IT outsourcer Infosys posted higher quarterly profit and raised its revenue projection for the year on Friday after gaining more than 50 international clients.

India's Wipro shares tumble as revenue lags

Shares in India's third largest IT outsourcer Wipro slumped more than eight percent on Wednesday, a day after it announced modest revenue growth that lagged rivals, analysts said.

Infosys profit down on visa investigation

Indian IT outsourcing giant Infosys posted a fall in quarterly profit Friday after setting aside funds for a visa-abuse investigation in the United States. Still, the company upgraded its revenue forecast for the year, pleasing ...

Infosys 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 employees.

India'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.

India'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.

India's TCS to pay $30 mn to settle US suit: reports

India's biggest software outsourcer TCS has agreed to pay $30 million to settle a lawsuit filed by two former employees in the US relating to unpaid wages, media reports said Wednesday.

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