Related topics: net profit

US-based iGate to delist Indian unit Patni

US-based company iGate said Wednesday it plans to delist its unit Patni Computer Systems from stock exchanges by buying shares from the Indian company's public shareholders.

India's Wipro shares slump 11% on weak forecast

Shares of Wipro, India's third-largest software firm, slumped as much as 11 percent intraday Monday after it projected weak revenue growth last week owing to global uncertainty.

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 IT giant TCS slumps despite profit boost

Shares in India's biggest outsourcing firm TCS slid as much as 5.1 percent Wednesday amid investor concern about the outlook for a sector dependent on demand from crises-hit Europe and the United States.

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 Infosys gives muted earnings, stock falls

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 Infosys profit up 27% but shares tumble

Indian software exporter Infosys on Friday said its quarterly profit rose 27 percent, but disappointed the markets with a lower-than-expected growth forecast that saw its shares plunge.

India Infosys co-founders sell shares for $1.1 billion

Co-founders of Infosys sold $1.1-billion worth of stock in India's second-biggest software services firm Monday, pushing down the share price of the pioneering outsourcing company by nearly five percent.

India's Infosys shares up after new chief named

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.

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