Tag Archives: ctsh

Infosys Beats Sales, Raises Guidance And Stock Flies

Infosys (INFY) late Wednesday posted fiscal Q3 revenue that beat Wall Street revenue estimates and earnings that met views. The company also raised its guidance, giving investors what they needed to drive the stock up to a two-month high. The India-based outsourcing and IT service company, which competes with IBM (IBM), Accenture (ACN), Cognizant Technology Solutions (CTSH) and Wipro (WIT), said that its fiscal third quarter sales rose 8.5% to

Cognizant May Build EPS If It Buys Perot, Says Baird

Should Cognizant Technology Solutions (CTSH) buy Perot Systems from Dell? David Koning, an analyst with investment bank Robert W. Baird, finds that’s a fine idea and “nicely accretive,” according to his research note Monday. Citing sources, Reuters on Thursday said Dell was looking to sell Perot, naming Cognizant, Japan’s NTT Data and France’s Atos as “competing” for the acquisition. Reuters said the estimated $5 billion Perot might fetch could

Cognizant, Infosys, Wipro Recovering From Indian Rain

Employees of highly-rated Cognizant Technology Solutions (CTSH), as well as Infosys (INFY), Wipro (WIT) and other tech outsourcers, are drying out after weeks of rain that flooded Chennai, India. Plenty of sun with temperatures in the 80s and 90s are forecast for Chennai to close out 2015 and start the New Year. “This will be a pretty bad quarter for Indian IT, no two ways about it,” the India Times quoted a stock analyst as saying Monday. “If