Tag Archives: wit

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

Wipro Third-Quarter Earnings Just Beat, Sales Miss

Wipro (WIT) stock fell Friday after the Indian tech services provider released fiscal Q3 earnings that just beat Wall Street expectations, but revenue that just missed. Wipro stock was down 1.5% in morning trading in the stock market today, near 13.30. On Thursday, Wipro shares rose nearly 6% to a three-year high of 13.52. Wipro’s results are in contrast to its Indian outsourcing rival Infosys, which last week beat views and raised its revenue