Blackstone India takes Mphasis off HP’s hands for ₹7,100 crore

Private equity player Blackstone India announced that it will buy Bengaluru-based Mphasis for ₹7,100 crore, making it the largest deal in India and bringing to a close speculation over the future of Mphasis. The PE major will acquire Hewlett-Packard’s 60.5…

Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing

Capgemini’s $4 billion offer to acquire iGATE–the largest buyout of an India-related IT services firm–could well be a harbinger of a clutch of merger and acquisition (M&A) deals involving mid-size firms, say industry watchers. “There are lots of such players…

Results Of Infosys And HCL Tech Indicate That Strategic Outsourcing Is Dying A Natural Death

From the results of two big IT service providers, namely HCL Technologies and Infosys, it is clear that Strategic Outsourcing (SO) is dying a natural death, believes Greyhound Research. “Strategic outsourcing deals are increasingly being replaced by cloud and/or managed…

HCL Tech Net Misses Estimates, Sinks 12% In March Quarter

HCL Technologies recorded a 12% drop in net profit sequentially for the March quarter, missing street estimates as cross-currency movements impacted earnings adversely. The IT major’s net profit during the period stood at Rs 1,683 crore, while it also disappointed…

HCL Tech Profit Up 3.6% In Q3

HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…

HCL Tech Profit Up 3.6% In Q3

HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…

HCL Tech Q3 Profit Rises 3.6%, Misses Estimates

HCL Technologies Ltd, India’s fourth largest software exporter, on Wednesday posted a 3.6% rise in net profit to Rs.1,683 crore for the three months ended March compared with the year-ago period, missing analysts’ expectations. Net sales rose 11% to Rs.9,267…

HCL Tech Misses Estimates, Disappoints Markets

HCL Technologies, the fourth-largest information technology (IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. "These results are a…

HCL Tech Misses Estimates, Disappoints Markets

(IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June.  These results are a mixed bag - while on the…

Infosys To Buy Automation Tech Firm Panaya For $200 MN

Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…

Infosys Buys US-Based Panaya For $200 Million

Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…

Infosys To Buy Automation Tech Firm Panaya For $200 MN

Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…

Infy To Buy Panaya For $200M

Infosys will acquire US-based automation technology company Panaya for $200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after Swiss consulting company Lodestone, which it bought for about $350 million (Rs 1,932 crore)…

Infosys To Buy Automation Tech Firm Panaya For $200 MN

Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…

Infosys To Buy Automation Tech Firm Panaya For $200 MN

Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…

Infra Service Can’t Bring Home the Bacon for HCL

HCL Technologies needs to rethink its strategy as its fastest-growing vertical, infrastructure services business, has been slowing down with clients shifting to cloud technology , experts said, suggesting increased investment to push other businesses at India's fourth largest information technology…

Q2 Call: HCL Technologies Expects A 210 bps Hit On Its Revenue

India's fourth ­largest information technology outsourcing company HCL Technologies said on Tuesday that it expects a strong dollar to adversely impact its revenue in the second quarter ending December 2014. "Looking at the performance and numbers of HCL and TCS in this…

#GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer

The traditionally strong September quarter saw an unusual and unexpected slowdown in what seems like winter setting in a bit too early for the country’s top IT services companies. The December quarter is usually the weakest for the companies, with long…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #theshadow.in

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #indianexpress

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @saharasamay

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #millenniumpost

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @ibnlive

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @ibnmoney_com

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #Internationaltechnology

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @timesofindia

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @FinancialXpress

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech)Q1 net profit grows 2.1% QoQ, 32% YoY to Rs 1873 crore #Press #Media @fclive

India's fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 Net up 32.3% at Rs 1,873 crore #Press #Media @bsindia

India's fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Tech (@hcltech) Q1 net income up 32% at Rs. 1,873 cr #Press #Media @Business_Line_

 The country’s fourth largest IT services exporter, HCL Technologies, on Friday reported a consolidated net income of Rs. 1,873 crore for the first quarter ended September 30, 2014, up 32 per cent, from Rs. 1,416 crore in the corresponding period…