MARKET EYE-TCS, Infosys gain after Cognizant earnings

Fri Feb 8, 2013 1:18pm IST

Related Topics

Stocks

   

* India's software services exporters gain, with Infosys Ltd
 up 0.4 percent, Tata Consultancy Services Ltd 
up 3 percent, and Wipro Ltd up 1.2 percent.  
* Gains come a day after Cognizant Technology Solutions Corp's
 quarterly profit modestly beat estimates, helped by a
rise in demand from Europe. 
* The results confirm that revenues of Indian software services
exporters continue to outperform Cognizant's, making the
U.S.-listed IT company still not too much of a competitive
threat, analysts say.
*  Barclays says Cognizant's annual guidance "poses no risk" to
its forecasts for Indian IT companies and indicates company's
revenue growth would continue to lag Infosys for another
quarter. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Managing Share Sales

Managing Share Sales

Govt seeks bids from banks to manage PFC, REC share sales   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage