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:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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