Read more about Infosys McCamish acquires underwriting platform from STEP Solutions on Business Standard. Infosys McCamish Systems is a US-based subsidiary of Infosys BPM
Read more about Tech Mahindra to support IT transformation for Telefonica Germany/O2 on Business Standard. The firm announced a strategic partnership with Telefonica Germany/Oz to drive its end-to-end IT transformation
Larsen & Toubro Technology Services (LTTS) on Wednesday posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter. The company had registered a net profit of Rs 204.1 crore in the year-ago period, it said in a regulatory filing. Its revenue fell 1.6 per cent to Rs 1,400.7 crore in the quarter under review from Rs 1,422.9 crore a year ago, it added. On a sequential basis, the net profit was higher by 12.4 per cent from Rs 165.5 crore, while revenue increased 6.6 per cent from Rs 1,313.8 crore in the September 2020 quarter. Our Q3 results marked another quarter of resilient performance with growth in revenue, deal wins, operating margin and free cash flow. All five of our industry segments grew sequentially, while three segments - Industrial Products, Plant Engineering and Telecom & Hitech grew over 5 per cent, LTTS CEO and Managing Director Keshab Panda said.
Read more about TCS market valuation crosses Rs 12 trillion-mark helped by rally on Business Standard. The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 trillion-mark at close of trade on Thursday
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE s stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh). In September 2013, TCS announced the creation of an all-women business process services centre in Riyadh (Saudi Arabia) in partnership with GE. Given GE s planned exit from this partnership, the partners have entered into a definitive agreement subject to closing conditions for transfer of GE s stake in the venture to TCS, a regulatory filing said. On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the centre, it added.