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The country's information technology sector is facing higher wages, a stronger rupee and softening global demand.
Infosys Technologies Limited CEO Discusses F2Q2011 Results - Earnings Call Transcript
India's Infosys, the information technology outsourcing company, said net income for the quarter ended in September rose 18% as revenue jumped almost 30%.
China's solar stocks, India's Information Technology and Brazil's financial stocks topped emerging markets last week.
China's solar stocks and India's IT companies rose last week.
In the wake of Ohio's ban on IT outsourcing and visa fee hikes by the U.S. government, Indian IT firms say they'll increase local hiring in the U.S.
Indian IT firms face a new challenge in the form of an outsourcing ban by the state of Ohio.
Apple, Google, eBay and other companies can still grow if the economy recedes further.
The U.S. visa fee hikes are likely to affect operating margins for prominent IT firms such as Infosys Technologies.
India has been one of the most attractive emerging markets to invest in, attracting legendary investors such as George Soros and Warren Buffett.
Subsequent to higher earnings from four Indian IT firms, analysts have turned bullish and issued upgrades on them.
Infosys Technologies Limited F1Q11 (Qtr End 06/30/10) Earnings Call Transcript
The trade deficit unexpectedly swelled to $42.3 billion in May from $40.3 billion the month before
Infosys had to cut prices in the quarter to retain and win customers, reducing net profits despite an increase in the revenue.
Attractive valuations and recent selloffs could offer higher returns for emerging markets during the second half of 2010.
Emerging-market mutual funds are outperforming other foreign funds.
The economic crisis in Europe and its impact on the euro and pound will likely impact the profits of India's technology companies this year.
The two IT firms could witness ratings and earnings estimate revisions on the upside over the next few days.
Stocks made marginal gains Tuesday as investors got a promising read on the tech sector. Gregg Greenberg has The Real Story.
India's IT consulting and software services firm reported net income for the fourth quarter of $349 million, registering quarter-over-quarter growth of 4.5% and year-over-year growth of 8.7%.
Intel will report first-quarter results following the end of trading Tuesday.
Dell target boosted at Citigroup but cut at Credit Suisse; estimates lowered at Morgan Stanley.
Stocks close lower Tuesday as weakness in the chip, energy and material sectors pressures the market a day after Alcoa's earnings miss. Gregg Greenberg has The Real Story.
The corporate spending freeze is finally thawing, and this outsourcing/consulting play will benefit.
Infosys posts a smaller than-expected fall in third quarter net profit on January 12 and raises its full-year guidance as its overseas business continues to pick up.
Tuesday's early headlines include Alcoa's disappointing fourth-quarter profit and a report on the Federal Reserve's record profit for 2009
UBS carves off its India-based outsourcing service to New Jersey firm Cognizant.
Friday's early headlines include the trade deficit data for August, along with other news items.
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