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Stock Market & Financial Investment News

News Breaks
December 3, 2013
07:33 EDTACNAccenture launches Accenture Digital and Accenture Strategy
Accenture has made key appointments to its global leadership team related to the launch of Accenture Digital and Accenture Strategy. Michael Sutcliff has been named group CEO of Accenture Digital, a new growth platform that integrates the company’s digital capabilities across Accenture Interactive, analytics and mobility. Mark Knickrehm has been appointed group CEO of Accenture Strategy, a new growth platform dedicated to helping C-level executives shape and execute their business and technology transformation agendas, focusing on issues related to growth and innovation, industry convergence, geographic expansion, digital strategies, sustainable cost management and enterprise transformation.
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April 15, 2014
11:23 EDTACNInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
April 10, 2014
05:40 EDTACNAccenture, SAP expand global alliance through first-of-its-kind agreement
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