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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:23 EDTIBM, INFY, CTSH, ACN, WITInfosys 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.
News For INFY;WIT;CTSH;IBM;ACN From The Last 14 Days
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August 28, 2015
16:11 EDTACNAccenture acquires AD.Dialeto, terms not disclosed
Accenture has acquired AD.Dialeto, an independent Brazilian digital agency, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital. As a result of the acquisition, Accenture will enhance its ability to serve clients in the growing Latin American market with digital marketing and commerce services that help maximize a return-on-investment of their digital programs. Terms of the transaction were not disclosed.
09:02 EDTIBMIBM and GENCI announce collaboration
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August 27, 2015
13:49 EDTIBMIBM volatility elevated on wide price movement
IBM current 30-day call option implied volatility is at 23, compared to a one-month ago level of 18, suggesting large price movement.
08:05 EDTACNAECOM names Mary Finch as Chief Human Resources Officer
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August 26, 2015
10:00 EDTINFYOn The Fly: Analyst Upgrade Summary
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08:40 EDTIBMIBM upgraded to Buy at Argus on valuation, easier comps
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08:06 EDTACNLiberty Bank chooses Accenture for loan origination technology
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07:54 EDTINFYInfosys upgraded to Buy from Underperform at Jefferies
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07:44 EDTIBMIBM upgraded to Buy from Hold at Argus
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August 21, 2015
12:13 EDTIBMBrocade soars after Q3 results top estimates
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06:01 EDTIBMABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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August 20, 2015
18:07 EDTIBMBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
August 19, 2015
16:08 EDTACNLeidos awarded $4.3B DoD contract
Leidos (LDOS) was awarded a prime contract by the Department of Defense, or DoD, to provide an off-the-shelf electronic health record solution, integration activities and deployment across the Military Health System. The contract, known as the Defense Healthcare Management System Modernization, or DHMSM, program, is an initiative designed to modernize the military's healthcare system in a meaningful way, enabling patients and clinicians to capture and share health data that can improve the continuity and quality of care for 9.6M active military, their families, and their beneficiaries. As the prime contractor, Leidos established a team of proven innovators and industry leaders to form the Leidos Partnership for Defense Health. Cerner (CERN), Accenture Federal Services (ACN) and Henry Schein (HSIC) form the core team, complemented with a broad range of large and small business teammates, vendors and suppliers who bring proven experience and expertise specific to both the commercial and DoD healthcare markets.
August 17, 2015
09:36 EDTACNAccenture acquires Total Logistics, terms not disclosed
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08:04 EDTACNAccenture to acquire Schlumberger Business Consulting
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07:39 EDTIBMTMC to hold a conference
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August 16, 2015
13:59 EDTIBMIBM product development strategy leaves cause for concern, Barron's says
IBM's hefty dividend and buyback programs have expended upward of 80% of operating cash flow in the past three years, and the company's "thin" R&D investments should give investors a "reason to be concerned," Barron's contends in its 'Technology Trader' column. Reference Link
August 14, 2015
13:03 EDTIBMOmega Advisors gives quarterly update on stakes, discloses stake in Google
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07:12 EDTINFYInfosys Finacle announces partnership with Payveris
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07:04 EDTINFYInfosys Finacle, Payveris announced strategic partnership
Infosys Finacle and Payveris announced a strategic partnership. The two entities will jointly provide integrated payment solutions to banks and credit unions throughout the United States. The offering will facilitate bill payments and innovative money movement services such as interbank transfers and person-to-person payments. Through this partnership, the two organizations will integrate Finacle's Universal Banking Solution and Payveris' modular, open API-driven Digital Payments Platform to offer cloud-based banking services to community financial institutions in the U.S. The fully integrated solution will enable financial institutions to boost agility and efficiency of their operations, accelerate growth and improve customer experience across channels. The partnership will strengthen Infosys Finacle's core banking, e-banking and mobile banking offerings in the U.S. through the addition of Payveris' omni-channel digital payments capability.

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