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Infosys signs agreement to divest all its investments in OnMobile Systems for $2.49 million
•In a separate filing, BSE-listed OnMobile Global (OGL) said Telesystem had acquired Infosys' stake in OnMobile Systems.
Wipro July-Oct net profit up 6% at Rs 2,192 cr, IT services revenue seen rising next quarter
•Some analysts doubted the year-end forecast. The forecast range is wide and gives no clear indication of any possible traction, they said
Microsoft to place emphasis on cloud-computing products; likely to cut down sales team
Tech2 News Staff •Microsoft recently acquired an Israel-based cloud management company Cloudyn.
Wipro clarifies that date to issue ADR bonus has not been decided
Fp Archives •Wipro's U.S. listed shares have been down nearly 6 percent over the past four sessions, following media reports of a sale of a part or whole company. However, the company denied the news reports last week.
Infosys boost to local hires in US may help lobbying more than bottomline
Narayanan Madhavan •What companies such as Wipro, Infosys and Tata Consultancy Services gain from hiring more people locally is a bargaining chip with local authorities
Aircel, NEC Partner For Cloud Solutions
Fp Archives •The focus will be on enterprise grade offerings such as collaboration, CRM, ERP, HRMS and video conferencing.
Sundaram Infotech Forays Into Australia
Fp Archives •The company is all set to target Australian companies with its software service offerings.
Kerala Company To Provide Software Services To US Firm
Fp Archives •US Technology International has signed a multi-year, multi-million-dollar agreement to provide software development and testing services to H&R Block of Kansas City, the US.
Kerala Company To Provide Software Services To US Firm
Fp Archives •US Technology International has signed a multi-year, multi-million-dollar agreement to provide software development and testing services to H&R Block of Kansas City, the US.
According to a study companies are shifting R&D away from hardware into software and services
Fp Archives •Research and development spending by the world's biggest companies is accelerating into software and services while investment in physical products is falling sharply, an annual study by consulting firm PwC's Strategy& unit has found.