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Blue Star Infotech has a record year, total income grows 47 Pct to Rs. 18,853 Lakhs in FY 12-13, while PAT grows by 40 Pct
2013-05-10
Blue Star Infotech, a software services and solutions provider, reported 26% increase in consolidated total income at Rs. 5,136 lakhs for the quarter ended March 31, 2013 compared to Rs. 4,066 lakhs last year.
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D-Link India records 58.56 Percent growth in revenues and 75 Percent growth in Net Profits for FY2012-13
2013-05-07
At the recent board meeting held on 1st May 2013 D-Link (India) Limited announced its financial results for year ending 31st March 2013. The revenue for FY 2012-13 was up by 58.56% at Rs. 35,370.22 lakhs...
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NEC Acquires Full Ownership of Indian Software Company
2013-03-28
NEC and HCL Technologies reached an agreement for NEC to obtain full control of NEC HCL Systems Technologies, a joint venture software company. Based on the agreement, NEC will acquire HCLT's 49% share of NHST.
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Union Budget 2013: Reactions from the IT Industry - Part III
2013-03-01
The Union Budget 2013-2014 has been an affirmative, balanced and realistic one that will boost our economic growth, even though it hasn't been particularly relevant from an IT hardware and software perspective.
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Union Budget 2013: Reactions from the IT Industry - Part II
2013-02-28
Manufacturers' Association for Information Technology (MAIT) has expressed its disappointment with the Union Budget 2013, saying that it has failed to protect the interest of local IT manufacturing in the country.
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Union Budget 2013: Reactions from the IT Industry
2013-02-28
The FM's intentions are very clear: to move India back to a higher growth plane. And given his lack of runway, he has taken lots of small measures which together could boost growth.
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Edimax Successfully Achieves 150 Percent YoY Growth
2013-02-27
Edimax Technology, a provider of advanced network communication products, has achieved 150% YoY growth. In 2012, 70% of the business was generated in the SOHO segment followed by 15% in SMB and 10% in Surveillance segment.
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Gartner: Indian Government to Spend 368 Billion Rupees on IT in 2013
2013-02-06
According to Gartner Inc., the Government of India (GoI) will spend 368 billion rupees on IT products and services in 2013, an increase of 10.5% over 2012 revenue of 333 billion rupees.
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Siemens Ltd. announces Q1 2013 results; Profit after Tax up by 21 Percent
2013-02-01
For the first quarter of Financial Year 2013 ended December 31, 2012, Siemens Ltd. registered Profit after Tax (PAT) of Rs. 73.07 crores, up by 21% over PAT of Rs. 60.2 crores in Q1 2012.
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D-Link India Records 68.75 Percent Growth for Nine months ended 31.12.2012
2013-01-31
D-Link (India) Limited, the end-to-end networking solution provider for consumers and businesses, announced the unaudited financial result for the Quarter and Nine months ended 31st December 2012...
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Guavus Acquires Neuralitic Systems
2013-01-24
Guavus, a provider of big data analytics solutions, announced it has acquired Neuralitic Systems, the mobile data monetization and marketing analytics experts serving the telecommunications industry.
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NIIT Technologies reports 18.8 Percent revenue growth for Q3 FY13
2013-01-16
NIIT Technologies Ltd., an IT solutions organization, announced its financial results for the quarter ended December 31, 2012, with a revenue increase of 18.8% over the same period last year...
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EXL Reports 2012 Second Quarter Results
2012-08-01
ExlService Holdings, a provider of outsourcing and transformation services, announced its financial results for the second quarter of 2012. Revenues for the quarter ended June 30, 2012 were $108 million compared to $85 million...
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Datamatics Global Services FY12 Net Sales up 60.5 Percent at Rs. 441.89 crore
2012-05-31
Datamatics Global Services (DGSL) announced the financial results for the fourth quarter and financial year ended as on March 31, 2012. DGSL's net sales increased by 60.5% from Rs. 275.23 crore for FY11 to Rs. 441.89 crore for FY12.
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Bharti Airtel to Acquire 49 Pct Stake in Qualcomm AP's India BWA Entities
2012-05-25
Bharti Airtel and Qualcomm have signed an agreement for Bharti to acquire a 49% interest in Qualcomm Asia Pacific's (Qualcomm AP) Indian broadband wireless access (BWA) entities.
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Kale Q3 Consolidated Revenues at Rs. 511 million
2012-05-11
Kale Consultants, an Accelya group company and a leading solutions provider to the Airline and Travel industry, has recorded consolidated revenues of Rs. 511.46 million for the quarter ended March 31,2012...
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Ybrant to Buy PriceGrabber, LowerMyBills & ClassesUSA.com from Experian
2012-05-11
Ybrant Digital, a digital marketing company, announced that it will acquire PriceGrabber, LowerMyBills and ClassesUSA.com from Experian, an information services company, for around $175 million.
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Geodesic reports revenues of Rs. 230 crore for Q4 - FY 2012
2012-05-09
Geodesic Ltd. today announced financial results for the quarter ended March 31, 2012. Geodesic reported revenues of Rs. 230 crore for the quarter ended March 31, 2012 and earnings of Rs. 61 crore for the quarter.
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Mindteck Reports Year-End Results for 2011-2012
2012-05-08
Mindteck (India) Ltd., a product engineering and IT solutions company, today reported its audited financial results for the year ended March 31, 2012 and unaudited results for the last quarter ended March 31, 2012.
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CallidusCloud Acquires 6FigureJobs
2012-05-08
Callidus Software, a leader in sales effectiveness and cloud computing, announced its acquisition of an executive career community and job board, 6FigureJobs. The acquisition extends CallidusCloud's Hiring Cloud suite.
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Nucleus Software announces FY 12 Results
2012-05-02
Nucleus Software's consolidated revenue for the year ended March 31, 2012 is at Rs. 282.25 crore in comparison to Rs. 270.48 crore in the previous year. The consolidated EBITDA is at Rs. 35.55 crore...
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Fitch Affirms Bharti Airtel at 'BBB-'; Outlook Negative
2012-04-30
Fitch Ratings has affirmed Bharti Airtel's Long-Term Foreign Currency Issuer Default Rating at 'BBB-'. The Outlook is Negative. The Negative Outlook reflects Bharti's exposure to adverse regulatory changes in India.
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Zensar Announces excellent working results for Fourth Quarter and Fiscal Year 2011-12 Q4 Revenues grow 32 Percent
2012-04-25
Zensar Technologies today announced consolidated results for the year ended 31st March, 2012. Revenue was up from Rs 1138.30 Cr to Rs 1782.48 showing a 56.6 % growth year on year.
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LANDesk Acquires Data Analytics Company
2012-04-25
LANDesk Software, a global leader in systems lifecycle management, endpoint security and IT service management, today announced the acquisition of Managed Planet.
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Geometric revenues rise 30.2 Percent for FY12
2012-04-23
Geometric Ltd. announced its Q4 and annual results for FY 2011-2012 at the board meeting held today. The company recorded operating revenues of Rs. 2,249.30 million for the quarter ended March 31, 2012...
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Stratasys and Objet Agree to Combine to Create a Leader in 3D Printing and Direct Digital Manufacturing
2012-04-17
Stratasys Inc. and Objet Ltd. announced that the boards of directors of both companies have approved a definitive merger agreement under which the companies would combine in an all-stock transaction...
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Aditya Birla Capital Advisors announces Investment of Rs.100 Crores in Trimax IT Infrastructure and Services Ltd.
2012-04-16
Aditya Birla Capital Advisors announced an investment of Rs. 100 Crores from Aditya Birla Private Equity - Fund I in Mumbai based Trimax IT Infrastructure and Services Limited.
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iGATE Accepts Patni Delisting Offer of Rs. 520/-
2012-04-09
iGATE announced the results of the Delisting offer of its unit Patni Computer Systems from the Indian Stock Exchanges. Announcing the process as a success, iGATE accepted the discovered price of Rs.520/-...
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Union Budget 2012: Reactions from the IT Industry - Part III
2012-03-16
The benefits announced for key sectors like infrastructure, agriculture and education are bound to improve the overall economic scenario. However, the budget does not bring any relief to the consumer electronics industry.
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Union Budget 2012: Reactions from the IT Industry - Part II
2012-03-16
COAI has expressed its disappointment in the Union Budget as announced by the FM today. The budget announced does not address critical issues related to the telecom as well as infrastructure sectors of the country.
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Union Budget 2012: Reactions from the IT Industry
2012-03-16
From an IT sector perspective, there is nothing specific that is either a strong negative or positive. Some of the key areas of concern for the industry, like skills development have not received any major focus.
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RCOM Receives RBI Approval for Refinancing of Outstanding FCCBs
2012-02-17
Reliance Communications announced that it has received approval from RBI for the refinancing being provided by ICBC, CDB and EXIM for redemption of its outstanding FCCBs (Foreign Currency Convertible Bonds).
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Datamatics Global Services 9MFY12Net Sales up 59.5 Percent at Rs. 324.2 crore
2012-01-31
Datamatics Global Services announced the financial results for the third quarter ended as on December 31, 2011. The company's net sales increased by 59.5% from Rs. 203.31 crore for 9MFY11 to Rs. 324.20 crore for 9MFY12.
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PTC Announces Strong Q1 Results, Increases FY'12 and Long-Term Targets
2012-01-27
PTC, today reported results for its first fiscal quarter ended December 31, 2011. PTC also announced an organizational realignment and restructuring to drive long-term growth and enhanced profitability.
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Tata Communications Q3 Gross Revenues Grow 19 Percent
2012-01-27
Tata Communications reported that consolidated gross revenues were at Rs. 36,041 million in the quarter ended December 31, 2011, up 19% from the Rs. 30,180 million reported in the same quarter last year.
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Greenlight Technologies Continues Impressive Growth and Expansion in 2011
2012-01-25
Greenlight Technologies, a leader in continuous, real-time enterprise business control monitoring software, announced today its operating results for fiscal year 2011. The company realized significant growth in sales bookings, revenue...
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SAS achieves double-digit growth, rockets 12 percent to record $2.725 billion
2012-01-24
SAS, the leader in business analytics software and services, achieved record global revenue of $2.725 billion in 2011. SAS marked double-digit growth in its 36th profitable year as organizations sought to uncover business opportunity...
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NIIT Technologies reports 44 Pct revenue growth and 34 Pct rise in Net Profits during Q3 FY12
2012-01-18
NIIT Technologies, an IT solutions organization, today announced its consolidated financial results for the quarter ended December 31, 2011, with a revenue increase of 44% over the same period last year to Rs. 433 crores.
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MindTree's Q3 Revenue grows 2.3 Pct QoQ and 21.6 Pct YoY in USD terms. PAT increases 79.8 Pct YoY and stable QoQ
2012-01-18
MindTree Limited, a global IT and Product Engineering Services Company, announced its consolidated results today for the third quarter ended December 31, 2011 as approved by its Board of Directors.
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Infosys Reports Q3 Revenues of Rs. 9,298 crores, up 30.8 Percent
2012-01-12
Infosys announced its results for the third quarter ending December 31, 2011. Revenues for the quarter were Rs. 9,298 crores, up 30.8% from the same period last year and 14.8% from the previous quarter.
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