Indian IT icon Infosys always preferred bigger profits over higher revenues. But over the last three years, its larger rival TCS has overtaken it in both revenue and profits.Since Thursday, after both companies announced their results, the Infosys stock has been pummelled, while TCS has stayed in the green. TCS' results beat market expectations, Infosys' did not.TCS has beaten Infosys in both revenue and profit growth. Over time, investors have grown comfortable with the ritual of Infosys predicting its future earnings expectations, its 'guidance'.
It is another defining moment for Wikipedia. The public knowledge website is more than a decade old and remains among the top 10 Internet sites in the world, but some say it is becoming old and dowdy. Others want to keep it that way. At the "Wikimania" event held in Washington held over the past week, several hundred members of the "wiki" community gathered for talks about the site and a two-day "hackathon," aimed at improving Wikipedia.
US semiconductor maker Nvidia Corp. says up to 400,000 users of its forums have had their encrypted passwords compromised in attacks dating back to early July. It's the latest in a stream of data thefts which has hit major Internet companies over the past few weeks. Search provider Yahoo, networking sites LinkedIn and FormSpring, and dating site eHarmony have all recently reported breaches which collectively compromised the online credentials of millions of users.
A squeeze on billing rates is clouding the outlook for India's IT industry, which is feeling the pain of discount demands from its key financial sector clients.Infosys, India's No.2 software services exporter, said on Thursday pricing fell by 3.7 per cent in the June quarter from the previous quarter, and larger rival Tata Consultancy Services said prices fell about 1 per cent.BG Srinivas, Infosys' head of financial services and Europe, told analysts the company faced pressure to discount from the financial sector, the firm's biggest client segment.
Apple's next-generation iPhone popularly being referred to as iPhone 5 is launching on August 7, claims a blog on Know Your Mobile website. The website makes this claim citing "a reliable industry source" who, it says, has stated that the Cupertino-based tech giant will launch the device during a keynote speech.Earlier, the same website had reported that the launch date of iPhone 5 has been pushed ahead to August in order to compete better againstSamsung Galaxy S III.
