MUMBAI/BANGALORE (Reuters) – A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

Global banks that ship work to be processed in India, either in-house or to big IT services vendors, were already under pressure to step up oversight of back-office functions after a series of scandals last year.

MUMBAI/BANGALORE (Reuters) – A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

Global banks that ship work to be processed in India, either in-house or to big IT services vendors, were already under pressure to step up oversight of back-office functions after a series of scandals last year.

BANGALORE/MUMBAI (Reuters) – The openness that made IT services outsourcer Infosys Ltd(INFY.NS: Quote, Profile, Research) an investor darling has come back to haunt it.

For years, Infosys was an industry bellwether for not just giving revenue and earnings guidance but usually exceeding it, making it an outlier in a country where very few companies offer guidance and corporate transparency is often lacking.

BANGALORE/MUMBAI, April 25 (Reuters) – The openness that
made Indian IT services outsourcer Infosys Ltd an
investor darling has come back to haunt it.

For years, Infosys was an industry bellwether for not just
giving revenue and earnings guidance but usually exceeding it,
making it an outlier in a country where very few companies offer
guidance and corporate transparency is often lacking.

BANGALORE (Reuters) – Wipro Ltd (WIPR.NS: Quote, Profile, Research), India’s third-largest software services provider, forecast on Friday weaker-than-expected revenue for the June quarter, including a possible decline in revenue.

Wipro, whose customers include Citigroup Inc and Apple Inc, projected first-quarter revenue for its IT services business to be in a range of $1.58 billion to $1.61 billion – a decline of 0.6 percent to a rise of 1.6 percent over the previous quarter. That compares with a rise of 1 to 4 percent that analysts were expecting.

BANGALORE, April 19 (Reuters) – Wipro Ltd, India’s
third-largest software services provider, forecast on Friday
weaker-than-expected revenue for the June quarter, including a
possible decline in revenue.

Wipro, whose customers include Citigroup Inc and Apple Inc,
projected first-quarter revenue for its IT services business to
be in a range of $1.58 billion to $1.61 billion – a decline of
0.6 percent to a rise of 1.6 percent over the previous quarter.
That compares with a rise of 1 to 4 percent that analysts were
expecting.

BANGALORE (Reuters) – HCL Technologies Ltd, India’s fourth-biggest software services provider, beat analysts’ estimates with a 73 percent rise in quarterly profit after winning orders and reducing staff for the second quarter in a row.

Net profit rose to 10.4 billion rupees ($193 million) in its fiscal third-quarter ended March 31 from 6 billion rupees in the year-earlier period, said HCL Technologies, whose customers include Finnish mobile phone maker Nokia Oyj.

BANGALORE (Reuters) – HCL Technologies Ltd(HCLT.NS: Quote, Profile, Research), India’s fourth-biggest software services provider, beat analysts’ estimates with a 73 percent rise in quarterly profit after winning orders and reducing staff for the second quarter in a row.

Net profit rose to 10.4 billion rupees in its fiscal third-quarter ended March 31 from 6 billion rupees in the year-earlier period, said HCL Technologies, whose customers include Finnish mobile phone maker Nokia Oyj(NOK1V.HE: Quote, Profile, Research).

BANGALORE, April 17 (Reuters) – HCL Technologies Ltd
, India’s fourth-biggest software services provider,
beat analysts’ estimates with a 73 percent rise in quarterly
profit after winning orders and reducing staff for the second
quarter in a row.

Net profit rose to 10.4 billion rupees ($193 million) in its
fiscal third-quarter ended March 31 from 6 billion rupees in the
year-earlier period, said HCL Technologies, whose customers
include Finnish mobile phone maker Nokia Oyj.

BANGALORE, April 12 (Reuters) – Infosys Ltd
forecast full-year sales growth that missed analyst expectations
by a margin of up to 50 percent, dimming investor hopes that
India’s No.2 software services firm will soon start reaping the
benefits of its strategic revamp.

Infosys forecast on Friday dollar revenue to grow between 6
percent and 10 percent for the fiscal year that began this
month. That was less than analysts’ estimates for revenue growth
of as much as 12 percent, and slower than a gain of 12 to 14
percent expected for the overall industry. Shares of Infosys
tumbled as much as about 20 percent.