Cognizant a serious challenger to IBM, Accenture

CHENNAI/BANGALORE: Cognizant Technology Solutions kept up its searing pace of expansion in the July-September quarter, establishing itself as the clear growth leader for India-based rivals to emulate and mounting a serious challenge to multinational competitors such as IBM and Accenture. For the fifth quarter in a row, Cognizant's revenue growth...

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HCL Tech beats Wipro in engineering services

BANGALORE: Wipro Technologies, which has for years been the market leader in outsourced engineering and R&D (ERS) services in India, has just been upstaged by HCL Technologies. In the quarter ended September, HCL Tech reported $186 million in ERS revenues, against Wipro's $184 million. HCL Tech said that two years ago, in the July-September 2009 quarter, the company was behind Wipro by $54 million (annually a difference of about $200 million). That means HCL Tech has seen a sharp rise in ERS revenues from $117 million two years back to...

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