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Mphasis and Flagstar Bank Mark Major Milestone by Completing First Phase of Modernizing the Bank's Technology Infrastructure
Prnewswire· 2026-03-30 18:17
Core Insights - Mphasis and Flagstar Bank have successfully completed the first phase of a technology modernization program, establishing a next-generation data center and cloud platform to enhance operational resilience and performance [1][2]. Group 1: Partnership and Objectives - The collaboration aims to create a scalable technology platform that meets Flagstar's evolving business needs and supports future innovations in digital banking [2]. - Flagstar's modernization effort was driven by the need to consolidate six legacy data centers due to recent acquisitions, positioning the bank as a leading regional bank [2]. Group 2: Implementation and Achievements - The first phase involved the design, installation, and certification of two next-generation data centers, consolidating six into two within approximately twelve months, a timeline that is rarely achieved for such large-scale projects [3]. - Mphasis successfully migrated hundreds of business-critical applications to the new platform with zero downtime, significantly improving disaster recovery capabilities and operational resilience [5]. Group 3: Future Directions - The partnership will continue into the next phase, focusing on modernizing Flagstar's applications and operations by leveraging AI and next-generation technologies to support future growth [5]. - The transformation is expected to enhance Flagstar's ability to respond to evolving customer needs and market opportunities, thereby strengthening its competitive position [5].
Kyndryl Awarded a Texas Department of Information Resources Contract to Provide Technology Services to State and Local Governments
Prnewswire· 2026-03-30 13:00
Kyndryl Awarded a Texas Department of Information Resources Contract to Provide Technology Services to State and Local Governments Accessibility StatementSkip Navigation Deliverables-based IT services contract access provides Texas agencies with a streamlined path to modernization, cyber resilience and responsible AI adoption NEW YORK, March 30, 2026 /PRNewswire/ -- Kyndryl(NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced it has been awarded a contract by ...
Enlight Research raises valuation and target share price for INVL Technology to EUR 5.05
Globenewswire· 2026-03-30 06:21
Core Insights - Enlight Research has updated its valuation of INVL Technology, increasing the target share price to EUR 5.05 from EUR 4.25, with optimistic and conservative scenarios valuing the shares at EUR 6.01 and EUR 4.09 respectively [2] Financial Performance - INVL Technology's portfolio companies generated EUR 22 million in revenue in Q4 2025, exceeding forecasts by 23%, while EBIT reached EUR 2.2 million, three times above expectations [3] - Annual EBIT rose to EUR 6 million, with an improved margin of 9.1%, up from 6.0% the previous year [3] - The net asset value (NAV) per share increased by 26% to EUR 5.40, with the share price on Nasdaq Vilnius at EUR 4.18, reflecting a 23% discount to NAV [5] Valuation Updates - Deloitte increased the value of companies managed by INVL Technology by 30% to EUR 70 million as of December 31, 2025, with Novian and NRD Cyber Security being the main contributors [4] - Enlight Research assessed the overall value of INVL Technology's managed portfolio at EUR 73.8 million, which is 5% higher than the independent valuation [4] Future Projections - Enlight Research raised sales forecasts for 2026-2027 by 5-6% and EBIT projections by 38% for the same period, driven by improved operational indicators [5] Company Overview - INVL Technology manages cybersecurity firm NRD Cyber Security, GovTech business group NRD Companies, and IT services company Novian, and is in the process of divesting its portfolio, aiming for completion by 2028 [6]
Mcap: 7 of top-10 most valued firms shed ₹1.75 lakh cr; Reliance biggest laggard
BusinessLine· 2026-03-29 09:01
Market Valuation Impact - The combined market valuation of seven of the top-10 most valued firms decreased by ₹1.75 lakh crore during a holiday-shortened week, with Reliance Industries experiencing the largest decline [1] - The market capitalization of Reliance Industries fell by ₹89,720.3 crore to ₹18,24,515.62 crore [4] - HDFC Bank's valuation decreased by ₹37,248.59 crore to ₹11,64,018.69 crore [4] - State Bank of India lost ₹35,399.42 crore, bringing its market valuation to ₹9,41,569.15 crore [6] - ICICI Bank's market capitalization dropped by ₹8,121.76 crore to ₹8,83,551.30 crore, while Bharti Airtel's valuation declined by ₹2,480.42 crore to ₹10,50,413.33 crore [6] - Hindustan Unilever's market capitalization diminished by ₹2,091.13 crore to ₹4,87,540.19 crore, and Tata Consultancy Services (TCS) dipped by ₹271.35 crore to ₹8,64,668.65 crore [6] Market Trends and Influences - The BSE benchmark Sensex lost 949.74 points or 1.27%, and the NSE Nifty fell by 294.9 points or 1.27% [1] - The market ended the week on a weaker note due to heightened volatility amid fluctuating global cues and escalating geopolitical tensions in the Middle East [2] - Early losses were attributed to concerns over energy supply disruptions and a weakening rupee, which reached a record low [2] - A mid-week recovery occurred due to hopes of a temporary de-escalation in US-Iran tensions, but renewed selling pressure on Friday erased these gains [4] Positive Market Movements - Bajaj Finance's market capitalization increased by ₹8,680.36 crore to ₹5,25,395.48 crore [7] - Infosys added ₹6,245.3 crore to its valuation, bringing it to ₹5,15,034.67 crore [8]
Decision of the US District Court for the Southern District of New York in the TriZetto re-trial
Globenewswire· 2026-03-28 17:34
Core Points - The US District Court for the Southern District of New York ordered Syntel to pay $236.9 million (approximately €204.1 million) to Cognizant/TriZetto as part of the ongoing litigation [1][2][3] - The court awarded pre-judgment interest at a rate of 9% from January 9, 2018, which will be added to the total amount owed [2] - The decision follows a jury's findings from June 30, 2025, which confirmed compensatory damages of $69,977,813 and reduced punitive damages to $139,955,626, contingent on TriZetto's acceptance [6] Company Overview - Atos Group is a global leader in digital transformation with approximately 63,000 employees and annual revenue of around €8 billion, operating in 61 countries [3][4] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, focusing on a secure and decarbonized future [3] - Atos Group operates under two brands: Atos for services and Eviden for products, and is committed to providing AI-powered, end-to-end solutions across various industries [3][4]
ACN Continues to Focus on AI Development: Is it a Growth Catalyst?
ZACKS· 2026-03-27 17:41
Core Insights - Accenture plc has announced an investment in DaVinci Commerce to enhance its capabilities in agentic AI-powered commerce [1][3] - The investment includes a strategic partnership with Accenture Song to assist brands in transitioning to AI-driven commerce models [2] Group 1: Investment and Partnerships - Accenture's investment in DaVinci Commerce highlights its commitment to the emerging field of agentic AI-led shopping, where intelligent systems influence purchasing decisions [3] - The partnership with Accenture Song aims to improve personalization and competitiveness for clients as agentic commerce evolves [2] Group 2: AI and Cybersecurity Developments - Accenture and Anthropic have launched Cyber.AI to shift cybersecurity from reactive to automated operations, addressing rising AI-related cyber risks [4] - The expanded collaboration with Microsoft focuses on integrating agentic AI into cybersecurity operations, enhancing threat detection and response through the MxDR platform [5] Group 3: Market Performance and Valuation - Accenture's shares have decreased by 20.5% over the past six months, compared to a 23.9% decline in the Zacks Computers - IT Services industry [7] - The Zacks Consensus Estimate for Accenture's earnings per share for full-year 2026 and 2027 has improved over the past 90 days [10] - Accenture currently trades at a 12-month forward price-to-sales ratio of 1.59X, which is lower than industry levels [12]
Sword Group: H2 2025 Report of the Liquidity Agreement contracted with ODDO BHF
Globenewswire· 2026-03-27 17:07
Group 1 - As of December 31, 2025, the liquidity account for Sword Group held 12,827 shares and €262,055, reflecting a decrease in resources compared to June 30, 2025, when it had 4,088 shares and €567,563 [1] - During the semester, a total of 1,340 purchase transactions were executed [1] - The liquidity contract is executed in accordance with AMF Decision No. 2018-01, which establishes liquidity contracts on equity securities as accepted market practice [1] Group 2 - Sword Group employs over 3,600 IT and digital specialists across more than 50 countries, focusing on supporting organizations in their digital growth [2] - The company is recognized as a leader in technological and digital transformation, particularly in managing complex IT and business projects [2] - Sword Group aims to optimize processes and enhance data for its clients [2] Group 3 - During the semester, 72,617 shares were purchased for a total amount of €2,625,099.35, while 63,878 shares were sold for €2,319,591.90 [4] - The number of sale transactions executed during the semester was 1,323 [4]
Sword Group: Availability of preparatory documents for the Ordinary General Meeting of 28 April 2026
Globenewswire· 2026-03-27 17:07
Group 1 - The Ordinary and Extraordinary General Meeting of Shareholders of Sword Group SE is scheduled for 11 a.m. on 27 March 2026, with the agenda published in the RESA and Luxemburger Wort [1] - Shareholders can access necessary documents and the Single Form for participation, postal voting, and proxy on the Company's website and at the registered office from the publication date until the day after the General Meeting [2] - Registered shareholders must submit the completed Single Form and any applicable registration certificate to the Company by 24 April 2026 via email [3] Group 2 - Sword Group employs over 3,600 IT/Digital specialists across more than 50 countries, focusing on supporting organizations in their digital growth [3] - The Company is recognized as a leader in technological and digital transformation, specializing in complex IT and business project management [4] - Sword Group aims to optimize processes and enhance data for its clients [4]
Sword Group : Availability of the 2025 Financial Report
Globenewswire· 2026-03-27 17:06
Group 1 - Sword Group has made its 2025 Financial Report publicly available, filed with the Commission de Surveillance du Secteur Financier (CSSF) and the Luxembourg Stock Exchange [1] - The financial report can be viewed and downloaded from the company's website [1] - Sword Group employs over 3,600 IT and digital specialists across more than 50 countries, focusing on supporting organizations in their digital growth [1] Group 2 - Sword Group is recognized as a leader in technological and digital transformation, with a strong reputation in managing complex IT and business projects [2] - The company specializes in optimizing processes and enhancing data for its clients [2]
Stock markets dive over 2 pc amid geopolitical uncertainties, rising crude prices
BusinessLine· 2026-03-27 13:05
Market Overview - Equity benchmark indices Sensex and Nifty fell over 2 percent as investors engaged in profit-booking after a two-day rally, influenced by weak global cues [1] - Ongoing tensions between the US and Iran have negatively impacted market sentiment, raising concerns about potential near-term de-escalation [1] Market Performance - The BSE Sensex dropped 1,690 points to close at 73,583, while the NSE Nifty decreased by 486 points to settle at 22,819 [2] - Key losers from the Sensex included Reliance Industries, InterGlobe Aviation Limited, Bajaj Finance, State Bank of India, Eternal Limited, and HDFC Bank, while Tata Consultancy Services, Bharti Airtel, and Power Grid Corporation were the only gainers [2] Contributing Factors - The market downturn was exacerbated by rising crude oil prices, a weakening rupee against the US dollar, and continued foreign fund outflows [1]