For Immediate Release

Chicago, IL – October 19, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cognizant (CTSH), UBS AG (UBS), Infosys Technologies Ltd (INFY), Repsol YPF S.A. (REP) and Eni S.p.A. (E).

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Here are highlights from Friday’s AnalystBlog:

Cognizant Buys UBS ISC

Cognizant (CTSH) recently announced a definitive agreement to acquire UBS India Service Centre Private Limited for about $75 million. Based in India, UBS ISC is a captive service provider to UBS AG (UBS) and currently employs 2,000 associates.

Headquartered in Zurich

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Cognizant (CTSH) recently announced a definitive agreement to acquire UBS India Service Centre Private Limited for about $75 million. Based in India, UBS ISC is a captive service provider to UBS AG (UBS) and currently employs 2,000 associates. Headquartered in Zurich and Basel, Switzerland, UBS AG is a global firm providing services to private, corporate and institutional clients. New Jersey-based Cognizant is a leading provider of consulting, technology and business process outsourcing (BPO) services. The transaction is expected to close by the end of 2009. As part of the transaction, UBS and Cognizant have entered into a multi-year service agreement under which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT, and remote infrastructure management services to UBS divisions around the globe. Cognizant aims to help these divisions to reduce time-to-market, expand service delivery, and improve productivity, operational efficiency ...

Cognizant Technology Solutions Corp. (CTSH) recently announced that it has acquired almost all of the assets of Pepperweed Advisors, the IT consulting services division of Pepperweed Consulting. Management expects that the acquisition will strengthen Cognizant's IT Infrastructure Services (IT IS) practice in two areas - IT Service Management (ITSM) and IT Asset Management (ITAM). Cognizant clients should benefit from a broader process consulting portfolio with the addition of Pepperweed’s capabilities. Other terms of the transaction were not disclosed. New Jersey based Cognizant is a leading provider of consulting, technology and business process outsourcing (BPO) services. Yesterday, at a technology conference, management stated that the demand environment remains positive and the increase in demand for the company’s services continued into the third quarter as well after a strong second quarter. Last month, Cognizant posted strong results for the second quarter and upgraded its ...

Cognizant Technology Solutions (CTSH) recently announced expansion of operations at its Phoenix delivery center. New Jersey-based Cognizant is a leading provider of consulting, technology and business process outsourcing (BPO) services. The company’s Phoenix center will initially provide claims processing services to one of the largest healthcare plans in the U.S. There is a lot of opportunity for growth in the booming healthcare sector. As the company adds BPO services to the existing roster of application development, application maintenance, testing and related services at the Phoenix center, it plans to hire more than 100 professionals in the next twelve months thereby increasing the headcount to 400 in Phoenix. Phoenix is one of Cognizant's six delivery centers in the U.S. The company also has centers in Eastern Europe, India and China. Earlier this month, Cognizant posted strong results for the second quarter and upgraded its guidance ...

Cognizant Technology Solutions Corp. (CTSH) yesterday reported revenue of $776.6 million, up 13% year over year and up 4% sequentially, beating management’s guidance of $760 million. Financial services, which accounts for 43% of total revenues, displayed signs of stability.

Headquartered in Teaneck, New Jersey, Cognizant is a leading provider of information technology, consulting and business process outsourcing services for Fortune 1000 customers.

GAAP operating margin came in at 19.5% compared to 17.5% in the year-ago quarter. Excluding stock based compensation expense of $8.4 million and stock-based Indian fringe benefit tax expense of $1.3 million, non-GAAP operating margin was 20.8%, above the company's targeted range of 19% -20%.

GAAP EPS came in at $0.47 compared to $0.35 in the previous quarter. Non-GAAP EPS (excluding stock based compensation and stock-based Indian fringe benefit tax expense) came in at $0.50 easily beating the Zacks consensus of $0.37.

Based on a strong

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IRVINE, Calif., July 21 /PRNewswire/ — SectorWatch.biz announces the availability of MarketStats for leading IT and Communications equities in the news and driving markets today. MarketStats offers a perspective on the aforementioned equities and the opportunity for investors to respond with articles, blogs and opinions.

Investors can view MarketStats by visiting: www.SectorWatch.biz – a division of FiSpace.net, a dynamic social networking site for investors.

Today’s MarketStats for IT and Communications companies include Tie Technologies, Inc. (Pink Sheets: TTCS), Infosys Technologies Ltd. (Nasdaq: INFY), Atheros Communications, Inc. (Nasdaq: ATHR), Wipro Limited (NYSE: WIT), Satyam Computer Services Ltd. (NYSE: SAY), and Pervasive Software Inc. (Nasdaq: PVSW).

An audio interview featuring Tie Technologies, Inc. can be heard here: http://www.smallcapvoice.com/ttcs/index.php

View a fact sheet on Tie Technologies, Inc. here: http://www.smallcapvoice.com/ttcs/factsheet.html

TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for users’

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India's Foreign Currency Reserve Moves Up

In a recent report released by the Reserve Bank Of India (RBI), the regulatory bank stated that India's forex reserves rose by US$ 8 million to US$ 263.652 billion for the week ended June 19, compared with US$ 263.644 billion a week ago.

Assets denominated in foreign currency increased by US$10 million to US$252.808 billion during the week against US$252.798 billion in the previous week. This gives the regulatory bank enough power to control unwanted exchange rate fluctuation.

The US dollar-denominated foreign currency assets include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves, RBI stated in its release. The country's gold reserves and special drawing rights (SDRs), remained unchanged at US$ 9.604 billion and US$1 million respectively during the period.

RBI also

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Contributing EditorMoney Morning

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India remains a …

India’s information technology industry is one of the largest operations in the world – employing millions of engineers, technicians and customer service specialists who serve the world’s second-largest population.

The industry has enabled socio-economic development, enhanced economic growth and productivity, reduced poverty, and improved standards of living across the board. It’s even helped develop nuclear power in India.

And the company standing at the top of India’s IT mountain is not Infosys Technologies Ltd (INFY) or Tata Consultancy Services. And it’s certainly not Satyam Computer Services (ADR: SAY).

It’s Armonk, N.Y.-based International Business Machines Corp. (IBM).

“They’ve beaten their competition relatively handily,” Kaufman Bros.’s Karl Keirstead told Bloomberg, who pointed to IBM’s brand name and experience as draws for potential clients. “There’s a cachet in using IBM.”

IBM’s model is the anti-model. Whichever country the company is working in, it has

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For Immediate Release

Chicago, IL - March 27, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cognizant Technology Solutions Corp. (CTSH), Infosys Technologies, Ltd. (INFY), Wipro Ltd. (WIT), Amgen, Inc. (AMGN) and AK Steel (AKS).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Thursday's Analyst Blog:

Cognizant Sails in Choppy Waters

Recent outlook for companies in the IT Services sector has not been positive, and the sentiment has been supported by datapoints through CY2009. However, companies like Cognizant Technology Solutions Corp. (CTSH), Infosys Technologies, Ltd. (

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