Finextra: Eagle Investment System LLC and Patni Computer Systems (NYSE: PTI) today entered into a strategic alliance. Due to rising competition and also to tap the growing business opportunities both the companies feel this alliance will be beneficial to both of them. They will focus to provide leading spectrum of services and better [...]
Patni Computer Systems (NYSE: PTI) continues to drift lower after recent lackluster earnings and back to back downgrades from Goldman Sachs and Jeffries & Co.
- Goldman Sachs downgraded the stock from ‘In-Line’ to ‘Underperform’
- Jeffries & Co. downgraded the stock from ‘Buy’ to ‘Hold’
Patni Computer Systems has severely underperformed since its IPO. [...]
KeyBanc Capital Mkts / McDonald today initiated coverage on Patni Computer System Ltd. (NYSE: PTI) with a Buy. The stock has recovered from its recent 52-week low but is still underperfoming since its recent IPO. Perhaps the street is expecting good results after the impressive earnings and outlook from Infosys Technologies Ltd. (NASDAQ: [...]
Economic Times: Patni Computer System Ltd. (NYSE: PTI) plans to raise its headcount by 4000 this year and will be looking for mergers and acquisitions. According to Executive Vice-President Mrinal Sattawala, Patni would like to acquire companies whose revenues are roughly 10 per cent of Patni revenues which will be in the $45-50 million [...]
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