Page 3 - It Firms

Indian IT firms set for 'washout' year, focus now on 2025: JP Morgan

The focus for this quarter's earnings reports will be on deal signings as well as the split of new deals versus renewals to assess fiscal 2025 growth, the analysts said

End of Work-from-home: IT cos nudge employees to prepare for 5-day office

The French IT company, Capgemini's employees have been asked to work from the office two days a week

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA

Order book and deal pipeline of most companies remain strong, says ratings agency

TCS to revamp Government e-Marketplace, enhance efficiency, transparency

GeM acts as an end-to-end online marketplace for central, state govt bodies, including PSUs

Wipro reduces client base to pursue high-margin deals and profitability

India's fourth-largest IT services firm, Wipro, aims for faster profitability ascent by cutting smaller clients and focusing on bigger revenue opportunities

IT firms register a downfall in employee headcount, delay in salary hikes

Representatives from HCLTech said that the company had decided to postpone the compensation review by a quarter. Moreover, senior management at HCLTech will not be receiving pay hikes this year

More women in Indian boardrooms, but mainly as independent directors

Overall representation has been increasing since Companies Act 2013

Demand for IT gig workers grew 157% in H12023, says job firm Awign

Aim is to prune fixed costs, lean more on variables; demand is mostly for highly-skilled tech professionals at mid-level and senior positions, with 2-7 years' experience

Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%

"Wipro's first quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins," said Thierry Delaporte, CEO and Managing Director

Weak discretionary spend likely to weigh on IT cos' revenue in Q1

Weak discretionary spending across verticals, especially in financial services, telecom and hi-tech, could contribute to weak trends

'Mid-size IT firms outperform after CEO change more often than large firms'

Our analysis of 13 CEO changes over the past decade shows that midsized IT firms outperform on growth/profitability after a CEO change more often than large IT firms, it added

MNC captives woo talent and biz from domestic IT services companies

Over the past few years, about 30% of outsourcing work has moved to GCCs

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

Weak discretionary spending may bring down revenues of IT firms in Q1

Tremors felt after American IT services firm cut its CY2023 revenue guidance by 2% recently

IT cos need to rightsize bench to boost efficiency, stop layoffs: Experts

While other industries have single-digit bench sizes, tech firms typically have a larger bench size of as much as 30%, they say

True account: Why Indian companies don't sweat over high audit fees

One segment accounts for the majority of the industry's income, and it is not complaining

Global IT firm Xebia expands presence in Jaipur with new technology hub

Global IT consulting company Xebia inaugurated its new technology hub in Jaipur to strengthen its presence in the region. The launch of the new technology hub comes as a part of the company's global strategy to expand business operations in cities like Jaipur, a company official said. Highlighting the company's expansion strategy, Global CEO of Xebia Anand Sahay said that Jaipur possesses vibrant educational ecosystems, and it will serve as a crucial talent hub. "The new facility will enable the company to hire and nurture local talent, while boosting global knowledge sharing from the hub to deliver exceptional results for clients," he said. The decision to establish offices in cities like Jaipur aligns with our forward-looking talent strategy, which aims to bring work opportunities to talented individuals, rather than requiring them to relocate, Sahay added. He said that Jaipur possesses vibrant educational ecosystems, and it will serve as a crucial talent hub. We are overwhelmed

Infosys unveils a platform 'Topaz' for generative artificial intelligence

Infosys Topaz is an AI-first offering to accelerate business value for global enterprises using generative AI

Infosys techie dies after car gets stuck in flooded Bengaluru underpass

A woman drowned on Sunday after a car she was travelling in with her family got stuck in neck-deep water at KR Circle underpass, just a stone's throw from Vidhana Soudha, the seat of power in Karnataka. Fire and emergency services personnel saved five others of the family and the driver, with the help of people who had rushed to save those trapped in the flooded underpass in the heart of the city. The victim as well as the others were taken to St Martha's Hospital where doctors declared the woman, identified as Bhanurekha, dead. Learning about the incident, Chief Minister Siddaramaiah rushed to the hospital and took stock of the situation. He announced a compensation of Rs five lakh to the next of kin of the deceased and free treatment for those admitted in the hospital. "The family from Vijayawada in Andhra Pradesh had hired a car and come to see Bengaluru. Bhanurekha works in Infosys. Due to the downpour, the barricade at the underpass fell down and the driver took the risk of ..