Page 4 - It Services Industry
Pandemic hastens transformation, demand soars for digital skills
Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills
 "Pandemic hastens transformation, demand soars for digital skills")
 "Best IT certifications for 2021")
Success beyond software and services
India dominates the world market in motorcycles. What will it take to replicate this success in other industries?
 "Success beyond software and services")
Indian IT has 'competitive advantage' in employee talent: Nasscom president
How industry uses 'access to technology' will matter in a democratic system, says Debjani Ghosh
 "Indian IT has 'competitive advantage' in employee talent: Nasscom president")
Indian IT sector likely to hit $350 billion by 2026, says McKinsey report
McKinsey also pointed that tech business models are reshaping worldwide and IT industry need to refocus
 "Indian IT sector likely to hit $350 billion by 2026, says McKinsey report")
Our order book is $1 bn; rolling-out salary hikes: Mindtree CEO Chatterjee
About 98% of employees of the IT services firm are working from home, but Chatterjee said he is expecting a hybrid work model would emerge
 "Our order book is $1 bn; rolling-out salary hikes: Mindtree CEO Chatterjee")
Faqir Chand Kohli: All you should know about the 'Father of Indian IT '
Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry
 "Faqir Chand Kohli: All you should know about the 'Father of Indian IT '")
Making short-term margin trade-offs to accelerate growth: Cognizant CEO
Strong performing employees will be rewarded for what they have done, he says
 "Making short-term margin trade-offs to accelerate growth: Cognizant CEO")
Early bird results show unlocking gains, net profit of 104 firms rises 9.8%
Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability
 "Early bird results show unlocking gains, net profit of 104 firms rises 9.8%")
TCS surpasses Accenture to become most-valuable IT services firm globally
At the last closing price of Rs 2,825, TCS was valued at $144.73 billion, (Rs 10.6 trillion), while Accenture is currently at $142.4 billion
 "TCS surpasses Accenture to become most-valuable IT services firm globally")
Wipro to consider share buyback proposal, decision on 13 Oct board meeting
Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS
 "Wipro to consider share buyback proposal, decision on 13 Oct board meeting")
Cash-rich IT service firms on a shopping spree, eye inorganic expansion
The top four Indian IT firms have cash reserves of nearly $15 billion
 "Cash-rich IT service firms on a shopping spree, eye inorganic expansion")
HCL Technologies to acquire Australia-based firm DWS for $116 million
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
HCL Technologies to acquire Australia-based firm DWS for $116 million
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
 "HCL Technologies to acquire Australia-based firm DWS for $116 million")
Mid-sized IT services companies get Cloud, cost-efficiency boost
In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics
 "Mid-sized IT services companies get Cloud, cost-efficiency boost")
IT services sector's revenues may contract up to 3% in FY21: Icra
In its report, domestic rating agency Icra also said that the profit margins for the sector will go down as the growth slows down
Hexaware plans voluntary delisting, board to discuss proposal next week
Analysts see delisting as a move towards making the company leaner before any further step of a merger or complete
 "Hexaware plans voluntary delisting, board to discuss proposal next week")
Exports likely to improve in May, contraction expected to be 30-35%: Goyal
Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.
 "Exports likely to improve in May, contraction expected to be 30-35%: Goyal")
Top 10 biz headlines: IT firms on cost-cutting, PE players' post-Covid plan
Here are top 10 business headlines on Wednesday
 "Top 10 biz headlines: IT firms on cost-cutting, PE players' post-Covid plan")
Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis
Travel expenses trimmed and salary hikes put on hold as industry fights slowdown and demand uncertainty
 "Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis")
