Page 2 - It-software Sector

Salesforce CEO terms AI amazing; stresses on aspects of trust, values

Salesforce CEO Marc Benioff described advances in Artificial Intelligence as "amazing" and "incredible", while drawing attention to tenets of trust and value and outlining the company's commitment to building trusted AI platform for customer companies. Technology is moving faster than ever, right from cloud, to mobile, to social and "now a burst of AI" is "nothing like any of us have seen before", Benioff said at Salesforce's flagship event, Dreamforce. Benioff noted that business is the greatest platform for change, his keynote address filled with references to AI, and, in equal measure, on aspects of values and trust. He emphasised on Salesforce's tenets of trusted, ethical and humane AI. "It is amazing what is happening with AI. It is incredible what is going on," said the top honcho of the world's third largest software company, whose revenue in FY23 stood at USD 31.4 billion dollars. "Technology is also moving faster than ever. We have seen over and over again from cloud to ..

Generative AI in Manufacturing : A transformational alliance

The manufacturing industry in Bharat can attempt to deploy basic AI / ML techniques far more creatively than it does today

Why small and microcaps are rocketing

The question on everyone's mind is, will this be sustainable? The answer is not simple

Software firm Hexaware announces 100-120% variable pay to all employees

Software services firm Hexaware Technologies Wednesday announced up to 120 per cent variable pay to its more than 28,500 employees. The payout ranges from 100 per cent to all employees and up to 120 per cent for high performers who have shown exceptional performance for two years, the city-based company said in a statement. Of its 28,500 employees, as many as 20,000 are based in India. Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said. While the entire software industry is facing high attrition levels, the company claimed that its employee retention has seen a significant leap, jumping from 68 per cent in 2021 to 73 per cent in 2022. In 2022, Hexaware's revenues grew over 25 per cent in constant currency terms. The company is confident of maintaining this growth pace in 2023 in spite of the anticipated macroeconomic headwinds. Chief operating officer Vin

Planview eyes India's digital transformation may reach $85 bn by 2026

US-based firm would invest more than $125 million into headcount and centre operating expenses over the course of the next four years in India

Newgen confident of 20% topline growth; plans to hire 400-500 people

IT company Newgen Software Technologies is "confident" of about 20 per cent topline growth for FY24, backed by resilience of its focus markets like India and Asia Pacific which are growth drivers, a top official said. The company is looking at hiring about 400-500 people from campuses this year to meet its business requirements, having fulfilled its commitment of timely onboarding of campus recruits last year, Virender Jeet, CEO of Newgen Software, told PTI. Unlike many IT services companies that are facing macro headwinds in their primary markets of US and Europe, Newgen focuses on emerging markets, which offer plenty of headroom for growth, are underserviced and keen to bolster their digital play. "Our investments largely happen in research and development, and sales, and we will continue that momentum. We are not looking at holding back any investments this year," he said. For the quarter ended June, Newgen's revenue from operations stood at Rs 251.7 crore, up 34 per cent over t

Infosys signs 5-year AI deal worth nearly $2 bn with existing client

In May, Infosys launched Topaz, a comprehensive suite of services, solutions, and platforms that harness the power of generative AI technologies

5% rise in non-tech white-collar jobs in June, no respite for IT sector

While the core sector showed a positive sentiment, hiring in the country's IT services sector fell to its lowest level since December 2020

Oracle lays off hundreds of employees at its health unit Cerner: Report

In May, another media report said that Oracle had laid off 3,000 employees at Cerner

IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths

Software firm EPAM's guidance cut fresh trigger; underscores weak discretionary spending, say analysts

Software firm F5 to lay off 623 employees amid macroeconomic uncertainty

US-based software company F5 has announced to lay off 9 per cent of its workforce or about 623 employees globally amid macroeconomic uncertainty

Indian software industry expected to reach $100 bn by 2025: Anurag Thakur

Union Minister for Information and Broadcasting and Youth Affairs and Sports Anurag Thakur on Friday asserted that the Indian software product industry is expected to reach USD 100 billion by 2025

GitHub fires its entire India engineering team, over 140 employees hit

Open source developer platform GitHub has laid off its entire engineering team in India, its second largest developer community after the US

India team an incubator for Kyndryl's apps, data and AI: Nicolas Sekkaki

"Everything we think about, we can test in India, learn from it, and also help our domestic market to grow, because we have some new skills"

Tono-Bungay enterprise

Today, as in the days of HG Wells, the dilemma that society faces is one of the need for aggressive entrepreneurs, but not entrepreneurs who undertake spiralling risks, unfettered by ethics or nous.

Elastic to expand in India after global layoffs, says CEO Ashutosh Kulkarni

Founded in 2012, the $5 billion company provides enterprise search, observability, and security through its flagship offering ELK Stack

Software exports from Technopark grow 15% to touch Rs 9,775 crore

IT exports from the Technopark campus in Thiruvananthapuram grew 15 per cent to touch Rs 9,775 crore for fiscal 2021-22 fiscal, according to the figures released on Wednesday

Bosch Global Software Technologies inaugurates smart campus in Hyderabad

Bosch Global Software Technologies(BGSW) on Wednesday inaugurated its new smart campus here to strengthen its software-centric product innovations. The Centre of Excellence is a technology and innovation R&D hub focused on automotive engineering and digital enterprise, BGSW said in a statement. BGSW has two facilities already operational with a professional workforce of about 1,500 associates in Hyderabad. To consolidate their operations, they will be moving into the new state-of-the-art 1.5 lakh square feet facility, and plan to build the workforce talent in automotive engineering and digital enterprise, it said. The company aims to raise the workforce at the centre to 3,000 professionals by 2025, it said. In the automotive engineering domain, the facility will work on classical powertrain, automotive steering, e-mobility, cross domain computing (ADAS, autonomous driving), active and passive safety, and digital cockpit systems. On the digital enterprise front, it will focus on ..

Microsoft to integrate Teams into Outlook, all users can try from March'23

Microsoft has started testing a new feature, Teams chat, that it plans to integrate into Outlook soon

No hiring downturn at IITs as international firms pitch job offers

Consulting, finance, core and international trading companies take the lead in chasing talent