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India is a very important market in our artificial intelligence strategy and is supported with a broader initiative, such as IndiaAI Mission, from the Indian government, a senior NTT DATA official has said. Tokyo-based global IT services firm NTT, which is a leader in the data centre market in India, is proud of its early investments and acquisitions in the country, said Jan Wuppermann, Senior Vice President Service Assurance and Data & AI, APAC, NTT DATA. The company holds nearly 30 per cent of the total market share in the data centre segment in India and expects to grow further in the near future. "Within AI, we use India as a hub for AI talent and a global AI delivery centre, APAC centre of excellence, which is complementary to the delivery centre in India. "India is a very important market in our AI strategy. It is also supported with a broader initiative in India around AI - the mission AI - from the government, which is an important one, with one of the selected parties on
US-based IT firm Salesforce, which has witnessed multi-fold growth in its business and investment, will continue to invest and grow in India, as the country has the right set of talent pool available, its Executive Vice President and MD (South Asia) Arun Kumar Parameswaran said. Salesforce started operations in India in 2005 with its first centre of excellence in Hyderabad. Now, the company is spread to six locations in India with an annual revenue of USD 1 billion and a workforce of over 13,000. India is the second-biggest market for the company after the US. "We were about 2,500 in 2020...now, we have a headcount of over 13,000, over a five-fold jump...we will continue to invest and grow in India because the country has a lot of skills that everybody wants to hire," he told PTI in an interaction. Besides, he said the company has a proven track record of being able to deliver innovation at scale and speed. The global customer relationship management (CRM) technology solutions gian
US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to USD 5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between USD 5.27-5.35 billion. Cognizant which follows a January-December financial year had earned a revenue of USD 5,044 million in Q3 2024. The Nasdaq-listed IT services firm raised the lower end of its full-year revenue growth forecast, pegging it at USD 21.05-21.10 billion, as against USD 20.7-21.1 billion earlier. Cognizant CEO Ravi Kumar S said this marks the company's fifth consecutive quarter of year-over-year organic revenue growth, and its strongest sequential organic growth since 2022. We maintained our large deal momentum, signing six large deals in the quarter, bringing our year-to-date total to 16, with 40 per cent growth in large deal TCV (Total ..
IT company Black Box expects 15 per cent year-on-year growth for the next four years as it eyes to cross the USD 2 billion revenue mark by fiscal year 2029, a senior company official said. Black Box President and CEO Sanjeev Verma told PTI that the company expects that its planned acquisition may add up to USD 750 million in incremental revenues. "With a quarterly order book averaging USD 500 million, the company anticipates closing the fiscal year with a backlog 30-40 per cent higher than last year, providing strong forward visibility," Verma said. The company had posted revenue of Rs 1,387 crore, about USD 160 million, in the first quarter ended June 30, 2025. "For FY'26, we are guiding revenues in the range of Rs 6,750-7,000 crore. This outlook reflects the momentum in our core business and the steps we are taking to build a stronger foundation for sustained growth," Verma said. The BSE-listed digital infrastructure solutions provider and part of the Essar Group has unveiled an
Infosys Limited will set up a new campus in Mohali with an investment of Rs 300 crore, Punjab Industry Minister Sanjeev Arora said on Thursday. Addressing the media here, Arora said the new campus will come up over 30 acres of land. "In the first phase, 3 lakh square feet of the area will be constructed," he said, adding that it will create 2,500 new jobs in the city. In the next phase, 4.80 lakh square feet area will be developed, he added. The minister informed that IT services company Infosys, which has been in Mohali since 2017, is expanding its presence in the city. Sameer Goel, who is heading the company's Mohali centre, said the company has received good support from the state government for the project. "We have been in this region for quite some time. We are happy that we are expanding our presence in the region," Goel said. The minister said the state government's push for several initiatives has helped Punjab attract further investments. "We are giving approvals to .
IT company Blackbox has reported an increase of 28 per cent in consolidated net profit at Rs 47 crore in the first quarter ended June 30, 2025, despite decline in revenue, the company said on Thursday. Blackbox had posted net profit of Rs 37 crore in the same period a year ago. The revenue of the company declined by 3 per cent to Rs 1,387 crore during the reported quarter, from Rs 1,423 crore in June 2024 quarter. "Revenue for the first quarter (Q1) of the financial year (FY) 2026 stood at Rs 1,387 crore, compared to Rs 1,423 crore in Q1 FY'25. The delay in equipment procurement by certain clients, because of the prevailing tariff environment, resulted in difference of the service execution and revenue recognition," the company said in the statement. The order book of the company increased by 2.7 per cent to Rs 4,433 crore at the end of the reported quarter, from Rs 4,313 crore at the close of FY 2025. "While the year began at a slower pace, we are seeing solid traction in key ...
India's data centre industry has seen investments of nearly USD 15 billion since 2020 and is likely to attract USD 20-25 billion fund over the next six years, on rising demand, according to Colliers. In its latest report, real estate consultant Colliers India mentioned that India's data centre capacity stands at 1,263 MW as of April 2025 across seven major cities, and the capacity is likely to cross 4,500 MW by 2030. The existing data centre real estate footprint stands at 15.9 million sq ft, and this is expected to rise significantly, reaching about 55 million sq ft by 2030. The scale-up in the Indian DC industry has been accompanied by equally impressive investments in the last 5-6 years. The industry has already seen investments to the tune of USD 14.7 billion since the beginning of 2020. These investments have been largely focused on land acquisition, project construction and development, etc," the consultant said. "In the next 5-6 years, amidst massive adoption of cloud ...
India's second largest IT company Infosys' board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore. In a recent filing, the company said the board, based on the recommendations of the Nomination and Remuneration Committee, approved the said annual grants to Parekh, as per his employment agreement approved by shareholders. Among them is "grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSUs) covering company's equity shares having a market value of Rs 34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan)". This, Infosys said, would vest 12 months from the date of grant subject to achievement of performance targets as determined by the board. The nod also includes grant of annual