Pune based mid-cap IT firm Persistent Systems has reported revenue of Rs 1000.31 crore for the year ended March 2012, as compare to Rs 775.8 crore the previous year, up by 28.9 per cent.

Persistent Systems crosses Rs 1,000 cr revenue

Business Standard

Manglore will report to Lionel Lim, president and general manager of Asia Pacific, CA Technologies. His charter includes optimising sales coverage, winning new customers, building the partner ecosystem, and managing the operations.

BS People: Sunil Manglore

Infosys Technologies, India&rsquo;s second largest IT services company, has secured an additional 42 acres of land for its proposed facility at the IT&ocirc;ITeS Special Economic Zone (SEZ) in the coastal district of Dakshina Kannada. The State High Level Clearance Committee (SHLCC), headed by the chief minister of Karnataka has recently approved the request of the company for allotment of additional land.

Infosys to expand SEZ in Dakshina Kannada district

Facebook will pay Microsoft Corp $550 million (341 million pounds) in cash for hundreds of patents recently sold by AOL, the social networking company's latest move to bulk up its intellectual property in the wake of a lawsuit filed by Yahoo.

Facebook pays Microsoft $550 mn for AOL patents

Reuters 

With Tata Consultancy Services (TCS) announcing a wage rise for its employees this year and most other industry peers going ahead with their wage increase plans, pressure is expected to mount on Infosys to reconsider its earlier decision.

Peer plans may put Infy under pressure

The paying capacity of telcos will not be the same over the next two decades. J S Sarma, chairman of the Telecom Regulatory Authority of India, tells Mansi Taneja after the regulator recommended a high reserve price for the auction of 2G spectrum.

We are looking at a 20-year scenario: J S Sarma

Markets reward consistency and predictability. And through the years, Infosys has mastered the art of managing the markets' expectations. Markets don't love growth, they love predictable growth. But Infosys has shown earnings can be volatile. In fact, it has moved away from outperformance to underperformance. Over the last several quarters, the market has been rather forgiving, even as the company has started tripping on its own growth projections.

Infosys' fall from grace

For India&rsquo;s largest IT services firm Tata Consultancy Services (TCS), the fourth-quarter and annual results for financial year 2012 were about setting milestones.

TCS beats $10-bn revenue mark in FY12

For decades now corporations have been in a battle to protect the business while at the same time striving to improve business processes and make information readily and easily available to employees, customers, partners, and other stakeholders. Applications are now Internet-enabled and allowing employee access to intra- and extra-nets through mobile devices has become an essential component of doing business. Compounding that, business partners are often provided entry to ensure everything from immediate access to information to the attainment of service level agreements.

Need of the hour: Two-factor authentication

Apart from being a $10-billion company, Tata Consultancy Services (TCS), the country&rsquo;s largest information technology services company, is also a high-magnitude employer.

Managing an army on payroll

The consolidated revenue of the country&rsquo;s largest information technology company, Tata Consultancy Services, touched $10 billion in 2011-12, the first in the sector here to do so. It also increased the revenue gap with the second-largest IT services provider, Infosys. Unlike its competitors, N Chandrasekaran, managing director and chief executive officer, is confident the company will do better than the growth target given by industry body Nasscom (11-13 per cent) for the year. He talks to Shivani Shinde about the challenges and growth opportunities. Edited excerpts.

We need to continue to manage growth and scale: N Chandrasekaran 

A day after the telecom regulator proposed high spectrum prices, the shares of leading telecom operators tumbled in early trade. The losses were later cut on expectations the proposals might not be accepted. Shares of the largest telecom operator, Bharti Airtel, in morning trade fell as much as 7.6 per cent to Rs 289, its lowest level in nearly two years.

Telecom stocks take a hit, cut losses later

Recently, online travel portals&mdash;such as Nasdaq-listed MakeMyTrip.com and Yatra.com&mdash;have been able to pull off an exceptional feat in India, one that has brought them more notoriety than adulation. They have, in a very short span of time, enraged both online customers who come to their site to shop for airline tickets as well as India's leading airlines such as Indigo and Jet Airways who are their valuable clients.

Are online travel companies gouging customers?

CA Technologies, a Nasdaq-listed IT management software and solutions company, is pursuing acquisition opportunities across geographies, including in India, with a ticket size of between $10 million and $500 million, according to chief executive officer William E McCracken.

CA Technologies scouts for acquisitions in India

Google Inc stepped up competition with Apple Inc and Microsoft Corp in cloud computing, enabling users to store documents, audio clips and videos through a Web connection.

Google service moves content on hard drives to cloud 

While most attention in the gadget world is on the breakneck pace of innovation in mobile phones, tablets and computers, another device has resolutely refused to die: the camera.

Still in the frame, camera defies smartphone onslaught

Cloud computing company nivio on Wednesday announced the launch of 'nivio for Google Drive app', an application that will allow users to access files stored on Google's cloud storage through any connected device. &quot;The application allows users to open and edit Microsoft Office files in their Google Drive with full access to Microsoft Office 2010 applications in any HTML5 browser, on any connected device,&quot; Sachin Dev Duggal, Founder and Chief Wizard at nivio told reporters.

Nivio's app to access files stored on Google cloud  

Press Trust of India

Technology giant Oracle said it was witnessing strong demand for its product 'Exadata', which helps companies reduce costs related to data centres, in the Indian market. The company also said Exadata was the fastest growing product in Oracle's business. Oracle Exadata database machines are designed for data warehousing and transactional processing applications. It includes servers, storage, networking, and software.

Oracle sees strong demand for Exadata products

Apple Inc profit almost doubled last quarter, reflecting robust demand for the iPhone in China and purchases of a new version of the iPad, allaying the growth concerns that sliced shares 12 per cent in two weeks.

Apple profit up 94% on growing iPhone demand globally

The scramble to raise funds from the local bond market is set to intensify after Standard &amp; Poor&rsquo;s changed its outlook on India&rsquo;s sovereign rating.

Cloudy outlook for 15 financial institutions, top 3 IT companies

Finance Secretary R S Gujral had said in an interview with this newspaper on Monday that even before the transaction between Vodafone and Hutchison was completed, the companies were advised that the deal was liable to tax.

Vodafone must pay withholding tax, govt told Hutchison Essar

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

Page 2448 - Tech News