Page 6 - Indian It Sector

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

Generative AI may affect 1% of IT jobs in India, add $2-3 billion revenue

Expansion of the usage of AI may not necessarily mean job losses but it may play an increasingly significant role in how certain parts of these jobs are performed

Attrition of women in IT sector doubled compared to men since December

Data suggest that most women are switching to jobs closer to home or even taking on gig/freelancing jobs that offer more flexibility

JP Morgan downgrades Indian IT sector to underweight from neutral

Infosys, TCS, MphasiS on JP Morgan's negative catalyst watch. Here's why

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

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

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22

Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

Sonata Software announces partnership with SAP Commerce to drive innovation

/ -- Sonata Software, a global Modernization and Digital Engineering company, has announced a strategic partnership with SAP Commerce to drive digital innovation and help businesses accelerate their digital transformation journey. SAP Commerce, a leading enterprise e-commerce platform, will be integrated with Sonata Software's digital commerce expertise to provide customers with end-to-end e-commerce solutions, including storefront design, implementation, and maintenance. The partnership aims to offer seamless and personalized experiences to customers across various touchpoints and channels. Commenting on the partnership, Mr. Anthony Lange, Global Partner Officer of Sonata Software, said, "We are excited to partner with SAP Commerce to drive digital innovation and help businesses adapt to the new normal. Our collaboration will enable customers to leverage the power of SAP Commerce's advanced capabilities and Sonata's expertise in delivering digital commerce solutions to achieve their

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

IT sector slowdown results in 30% decline in hiring of freshers: Report

The study revealed that several factors contributed to the slowdown in hiring, which includes increased focus on upskilling and reskilling of existing employees, rather than hiring new ones

IT firms give staffing companies a miss, fill vacancies internally

Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, the situation has completely changed today

'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'

In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more

Infosys to open campus in Kolkata to bring office closer to talent pool

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

'Anxiety at peak': Accenture layoff move jolts Indian IT professionals

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Govt planning to set up index to track states on their digital initiatives

The index will establish better coordination among states for learning from each other's work in the domain

Top-level exits at Infosys do not impact long-term growth: Experts

Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances

Infosys collaborates with mobility specialist ZF to revamp supply chain

/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division of ZF, Infosys has implemented SAP IBP for demand planning and inventory optimization. Infosys was chosen to assist ZF on this transformation journey for its proven expertise in SAP IBP implementation and a plethora of in-house tools and accelerators, backed by efficient teams. As a part this initiative, Infosys leveraged its hybrid agile implementation methodology to replace multiple legacy demand planning tools at ZF Aftermarket, with a unified, global SAP platform. Further, by facilitating two-way flow of business-critical data between the new platform and external systems, Infosys has helped facilitate complex operations planning with .

90% firms lack culture, structure to unlock digital growth: Infosys report

A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute. The report -- based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India -- found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions. Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage. The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital

Hiring resumes in Indian IT sector after months-long slowdown amid layoffs

Amid ongoing global layoffs especially in the tech sector, hirings in India saw a 9 per cent sequential growth in February and the IT sector signalled a positive comeback after witnessing a decline

Google layoffs have nothing to do with performance: Sacked Indian employee

Even as tech giant Google continues to cut down staff, a sacked Indian employee stated that the layoffs are not based on performance