Page 11 - It Companies

IT firms hired more women in 2022-23, 6.5% growth registered: Survey

A survey conducted by staffing firm Xpheno found that the proportion of women employees increased 6.5% at the top IT companies in FY23

Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees

The company's bookings for the quarter stood at $25.6 billion on a trailing 12-month basis, up from $24.1 billion in the fourth quarter (Q4) of 2022

Cognizant to focus on increasing presence in smaller Indian cities

International IT services company says it will lay off 3,500 employees and redistribute physical workplaces

Cognizant to lay off 3,500 employees in 2023 amid declining revenue

In the quarter ended March 31, the company reported a margin of 14.6%, among the lowest in the industry

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

IT firm Coforge actively scouting for acquisition in data, cloud: CEO

IT company Coforge is actively scouting for acquisition in areas such as data, cloud, healthcare and 'low-code no-code' space, according to its Chief Executive Officer Sudhir Singh. The company "has a few conversations going on right now", Singh said adding both financial and cultural match will be an important consideration. "We are actively looking for assets in the data space, cloud space, Salesforce space or the healthcare space...We are also looking for acquisitions in the low-code, no-code space, so these four or five areas are important for us," Singh told PTI. It is pertinent to mention that low-code and no-code are alternative app development methods that use intuitive, graphical interface and pre-configured templates to give users power and flexibility to create applications and automate processes without having to write line-after-line of codes. The company is "very keen" on buyouts, but will not rush into it. Coforge is not under any pressure and if the valuations are n

Uncertainties significant, but order book at record high: Coforge CEO

'Macroeconomic environment 'significantly uncertain, but varies across industries: Sudhir Singh

Wipro Q4 net profit dips 0.4% to Rs 3,074.5 crore; revenue rises 11.7%

The IT major also approved a share buyback for 2.69 crore shares at Rs 445 per share

Coforge net profit falls 44.7%; IT firm declares dividend of Rs 19/share

On the milestone of crossing the revenue mark of $ 1 billion, the company will gift an Apple iPad to each of its employees

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%

Gives up most of the gains in market cap in post-pandemic period

HCLTech Q4 results: Profit jumps 11% to Rs 3,983 crore; revenue up 18%

The company added 4,480 new employees in the quarter, while the net addition was at 3,674

HCL Technologies digital business services head Anand Birje quits

IT company HCL Technologies' digital business service head Anand Birje has resigned, the firm said on Thursday. Birje was based out of San Francisco. He has been with HCL Technologies for the last 20 years. "Anand Birje, head of Digital Business Services has decided to leave HCL Technologies Ltd to pursue another opportunity. Anand joined HCL Tech in 2003 in Infrastructure Services sales, moved on to lead the D&A practice in 2017 and later became the head of Digital Business Services in 2021," the company said in a regulatory filing. There have been several churns of high-level officials in Indian technology companies, including the exits of Infosys president Mohit Joshi and Tata Consultancy Services CEO Rajesh Gopinathan. HCL Tech said it continues to have a stable senior talent pipeline and would announce the new leadership shortly. "Anand will continue to serve till May 5, 2023. We deeply appreciate his contributions to the company," HCL Tech said.

Client conversations dominated by ChatGPT, says TCS COO Subramaniam

He also said that clients are interested in knowing how ChatGPT and generative AI can be integrated into their offerings

TCS attrition rate drops to 20.1%, remains far from pre-pandemic levels

The total headcount of TCS stands at 614,795 as on March 31, 2023

Japanese IT major, Fuji Soft group to open centre of excellence in Odisha

Japanese IT major Fuji Soft Group has proposed to open a centre of excellence (CoE) in Bhubaneswar, an official statement said. The proposal was made during the Odisha business delegation's visit to Japan, where Chief Minister Naveen Patnaik led discussions with major players in the Japanese IT and IT-enabled services sector. The CoE would add to the burgeoning field in Bhubaneswar, which is already a happy hunting ground for marquee labels, the statement said. NITKAL (Nihon-UTKAL) has also tied up with Odisha University of Technology and Research to set up a dedicated skill development centre to cater to the huge demand for trained workforce in Japan. NITKAL is undertaking a dialogue with IIIT, Bhubaneswar for establishing a dedicated Japan-centric centre for skill development, it said. NYK Lines (Nippon Yusen Kabushiki Kaisha) evinced keen interest in setting up dedicated shipping lanes from Paradeep, Gopalpur or Dhamra port to transport green ammonia to Southeast Asia and ...

Small & medium IT firms hit by high attrition rate after lockdown: Survey

Small and medium IT companies are yet to recover from the impact of the Covid-19 induced lockdown because of the high attrition rate of their employees after upskilling, according to a survey. According to the survey by Micro Small and Medium Enterprises -Export Promotion Council (MSME-EPC), the highest attrition rate of 35 per cent is being seen in small and medium sector technology companies after the lockdown, in which skilled employees leave their companies for higher wages. After this, the attrition rate is 27 per cent in the services sector. Due to this, the hopes of returning to normalcy after the epidemic in these areas have been hit. Releasing the report of this survey of 700 IT units on Wednesday, D S Rawat, Chairman, MSME-EPC, said that a large number of employees in MSME sector companies are going to other companies for higher salaries after learning the work. Due to this, these companies are still not able to recover from the shock of the lockdown. Companies in the ...

98% senior IT leaders struggle with increasing cloud complexity: Report

Top challenges in optimising multi-cloud environment are lower in the US, UK, India, finds NetApp

Infosys announces Kiran Mazumdar-Shaw's retirement from company's board

D Sundaram appointed lead independent director of IT services company

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes