Page 22 - It Companies

IT firm Wipro sells entire stake in Denim Group for $22.4 million

IT company Wipro on Wednesday said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).

K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs

IT company K2V2 Technologies expects its newly-launched SME-focused CRM software Kylas to break-even in six months and touch annual revenue rate of Rs 70 crore in the third year of operation.

Capgemini announces Covid-19 vaccination drive for its 125,000 employees

Capgemini said it's working with Aditya Birla, Reliance, Apollo, MGM and Rainbow to facilitate the vaccination drives.

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Valuation of India's top IT companies way above earnings growth trend

Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21

Sify's Q4 net profit jumps over 6-fold to Rs 90 cr due to digital changes

IT company Sify Technologies posted over a six-fold jump in profit at Rs 90.4 crore for the March ended quarter due to rapid digital transformation of business amid COVID-19 pandemic.

IT giant Infosys to hire 1,000 workers in UK over the next 3 years

The firm said this is part of efforts to support the country's economic recovery and growth.

Our deal pipeline at present is the best in last few years: Tech Mahindra

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation

Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020

Despite some slowdown, the outlook for IT firms appears reasonable

Weak rupee, recovery in US, lower valuations and domestic market volatility are tailwinds

With attrition back, top IT players head to the campus for hiring

Employee exits could well impact their double-digit growth plans. Going by the commentary the top three IT services will hire over 75,000 campus freshers for FY22

Growth back to double digits, TCS sets eyes on global consulting business

IT players have preferred to enter consulting through acquisition, but TCS will build this organically

3i Infotech appoints Thompson Gnanam as new managing director, global CEO

3i Infotech Ltd on Thursday said Thompson Gnanam has been appointed as the company's managing director and global CEO, with immediate effect.

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros

IT services major Wipro on Thursday said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crore)

Deals back for IT firms but shortage of skilled workforce a concern

According to an industry executive, attrition is likely to reach pre-Covid levels of 17-20 per cent as employees switch jobs.

Covid-19 accelerates firms' digital transformation strategy: Report

89.7% of business and IT leaders in the Asia Pacific say Covid-19 has caused significant changes to their operating processes

Accenture's record bookings positive for Indian IT companies

Infosys, HCL Tech are top picks on growth and valuation parametres

Accenture's investment in Cloud-based technology pays off, say analysts

Accenture has, over the last year, doubled down on its digital services by aggressively investing in cloud-based technology, which has paid off for the company

Accenture Q2FY21 earnings: Five ways in which it can impact Indian IT

Accenture's Q2FY21 revenue beat, bookings at historically high and improvement in demand trends even in stressed verticals were among the key highlights from Accenture's Q2 show