Page 24 - It Companies
IT company Persistent Systems to acquire Palo Alto-based Capiot
IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot.
 "IT company Persistent Systems to acquire Palo Alto-based Capiot")
BS READS: SAAS success for firms as business jumps on the digital bandwagon
Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. Yuvraj Malik explains how these companies are planning their next phase of growth
 "BS READS: SAAS success for firms as business jumps on the digital bandwagon")
IT stks factor in most positives; pay hike, promotion surprising: Analysts
'New era' for IT companies as they do better than other sectors in the coronavirus pandemic.
 "IT stks factor in most positives; pay hike, promotion surprising: Analysts")
Analysts expect muted YoY performance in Q2FY21 from India Inc
As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections
 "Analysts expect muted YoY performance in Q2FY21 from India Inc")
Relief for H-1B, non-immigrant visa holders as US court blocks 'fee hike'
The move offers temporary relief to non-immigrant visa holders and Indian IT companies, which are major beneficiaries of such visas
 "Relief for H-1B, non-immigrant visa holders as US court blocks 'fee hike'")
IT firms must focus on problem recognition and solution mindset: Murthy
Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent
Covid-19 impact: WFH turns out cheaper and greener for IT companies
Indirect emissions account for a major chunk of emissions by Indian IT firms
 "Covid-19 impact: WFH turns out cheaper and greener for IT companies")
IT services firms look to change staff mix by hiring more freshers
The growing share of mid-level employees is said to be one of the major reasons why these companies are facing margin pressure
 "IT services firms look to change staff mix by hiring more freshers")
Bengaluru bucks trend despite Covid-19, sees direct tax mop-up growth
With technology companies largely unaffected by the Covid-19 lockdown, Bengaluru has posted a 7 per cent increase in direct tax mop-up
 "Bengaluru bucks trend despite Covid-19, sees direct tax mop-up growth")
K'taka for retaining leadership position in tech, innovation with IT policy
The Karnataka government aims to retain the leadership position in technology and innovation with its new IT policy for 2020-25
Infosys buys US product design firm Kaleidoscope Innovation for $42 million
Infosys announced it has acquired product design firm Kaleidoscope Innovation for $42 mn to expand its engineering service offerings in medical devices, consumer and industrial markets across America
Operating profits of manufacturing companies declined in Q4FY20: RBI
The operating profits of services companies (IT and non-IT) decelerated due to moderation in sales growth during the last quarter of 2019-20, it said
 "Operating profits of manufacturing companies declined in Q4FY20: RBI")
Persistent Systems' O'Connor steps down as CEO, cites personal reasons
O'Connor worked as a senior executive at IBM's internet of things (IOT) division before joining Persistent Systems.
Top headlines: Apple plans more production in India, PSB stake sale & more
From Apple planning to move 10% production to India, RBI advising the government to cut stake in PSBs to Videocon staring at liquidation, here are the top news of the day
 "Top headlines: Apple plans more production in India, PSB stake sale & more")
US hikes fees for non-immigrant visas; move to impact Indian IT firms
The filing fees for H-1B high-skill visas has been hiked by 21 per cent to $555, while that for L (intra-company transfer) visas has been increased by 75 per cent to $850
 "US hikes fees for non-immigrant visas; move to impact Indian IT firms")
Digitisation trend makes IT a sound long-term bet, but stay cautious
After the recent rally, direct investors need to be cautious about valuations
Covid-19 impact: IT bigwigs likely to speed up client staff absorption
Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.
 "Covid-19 impact: IT bigwigs likely to speed up client staff absorption")
Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report
India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.
 "Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report")
Autodesk acquires construction software firm founded by Indian techies
The acquisition will empower general contractors, subcontractors and owners to gain more value from Autodesk Construction Cloud
 "Autodesk acquires construction software firm founded by Indian techies")
Top Headlines: PM Modi woos US investors, relief for Voda Idea and more
Here are the top business headlines on Thursday morning
 "Top Headlines: PM Modi woos US investors, relief for Voda Idea and more")