Page 25 - It Companies

State govts, firms harnessing Cloud to fight coronavirus in India: AWS

The COVID-19 onslaught has accelerated the pace of IT modernisation and digital transformation via Cloud-driven solutions in the vast public sector in India, says Amazon Web Services

IT firms tap freelancers to optimise staff costs amid Covid-19 crisis

Replacing part of contractual workforce with programmers, developers registered on online platforms such as GitHub, Topcoder

Bench staff at IT firms rising as Covid-19 causes project delays

In the past three months, there has been at least one percentage increase in staffers on the bench

Growth, margin uncertainty likely to impair recovery in IT stocks

Scaling up of new deals and lowering costs are imperative for the up to 33 per cent gains in share prices to sustain

Covid-19 impact: IT companies get back to work with new rule book

Capgemini which employs about 110,000 employs in India has about 5 per cent of its workers coming to office

HCL Technologies to buy Cisco's Self-Optimizing Network technology

Unlike its rivals, HCL Tech has bet big on selling products and platforms. As part of this strategy, it bought some IBM products for nearly $2 billion in 2018

At home in a coronavirus world: IT companies manage change and disruption

India's biggest IT firms moved swiftly when a lockdown became imminent in March. How prepared are they to deal with the challenge of clients reducing spending on technology or asking for discounts?

Covid-related disclosures by Indian companies

While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality

Covid-19 impact: IT services let go of contract staff to reduce bench

In the last few years, subcontracting costs for most IT firms have also increased manifold due to protective measures around issuance of H1-B work visas

IT firms to continue hiring freshers despite coronavirus pandemic

The move is likely to help in containing costs by improving the employee pyramid; lateral hiring likely to be on need-basis

Cognizant posts 17% drop in net profit; Covid-19 to impact Q2 numbers

Among verticals, the highest growth in revenue during the quarter came from communications, media and technology, which grew 5.2 per cent to $626 million

Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis

Travel expenses trimmed and salary hikes put on hold as industry fights slowdown and demand uncertainty

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

Covid-19 impact: Kerala announce relief measures for IT, ITeS companies

The government has waived rent for the months of April, May and June 2020 for all IT and ITeS companies which have taken upto 10,000 sq ft of space on rent

Over 1 mn IT employees to work from home post-lockdown: Kris Gopalakrishnan

The former CEO and Managing Director of Infosys said he does not see job losses in the IT sector

Covid-19 impact: Gurugram MNCs may have to work from home till July-end

The Gurgaon district administration had issued an advisory in mid March asking MNCs, BPOs, IT companies, corporates and industries to allow work from home

Trump to suspend immigration temporarily, Indian IT industry awaits details

Amid the ongoing pandemic, unemployment claims in the US have risen exponentially

Cognizant hit by 'Maze' ransomware attack, says clients facing disruption

The incident comes at a time when businesses have been disrupted by coronavirus pandemic that has forced companies to turn to initiatives like work from home

Do not lay off, instead cut salaries: Karnataka Govt to IT, BT Cos

The Deputy Chief Minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka

Coronavirus impact: Mid-tier IT companies at more risk than big players

Exposure to smaller clients and dependence on higher number of small deals could be seen as weak links for the firms in the current environment.