Page 6 - It Companies

GenAI will impact headcount growth in next 3-5 years: Infosys executive

Infosys, which has stated it will be an AI-first company, is bracing itself for this disruption

HCLTech tells DFS employees to report to office 3 times in a week

HCL Technologies has asked all employees who are part of Digital Foundation Services (DFS) to come to office at least three days a week beginning February 19, according to a communication by Noida-headquartered IT company. The move comes at a time when more and more tech companies are shifting to workplace-based models, insisting that employees be physically present in the office cubicles for a certain number of days every week to enhance teamwork, facilitate face-to-face interactions, and strengthen workplace culture. As such, senior managers and leadership team in DFS (those above a certain position and level) have transitioned to a hybrid model and work from office at least three days in a week. The recent communication states that from February 19, the same hybrid work model will be applicable to all employees of DFS. All DFS employees, irrespective of their band, will be required to work from their designated HCLTech offices for a minimum of three days in a week, the memo said,

Skillmine Showcases Niche Technology Expertise through its 'Make in India' Solutions

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Esconet Technologies secures orders from NICSI for servers, object storage

Esconet Technologies said on Wednesday it has secured an order from National Informatics Centre Services Inc (NICSI) to deliver servers and object storage for the Immigration, Visa and Foreigners Registration & Tracking application of the FRRO. The servers and object storage will transform the user experience and provide seamless access to the e-FRRO service, the company said in a release. Esconet, a homegown IT solutions provider firm, will deliver servers and object storage for Immigration Visa Foreigner Registration Tracking application of Foreigners Regional Registration Officer (FRRO), a Ministry of External Affairs agency. "e-FRRO is a web-based application aimed at building a centralised online platform for foreigners for visa-related services. It provides faceless, cashless and paperless services to foreigners with a swift and user-friendly experience," the release said. The IPO-bound Esconet has also got another order to establish a private cloud for CE Infosystems, which

NIIT Q3 results: Net profit marginally up at Rs 14.3 cr; revenue declines

IT training company NIIT on Friday reported a 0.56 per cent increase in its consolidated net profit to Rs 14.36 crore for the December 2023 quarter. Its profit stood at Rs 14.28 crore in the year-ago period. Sequentially, it rose 34.96 per cent against Rs 10.64 crore. The revenue from operations declined by 8.59 per cent to Rs 85.17 crore in the third quarter from Rs 93.18 crore in the year-ago period, according to a regulatory filing. A company statement said the results include the impact of the demerger of NLSL from NIIT Limited from April 1, 2022. "We are expanding in BFSI (banking, financial services and insurance) and increasing penetration across GCCs (Global capability centres). We continue to see sequential recovery in business despite the ongoing hiring freeze in the technology sector," Vijay K Thadani, Vice Chairman and Managing Director, NIIT, said. The company is on a path of recovery with its BFSI strategy, which is reflected in its yearly growth in the revival of ..

Tech Mahindra Q3 results: Net profit declines by 60.6% to Rs 510 cr

The consensus seems to be that second half of the calendar year is when people will start to see recovery. I don't think the recovery will be simultaneous across geographies and sectors,' said Joshi

A major portion of our deal pipeline is large deals: LTIMindtree MD & CEO

Debashis Chatterjee speaks about the overall demand environment and company's strategy

Fund flows in IT stocks set to rise on positive earnings surprise: Report

Shares of India's IT companies, which earn a significant share of their revenue from the U.S., surged 16.13% in the final two months of 2023, exceeding the benchmark Nifty 50's 13.9% gain

Accenture, TCS, Infosys, HCLTech continue to rule the IT brand list

Accenture has maintained its position as the world's most valuable IT services brand, with a brand value of $40.5 billion

Comfortable with OpenAI non-profit despite Altman ouster: Satya Nadella

Competition authorities in Europe, Britain and reportedly the United States have started looking closely at the Microsoft-OpenAI relationship

Earnings-equity valuation gap of Indian IT companies widens, shows data

The combined net profit of TCS, Infosys, Wipro, and HCL Technologies was down 1.5 per cent year-on-year (Y-o-Y) in the December quarter

Nifty IT near 2-year high; up 9% in 2 days post solid Q3 show by majors

The Nifty IT index was trading at its highest level since January 19, 2022. It had hit a record high of 39,446.70 on January 4, 2022.

Best of BS Opinion: Turnaround awaited, Geography of unequal growth & more

Here is the best of Business Standard's opinion pieces for today

Turnaround awaited

Demand environment remains challenging for IT

Q3 results: Top 4 Indian IT companies balance caution and optimism

Compared to its competition, Noida-headquartered HCLTech's performance was the best

Wipro Q3FY24 result: Net profit falls 11% to Rs 2,694 cr, dividend declared

Wipro Q3 results: The shares of the company had risen over 4 per cent in anticipation of the results on Friday

Infosys tightens FY24 guidance to 1.5-2%, Q3 net profit down 7.3%

The Bengaluru-based IT major, however, maintained its operating margin guidance at 20-22 per cent for FY24

Infosys Q3FY24 results: Net profit drops 7.3%, revenue rises 1.3%

Infosys Q3 results: The IT major revised the FY24 revenue guidance to 1.5 per cent to 2 per cent in constant currency

TCS Q3FY24 results: Net profit up 2% to Rs 11,058 cr, revenue up 4%

TCS Q3FY24 results: The IT major also reported a net attrition of 13.3 per cent and said will continue hiring from colleges

Q3 preview: TCS likely to report single-digit growth in revenue, net profit

As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher