Page 12 - It Firms

Wipro completes acquisition of Brazilian IT firm IVIA Servios for $22.4 mn

In July, Wipro had said IVIA's local talent and long-standing relationships, combined with its own global expertise, will help expand its geographical footprint in Brazil

We're on the path to becoming fastest growing IT firm again: Cognizant CEO

The macro demand is uncertain, but we did better than our April performance, he says

Cognizant income down 29% at $361 mn, revenue declines 3.4% in June qtr

For the June 2020 quarter, Cognizant's revenue saw 3.4 per cent decline (2.5 per cent in constant currency) at $4 billion from $4.14 billion in the year-ago period

Cognizant ropes in Anil Cheriyan as executive VP strategy and technology

In an e-mail to employees, the company's CEO Brian Humphries said Cheriyan will join Cognizant on August 3 in the new role

HCL Tech pegs revenue growth at 1.5-2.5% for FY21; wins 11 deals

The Noida-based firm reported a PBT of Rs 3,862 cr, up 31.7% YoY, while it remained flat sequentially

IT industry headed for Uberisation of workforce: Capgemini India CEO

Capgemini India's Chief Executive Officer Ashwin Yardi talks to Bibhu Ranjan Mishra and Sai Ishwar about the impact of Covid-19 on business

Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

Delaporte is new Wipro CEO, says IT firm will emerge stronger from pandemic

Delaporte, who is the first foreign national to lead Wipro since its inception, said it was disappointing that he could not meet his fellow colleagues in India due to the ban on international travel

Startups try to woo talent returning to India from US amid H1B visa woes

According to industry experts, a stricter visa regime to improve local employment and closure of onshore opportunities in the US, is likely to result in a reverse brain drain

Indian IT firms may report 5-9% contraction in revenues for June quarter

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

Obscure Indian cyber firm spied on politicians, investors worldwide

New Delhi-based BellTroX InfoTech Services targeted more than 10,000 e-mail accounts

Indian IT firms strengthen Cloud practice as digital adoption picks up

Companies are tying up with Cloud platform firms, ramping up internal team of specialists

Covid-19 impact: Dividend payout by IT firms likely to dip further in FY21

Payout has fallen for most firms except TCS in FY20 as companies looked at conserving cash

Nasscom for policy tweak to enable longer work-from-home scenario

Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.

Coronavirus crisis: New US visa Bill may spell trouble for IT firms

The high unemployment rate in the US because of the Covid-1l-19 crisis might make such a legislation a reality

IT firms seek higher volume of work from clients amid price discount demand

Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war

Employee count shows Indian IT biggies hired fewer people in March quarter

TCS showed marginal rise in their employee count, as Infosys and Wipro witnessed drop in their staff base on sequential basis

IT firms unlikely to resume operations instantly, to see staggered opening

Most companies are going to continue to let employees work from home

Coronavirus scare: IT services firms draw business exigency plans

With uncertainties around growth outlook, most companies are likely to go slow on their payback plans to shareholders

Small units to be bigger as TCS revisits 2011 strategy to boost revenue

Also plans to identify the next billion-dollar bets in the digital services space