Analysts view this movement to acquire businesses in the digital marketing space as a move by firms to supplement their technology resource pool
Customers of IT firms are squeezing their IT budgets for innovation
A large chunk of Indian IT employees work in the US on H1B visas
IT firms need to be more sympathetic to their employees, says Assistant Labour Commissioner at Pune
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Chatbot has eliminated the delay and also trains itself to respond to more complex questions
Clients cutting costs, demanding more efficiency, IT firms are going in for fixeed-price contracts
Even if there were no Brexit or US Elections, hiring by IT firms would have been the same
Indian IT service providers are likely to see their operating margins subdued for three years till financial year 2020, as they struggle to get better prices for traditional services and generate new business in digital and cloud that require expensive hires to work on client locations. The pressure on Indian firms such as TCS, Wipro, Infosys and HCL Technologies increases as they fight global firms such as IBM, Accenture and Capgemini see improved business in emerging areas and generate better margins from a lower base, says a report by brokerage firm Prabhudas Lilladher. The margins for Indian firms are between 20 and 26 per cent, which is substantially higher than what global firms such as IBM, Accenture and Capgemini earn. The struggle to retain margins means that ambitious targets set by Indian IT services majors like Infosys and Wipro, who expect margins to be 30 per cent and 23 per cent by 2020, could be an uphill task. Infosys chief executive Vishal Sikka has set a goal to ...
Campus hiring drops as academia lags, with firms trying to marry resources to changing market
Nasscom and govt to campaign with Trump administration, saying Indian firms were net job creators
Country's top four listed IT companies are sitting on a combined cash pile of nearly $16 billion
Most Indian companies have not yet adapted to the cloud; to artificial intelligence; and to business models like software as a service
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
While TCS, Infosys and Wipro have hinted at a weak quarter, analysts say the slowdown is cyclical
It said job of an engineer in a software company involves skills and technical knowledge, therefore they are workmen
Such hiring is restricted to top colleges and forms just one to two per cent of the overall recruitment