Page 4 - It Industry
Cognizant wins two mega deals, eyes return to IT top four by 2027
IT firm doubles down on AI-led productivity and large transformation contracts
 "Cognizant wins two mega deals, eyes return to IT top four by 2027")
Wipro pays out 90% quarterly variable pay to most of its employees
That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment
 "Wipro pays out 90% quarterly variable pay to most of its employees")
HCLTech partners with UiPath to drive AI automation for global enterprises
The partnership will automate business processes with less need for human intervention, says HCLTech
 "HCLTech partners with UiPath to drive AI automation for global enterprises")
Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs
Infosys CEO Salil Parekh's pay rose to ₹80.58 crore in FY25, despite slow growth in the IT industry
 "Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs")
India likely to possess 46K graphics processing units in a fortnight
Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw
 "India likely to possess 46K graphics processing units in a fortnight")
You should write code till late in life: Wayfair India's Rohit Kaila
Rohit Kaila talks about the centre's journey, how the lifecycle of a software developer is changing, and why an engineer must not stop coding
 "You should write code till late in life: Wayfair India's Rohit Kaila")
Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030
A senior official in the Ministry of Electronics and Information Technology (Meity) said: "We have just begun and have a long road ahead
 "Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030")
Tata Consultancy Services emerges payout master in India's IT industry
TCS has cumulatively returned about ₹2.06 trillion to shareholders since 2020-21 (FY21), nearly matching its ₹2.07 trillion in net profit over the same period
 "Tata Consultancy Services emerges payout master in India's IT industry")
Growth of mid-tier IT firms outshone that of larger rivals last year
Persistent, Coforge, and KPIT report double-digit growth while TCS and Infosys lag; faster AI adoption and sector focus help offset macroeconomic headwinds
 "Growth of mid-tier IT firms outshone that of larger rivals last year")
Happiest Minds eyes double-digit growth in FY26 despite challenges
IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus
 "Happiest Minds eyes double-digit growth in FY26 despite challenges")
Double contribution deal won't spur a spike in Indian IT workers sent to UK
Despite tax savings from UK-India FTA's social security waiver, analysts say high costs and limited incentives may not significantly boost Indian IT deployments to the UK
 "Double contribution deal won't spur a spike in Indian IT workers sent to UK")
AI adoption still in early stages for most global enterprises: Accenture
Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation
 "AI adoption still in early stages for most global enterprises: Accenture")
India-UK FTA: Double contribution convention pact to help Indian IT firms
IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry
 "India-UK FTA: Double contribution convention pact to help Indian IT firms")
Coforge bets on large deals to drive growth despite macro challenges
Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26
 "Coforge bets on large deals to drive growth despite macro challenges")
Infosys to accelerate digital transformation at Yorkshire Building Society
Leveraging cloud, data, artificial intelligence, and cybersecurity solutions, Infosys will help Yorkshire Building Society achieve its 2030 strategic plan
 "Infosys to accelerate digital transformation at Yorkshire Building Society")
CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal
The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore
 "CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal")
Certified gains: More skills mean more rewards in India's IT sector
The Cloud training and consulting company questioned more than 800 respondents in 113 cities to explore IT skills' impact on career
BSE-listed Black Box wins ₹1,550 crore in orders in March quarter of FY25
The company cited robust demand across sectors and geographies, driven by ongoing IT modernisation and digital transformation initiatives
 "BSE-listed Black Box wins ₹1,550 crore in orders in March quarter of FY25")
LTIMindtree Q4FY25 results: Net profit up 2.6% to ₹1,128.5 crore
Revenue was up 9.9 per cent to Rs 97,717 crore during the same period
 "LTIMindtree Q4FY25 results: Net profit up 2.6% to ₹1,128.5 crore")
Q4 results: HCLTech rewrites playbook for FY26 with tariffs in play
Firm expects revenue growth to be in the range of 2 to 5%
 "Q4 results: HCLTech rewrites playbook for FY26 with tariffs in play")
