Page 9 - It Service

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

IT services firm reports rise in headcount, says voluntary attrition declining

IT service firm Coforge reports 24% jump in Q3 profit aided by deal wins

The company said that it de-risked its operating profile with declining client concentration, while attrition fell 15.8% from 16.3% Y/Y

HCL Tech management cautious on revenue growth in FY23; stock plunges 6%

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent

Centre allows 100% WFH for IT units in SEZs till December 31, 2023

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Global FinTech firm FIS issues pink slips to over 400 employees in India

Move comes a year after firm's plans to hire 10,000 people in the country; more likely to be axed in restructuring exercise; final settlement likely within five days from separation date

NASSCOM research group to come up with standards for data anonymisation

'Unfiltered access not advisable', says CEO of Data Security Council of India

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

Absolutely committed to integrity, transparency of our ops: Top Oracle exec

Speaking in the context of recent charges against the firm, Garrett IIg, president, Oracle Japan and Asia Pacific, says compliance training among employees has become more aggressive recently

Infosys BPM opens AI, automation unit in Poland for global clients

Centre will offer solutions for lowering costs, productivity, and customer experience: Company

Giving a thrust: Exports to account for 48% of nine PLI schemes

Data suggests bulk of the exports will come from largescale electronic manufacturing, which is dominated by mobiles

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

Cognizant cuts revenue forecast, flags attrition impact on business

CEO says revenue and bookings below expectations, but company will return to 'accelerated growth'

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

IT deals becoming smaller amid rising digital projects, says new report

The terms of a smaller deal can be chosen according to their own personal advantage by the parties in a smaller contract

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said

India Inc hiring forensic companies to weed out moonlighters: Report

Forensic companies are checking voice samples to single out employees that are using Zoom for interviews with other companies

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week

EPAM sacks around 100 Indian employees, revokes offer letter of others

At least EPAM 100 employees, across testing, .Net, DevOps, and Java domains in both firms - EPAM Systems and EPAM Anywhere - have been asked to resign

IT industry logged 25% attrition in FY22, trend to continue: Report

Non-technology lapping up as employees seek work flexibility and opportunities for career development