Page 13 - It Services

Cognizant Q1 meets Street estimates; net income rises 11.5% to $563 mn

Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.

After a weak Q4, India's top IT services companies lose traction on bourses

Industry weighting in Nifty50 declines to 15.7%; lowest since Q2FY21

The making of an economic juggernaut

It is a book that boasts of the recommendation of two stalwarts of the industry, N R Narayana Murthy and N Chandrasekaran, and is sure to age well

Suryoday SFB partners Kyndryl to drive digital, IT transformation

Collaboration will enable Suryoday Bank to provide enhanced security, availability, and manageability for core IT and banking applications

IT companies may not follow HCL Technologies on freshers' salary

Though HCL Tech has bit the bullet, industry majors, which too are battling high attrition, have not given any such signal, so far.

Tata Consultancy Services head doubles down on $50-bn revenue target

Since April 1, TCS has changed its organisational structure to align with its strategy of focusing on the growth and transformation agenda.

Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore

The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.

Attrition at TCS touches record high; it may get worse, warns management

Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%

Accenture Q2 results beat estimates, warns of impact from Ukraine conflict

Accenture's results continue to show that the momentum for digital transformation and shift to cloud services is growing strong.

Mindtree starts return programme for techies on minimum two-year break

The programme is open to all professionals looking to return to the workforce, the majority of them are expected to be women.

Nagarro to expand global workforce by 4,500 in coming months

In a statement, the company announced that the size of its workforce has crossed the 15,000 mark

Indian IT sector not impacted by Russia-Ukraine war; in wait-and-watch mode

Analysts say no direct presence in Ukraine; per 60% of the sector's business comes from US, another big chunk from UK, Germany and France

Tech Mahindra enters metaverse with TechMVerse launch, eyes 1,200 clients

TechMVerse will be a separate unit that will have a horizontal play within the company and leverage all the services lines and technology segments that the company has presence in

Cyber threat a national security matter, defence should tap IT strength: PM

PM Modi stated that cyber security has become a matter of national security.

TCS tweaks leadership, Suresh Muthuswami made chairman, North America

Surya Kant, who has been at the helm of TCS North America and has spent 43 years at TCS, retires at the end of the fiscal year

Icertis's Monish Darda on opportunities, valuation and more

In an interaction with Business Standard's Surajeet Das Gupta, Icertis co-founder Monish Darda tells more about his plans for the SaaS start-up and challenges posed by software bigwigs. Listen in

Capgemini views India as more than a delivery centre: Group CEO Aiman Ezzat

The company is increasing the number of centres of excellence in the country this year. Many of these will now focus on technologies like IoT, smart factory, intelligent supply chain

Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22

Nasscom, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year.

TCS launches Clever Energy and two other sustainability solutions

TCS Clever Energy platform leverages IoT, AI, machine learning and cloud to help organizations understand intricate energy performance factors

TCS to expand ops in New Jersey, hire 1K additional employees by 2023-end

TCS' Edison Business Center, one of 30 TCS facilities in the US, serves more than 100 customers in New Jersey.