Page 17 - It Services

We're building incentive warchest to curb attrition: Tech Mahindra leaders

In a Q&A, MD-CEO C P Gurnani and marketing head Harshvendra Soin talk about growth drivers, managing supply side constraints and how acquisition is aiding access to key talent

Mid-sized IT firm Virtusa Corp ropes in three new senior leaders

Samir Dhir named CEO-Global Markets and Industries, a new role; Amit Bajoria is new CFO and Ram Meenakshisundaram has been appointed as CTO

Birlasoft second quarter net profit surges 49.2% to Rs 103.1 cr

Revenue from operations grew 18 per cent to Rs 1,011.7 crore

HCL Technologies Q2 profit rises 3.9%, hirings highest in 24 quarters

HCL said its Q2 revenue was Rs 20,655 crore, up 2.9 per cent sequentially, and 11.1 per cent year-on-year

HCL Tech board okays long-term plan to add RSUs as part of compensation

Programme will include 3,000 senior leaders, is expected to help employee retention as tech industry sees high attrition and talent crunch

Mindtree second quarter net profit up by 57% to Rs 399 crore

The company had posted a net profit of Rs 253.7 crore in the corresponding quarter a year ago.

Britannia ties up with Accenture to accelerate its digital transformation

Packaged-food major Britannia Industries has collaborated with the global IT and professional services company Accenture to accelerate its digital transformation across multiple retail channels. Accenture, through a digital transformation program, has helped Britannia Industries to accelerate innovation, capture value and improve the customer and supplier experience, a joint statement said. "For Britannia's large network of suppliers, this project will help streamline procurement and supply chain management, using SAP Ariba solutions to expedite digital onboarding, contract management and procurement processes," it said. The new system has increased the visibility and accessibility of data across the organization and enabled deeper use of automation and analytics to guide business decisions. "By digitizing more than 80 manufacturing units and 50 warehouses, Britannia can significantly reduce IT operational costs and unlock capital for innovation and growth initiatives," it ...

Oracle India steady on double-digit growth path, says Prasad Rai

Oracle recently reported first quarter results for the financial year 2022. Total quarterly revenue rose 4 per cent to $9.7 billion

Accenture expects strong Q1 as Delta variant delays return-to-work plans

Accenture expects current-quarter revenue to come in between $13.90 bn and $14.35 bn, topping Wall Street estimates of $13.51 bn, according to Refinitiv IBES data

Infosys, Microsoft ink multi-year deal with power distributor Ausgrid

This is to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast.

RSS distances itself from Panchjanya article critical of Infosys

Panchjanya is a magazine associated with the saffron organisation

Get it right in the first instance: TCS mantra for government orders

Scale a challenge, but systems built here can be replicated anywhere, says executive

Infosys invests an additional Rs 3.3 cr in California-based TidalScale

TidalScale is a software-defined-server technology startup

HCL Tech signs 5-year IT contract with German chemical co Wacker Chemie AG

HCL will be using AI-enabled virtual assistants to drive efficiencies for Wacker.

Services sector expected to grow at 28% in 2021-22, says SEPC

Services Export Promotion Council (SEPC) Chairman Maneck Davar said that in the first quarter of 2021, the exports stood at $54 billion.

FAITH urges national coordination among states for tourism sector revival

The Federation of Associations in Indian Tourism and Hospitality (FAITH) on Thursday has urged for immediate national coordination among states for revival of the tourism sector after the pandemic. During a virtual meeting held with the tourism secretaries of all states and Union territories, FAITH urged the states for a coordinated support for waiver of statutory obligations of power, utilities, parking, inter-state tax tariffs, state goods and service tax waiver and industry status, it said in a statement. The apex industry body requested for standardised harmonised travel protocols, quarantine-free travel among vaccinated, and open spaces for F&B (food and beverages), among others. FAITH urged states to pursue through the tourism ministry and the Union government for opening up inbound travel and issue of tourist e-visas for vaccinated travellers, and abolition of tax collected at source (TCS). It also urged for tourism demand revival campaigns, fast track registration of ...

Sonata Software to acquire Encore Software to boost cloud services

Sonata Software on Wednesday said it will acquire US-based IT services company Encore Software Services, a move that will enhance its capabilities in cloud engineering, application development and maintenance and data management. In a regulatory filing, Sonata Software said its wholly-owned subsidiary Sonata Software North America Inc (SSNA) has signed a definitive agreement with the shareholders of Encore Software Services, Inc. The cost of acquisition involves an upfront payment of USD 6.37 million (including adjustments for working capital, cash, and net debt) and deferred payout of USD 8.25 million payable over 3 years, it added. Encore Software Services, incorporated in 1998, is headquartered in San Jose, with development centre in Chennai. "This is a continuation of our M&A strategy focusing on strategic acquisitions aligned to our Platformation led digital transformation strategy, access to seasoned local leadership talent and entry into new industry verticals. "We are ...

Happiest Minds Technologies June quarter profit declines by 29%

IT firm Happiest Minds Technologies Ltd has reported a nearly 29 per cent decline in consolidated net profit to Rs 35.73 crore in the June 2021 quarter.

IT firm Capgemini raises 2021 targets on booming tech demand

French peer Dassault Systemes and U.S. rival Accenture also raised their 2021 forecasts

KPIT Technologies Q1 net up 2.5 times YoY to Rs 60 cr, revenue up 15%

Firm silent on attrition rate during the quarter, though it does see it rising before stabilising