Page 20 - It Services

Artificial Intelligence to transform businesses: Infosys President Joshi

Companies are going to change their dynamics from a cost and customer perspective in a big way, IT major Infosys President Mohit Joshi said

Peraton to acquire IT services provider Perspecta in $7.1 billion deal

Shareholders of Perspecta would get $29.35 for each share held, the company said, representing a premium of about 12% to stock's last close

Info Edge stock rides high on hopes of economic revival, Zomato IPO

Shares have rallied 42% since November to a record high of Rs 5,876.05 on Jan 6, before taking a breather

New rules for H-1B visa mild negative for Indian IT services: ICRA

The proposed changes in H-1B application selection process are prospective in nature but will have a minor adverse impact on the margins of Indian IT services companies, ICRA said

IT companies revenues to grow up to 9% in FY22 on tech demand: Icra

Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said

Wipro Q3 net profit rises 21%, profitability at 22-quarter high

Dollar revenue growth highest in 36 quarters; firm has given an bullish outlook on revenue growth of 1.5-3.5 per cent for the March quarter

Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance

Large deals, digital growth drives outperformance

Infosys to acquire assets, onboard employees of Australia's Carter Digital

IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency. "This asset takeover strengthens Infosys' global design and experience offerings, demonstrates its continued commitment in bringing innovative thinking, talent and creativity to its clients, and provides effective global digital solutions," Infosys said in a regulatory filing. Carter brings to Infosys, experts in human centered design, experiential, enhanced digital transformation, customer interaction expertise, and will also cement WONGDOODY (an Infosys brand) into the Australasian market, it added. This is an asset purchase and the transaction is expected to close during the fourth quarter of fiscal 2021, subject to customary closing conditions. Together with Infosys' earlier acquisition of WONGDOODY that offers creative and marketing services, Carter brings complementary capabilities to help global CMOs and businesses thrive in a .

Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20

Net profit declined 11.4 per cent to Rs 5,455 crore in FY20 from Rs 6,160 crore in FY19

Indian IT firms to take a hit as Trump extends H-1B visa, green card freeze

The freeze on various categories of work visas was ordered by Trump through two proclamations on April 22 and June 22 last year.

IT hiring to grow 10-12% in 2021 as global purse strings loosen: TeamLease

Growth to be led by demand for contractual staff, advanced technology skills

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

PNB completes IT integration of all branches of two merged entities

State-owned Punjab National Bank (PNB) on Monday said it has completed IT integration of all branches of erstwhile United Bank of India with itself.

Large IT outsourcing contracts back on the market as clients optimise cost

In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

Wipro's Rs 9,500-crore share buyback offer to open on December 29

IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021.

Recent multiple deal wins point to improved outlook for L&T Technology

Analysts have revised their growth guidance for FY22

Infosys may roll out hybrid work model for employees starting next year

Such a setup would allow more women to become a part of workforce, says company

HCL Tech to hire over 3,000 people in 3 years in Hanoi, Vietnam

HCL Technologies began its business operations in Vietnam in July this year

Hired more than 7,000 employees in UK in last five years, says TCS

Women make up 28 per cent of employees, much higher than the 17 per cent average in the UK IT sector.

Sebi's proposed delisting norms to boost re-listings, say experts

Companies particularly in IT space could look re-enter the market given attractive valuations for stocks in the sector