Indian IT

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

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

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial

Accenture Q3 results: Strong outlook and robust bookings reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist, said analysts

IBM's "Global AI Adoption Index 2021" revealed that while AI adoption was flat over the last year, momentum is shifting due to the global Covid-19 pandemic

Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge

Trump said, H-1B should be used for top highly paid talent to create American jobs, not as inexpensive labour programmes and destroy American job

H-1B cannot be used to destroy American jobs, says US president about work programme used by Indian IT professionals.

American national Tami Sulzberg alleges that at least 90 per cent of the US workforce of San Jose-based Happiest Minds, whose headquarters is in Bangalore, are South Asians, primarily from India

Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis

The All India Coders' Association is out on the streets chanting slogans against IT bosses.

Indian IT services firms such as Wipro, Infosys, Cognizant and Mindtree are increasingly signing fixed price contracts with clients as they look at using optimal resources and automation to deliver software projects, to combat slowing business in traditional services.Software services firms traditionally billed clients on time and material or the number of people deployed on projects. As customers cut costs and demand efficiency, these firms are shifting to fixed price contracts allow them to have better control on resources and also result in automation. Wipro, Infosys, Mindtree have increased revenue from fixed price contracts from customers last year, while Cognizant witnessed a marginal growth.For Wipro, the third largest IT services firm, fixed price contracts contributed 57.1 per cent of the revenue, while for Infosys, it was 49.4%, nearly five per cent jump in revenues from the model that allows flexibility to deploy tools to deliver services to customers. With the technology .

Against offers of Rs 2.25 lakh per annum two decades ago, they have risen only to Rs 3.5 lakh now

The domestic arm of the French IT major employs nearly one lakh engineers in the country

Japan currently accounts for 2% of the near $110 billion IT services export revenue of Indian firms

IT outsourcing advisory Information Services Group, estimates 5,565 contracts, valued at $201 billion are up for rebids by 2018