Page 2 - It Companies

Difficult but necessary, says Nadella as Microsoft plans to cut 10,000 jobs

He said that the company would invest in strategic areas for the future by allocating both capital and talent

Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23

Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022

Hiring slowdown lifts India's top IT companies' profit per employee

Productivity improves in terms of revenue per employee

Wipro Q3 result: Gross revenue up 14.4% YoY; attrition rate moderates

The revenue expectations from IT Services business for the full year is set to be in the range of 11.5 per cent to 12.0 per cent, in constant currency terms

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

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%

Infosys Q3 result: IT major's revenue grows 20% YoY to Rs 38,318 cr

The attrition rate has been recorded at 24.35 in Q3FY23. In Q3FY22, it was at a higher 25.5%

TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share

It will have an interim dividend of Rs 8 per share and a special dividend of Rs 67 per equity share

Results preview: Q3 may drive caution for IT sector, better margins likely

Almost all the tierI companies in the Q2 of FY23 had signalled then that though the current macro has not impacted budget in general, there are specific pockets where delay in deal closure was evident

IT majors lowering revenue projections for FY23 amid macroeconomic troubles

HCL's CEO C Vijaykumar recently said that the spending on hi-tech and telecom verticals was lower than expected and with price changes, it is going to be a big macroeconomic challenge

Big Tech and 'sideloading' debate; IT firms fear security, privacy breaches

Sideloading is a way for app developers to load their applications without going through formal stores such as Google Play for Android phones or the Apple App Store for iPhones

Does Accenture's Q1 result spell more pain for IT firms?

Despite firm Q1 revenue growth, Accenture Plc left analysts unimpressed as it pegged the next quarter's revenue growth below projections. Does this signal more trouble for Indian IT companies ahead?

Does Accenture's Q1 result spell more pain for IT firms?

Despite firm Q1 revenue growth, Accenture Plc left analysts unimpressed as it pegged the next quarter's revenue growth below projections. Does this signal more trouble for Indian IT companies ahead?

Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

I'm last of the jokers left; no plan B after I leave Infosys: Nilekani

'I was completely wrong,' Murthy rues not allowing founders' children to join the company

Tech layoffs surpass Great Recession levels, set to get worse in early 2023

The massive layoffs by the tech companies this year alone have surpassed the levels from the Great Recession the world went through 2008-2009 that began with Lehman Brothers collapse

Vee Technologies to hire 3,000 fresh graduates in south India in next 1 yr

Bengaluru-New York headquartered IT services firm, Vee Technologies has announced its plan to add over 3,000 fresh graduates to its work force in south India in the next 12 months, to cater to the growing business from its healthcare customers in the US. As a first step, the company said it has initiated the hiring process to induct 1,200 fresh graduates in biotech, science and arts as part of the Rs 200 crore expansion plan. Vee Technologies' delivery centres in Karnataka, Tamil Nadu and Telangana in India, and in Manila in the Philippines and multiple locations in the USA service global customers in healthcare, engineering and design space, through proprietary platforms. Vee's software, analytics and strategic IT services clients are made up of hundreds of hospitals, including six of the top 10 US hospitals, deploying proprietary platforms and tools, a company statement said. CEO and Managing Director of Vee Technologies, Chocko Valliappa said the company aims to triple the numbe

IT sector may be ripe for cherry picking; analysts more positive on Infosys

Investors though should be selective; analysts more positive on Infosys and Persistent Systems

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Amazon to shut down distribution unit in India, focus on core businesses

The move is a part of the e-commerce firm's strategy to focus on its core business and close-fledging units it has launched such as edtech and food delivery, sources say

Odisha fast emerging as a technology resource hub of India: CM Patnaik

Odisha Chief Minister Naveen Patnaik on Thursday said the state is now "fast emerging as a technology resource hub" of the country and creating jobs for youths. During the inauguration of Happiest Minds IT development centre here, he stated that the new facility will further strengthen the state's position in the sector. Patnaik claimed that the state has been taking giant strides in the IT sector in recent years and the growth momentum is "accelerating". "Odisha is now fast emerging as a technology resource hub of India and creating jobs for youths," he said. The centre at Fortune Towers here will accommodate more than 1,000 people and the company is looking to expand its capacity to serve global clients abroad. Highlighting the IT friendly ecosystem available in Bhubaneswar, Patnaik said most of the companies in the sector have set foot in the state capital. The enabling environment, facilitation service and huge talent pool available here have turned Odisha into a coveted ...