Page 6 - It Firms

No global offers, but highest domestic pay up 35% in IIM-A's PGPX placement

Attracts domestic maximum earning potential (MEP) of Rs 81 lakh as against Rs 60 lakh last year

Infosys to acquire US-based firm Kaleidoscope Innovation for $42 million

Will pick up 100% stake in a deal that is expected to close during the second quarter of fiscal 2021

IT firms lead IIM-A's one-year executive MBA final placement with 42 offers

Concluded in July, IIM-A releases audited placement report

Third wave of IT outsourcing expected post Covid-19 to benefit India

Post Covid-19, a third wave of IT outsourcing after the previous ones in the year 2000 and 2008 is expected, which would benefit Indian IT companies and tech jobs

Covid-19 likely to impact 5% IT employees in India, take away 200,000 jobs

The Indian IT and BPM sector employs around 4.4 million people, directly and indirectly. Every year, around 2-3 per cent of the employee base get impacted owing to performance related issues

TCS may see slower revenue growth, profitability over 12-18 months: S&P

"We now expect TCS' revenue to rise 0-1 per cent in the fiscal year ending March 31, 2021, compared with growth of 5.3 per cent in fiscal 2020," it said

IT firms roll out solutions to help clients return to office smoothly

WFH-themed solutions aimed at cost saving and better employee management for clients

Wipro completes acquisition of Brazilian IT firm IVIA Servios for $22.4 mn

In July, Wipro had said IVIA's local talent and long-standing relationships, combined with its own global expertise, will help expand its geographical footprint in Brazil

We're on the path to becoming fastest growing IT firm again: Cognizant CEO

The macro demand is uncertain, but we did better than our April performance, he says

Cognizant income down 29% at $361 mn, revenue declines 3.4% in June qtr

For the June 2020 quarter, Cognizant's revenue saw 3.4 per cent decline (2.5 per cent in constant currency) at $4 billion from $4.14 billion in the year-ago period

Cognizant ropes in Anil Cheriyan as executive VP strategy and technology

In an e-mail to employees, the company's CEO Brian Humphries said Cheriyan will join Cognizant on August 3 in the new role

HCL Tech pegs revenue growth at 1.5-2.5% for FY21; wins 11 deals

The Noida-based firm reported a PBT of Rs 3,862 cr, up 31.7% YoY, while it remained flat sequentially

IT industry headed for Uberisation of workforce: Capgemini India CEO

Capgemini India's Chief Executive Officer Ashwin Yardi talks to Bibhu Ranjan Mishra and Sai Ishwar about the impact of Covid-19 on business

Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

Delaporte is new Wipro CEO, says IT firm will emerge stronger from pandemic

Delaporte, who is the first foreign national to lead Wipro since its inception, said it was disappointing that he could not meet his fellow colleagues in India due to the ban on international travel

Startups try to woo talent returning to India from US amid H1B visa woes

According to industry experts, a stricter visa regime to improve local employment and closure of onshore opportunities in the US, is likely to result in a reverse brain drain

Indian IT firms may report 5-9% contraction in revenues for June quarter

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

Obscure Indian cyber firm spied on politicians, investors worldwide

New Delhi-based BellTroX InfoTech Services targeted more than 10,000 e-mail accounts

Indian IT firms strengthen Cloud practice as digital adoption picks up

Companies are tying up with Cloud platform firms, ramping up internal team of specialists

Covid-19 impact: Dividend payout by IT firms likely to dip further in FY21

Payout has fallen for most firms except TCS in FY20 as companies looked at conserving cash