Page 5 - It Industry

IT firms set to slash 3 mn jobs by 2022 due to automation, says Report

The move will help them save a whopping $100 billion mostly in salaries annually, report said

STPIs reinvent as IT/ITeS players prefer WFH, eye other emerging verticals

About 12 Centres of Excellence have been recently approved and will be launched soon

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

KPIT Q4 net profit rises 23.6% YoY to Rs 47 cr, revenue dips 3.8%

The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues

Tech Mahindra net profit up 34% YoY at Rs 1,081 cr, declines sequentially

Revenue for the quarter up 2.5% YoY to Rs 9,730 crore, and 0.9% compared to preceding quarter ended December 31, 2020

Demand remains robust despite second Covid-19 wave: HCL Technologies CEO

HCL Tech CEO C Vijayakumar spoke to Neha Alawadhi about the firm's plans for the year and the impact of the pandemic

IT industry needs a 'skiller' app to double digital growth in 5 years

Access to digital talent has been identified as a key hurdle to doubling growth in the industry in the next five years. Here's how it's trying to bridge the gap

Willing to help in fight against Covid-19: Velamakanni of Fractal Analytics

After the outbreak of Covid-19, Fractal quickly scaled up efforts to provide empathy towards its staff, customers and vendors. The AI firm is now set to cross $1 bn in revenue

HR head at HCL Tech says onshore offshore model changing due to pandemic

Flexible workforce trend is here to stay, says Apparao V V

Accenture India head Rekha Menon to take over as Nasscom chairman for FY22

She succeeds U B Pravin Rao, COO, Infosys, to become the first woman to take on this role at Nasscom; Krishnan Ramanujam of TCS is Vice Chairperson

Rapid vaccination in US, Europe may spur onsite demand for Indian IT firms

To be able to manage any uptick in such demand Indian IT services players are hiring more locals, and relying on hybrid work models

IT companies look set for strongest quarter in years, say analysts

Growth for the quarter will be driven by acceleration in digital technologies, improved demand in the aftermath of Covid, ramp-up in deal wins, and migration to Cloud

Accenture's investment in Cloud-based technology pays off, say analysts

Accenture has, over the last year, doubled down on its digital services by aggressively investing in cloud-based technology, which has paid off for the company

Centre announces Rs 15,000 crore PLI for pharma, IT hardware sectors

Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world

Over 90% of tech employees continue to work from home: Azim Premji

IT czar Azim Premji on Sunday said more than 90 per cent of the workforce in the technology industry of the country continue to work from home, and lauded the hybrid model of work.

Work from home; collaborate in office: Indian IT industry marks change

Zoom calls may work for a few but can they replace a town-hall meeting: Executives are debating

Services PMI expands for 4th straight month as vaccine drive fuels optimism

Though growth began accelerating in December, headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth

Indian IT spend to rise 6.8%, reach $88.8 bn in Calendar 2021: Gartner

Spending fell 2.7% in 2020 with focus only on 'mission-critical' tech & services during early stages of pandemic; worldwide spending pegged at $3.9 trillion in 2021, up 6.2%

India's tech industry hails Joe Biden's stand on immigration, H-1B rules

Trump admin had placed several curbs and made unfavourable changes to the H-1B visa rules. Biden has either withdrawn or frozen some of these provisions

Biden's immigration bill proposes to scrap country cap, to help IT in India

Joe Biden, hours after being sworn in as the 46th President, will send a comprehensive immigration bill to Congress