Page 4 - It Services
Suryoday SFB partners Kyndryl to drive digital, IT transformation
Collaboration will enable Suryoday Bank to provide enhanced security, availability, and manageability for core IT and banking applications
 "Suryoday SFB partners Kyndryl to drive digital, IT transformation")
IT companies may not follow HCL Technologies on freshers' salary
Though HCL Tech has bit the bullet, industry majors, which too are battling high attrition, have not given any such signal, so far.
 "IT companies may not follow HCL Technologies on freshers' salary")
Tata Consultancy Services head doubles down on $50-bn revenue target
Since April 1, TCS has changed its organisational structure to align with its strategy of focusing on the growth and transformation agenda.
 "Tata Consultancy Services head doubles down on $50-bn revenue target")
Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore
The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.
 "Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore")
Attrition at TCS touches record high; it may get worse, warns management
Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%
 "Attrition at TCS touches record high; it may get worse, warns management")
Accenture Q2 results beat estimates, warns of impact from Ukraine conflict
Accenture's results continue to show that the momentum for digital transformation and shift to cloud services is growing strong.
 "Accenture Q2 results beat estimates, warns of impact from Ukraine conflict")
Mindtree starts return programme for techies on minimum two-year break
The programme is open to all professionals looking to return to the workforce, the majority of them are expected to be women.
 "Mindtree starts return programme for techies on minimum two-year break")
Nagarro to expand global workforce by 4,500 in coming months
In a statement, the company announced that the size of its workforce has crossed the 15,000 mark
 "Nagarro to expand global workforce by 4,500 in coming months")
Indian IT sector not impacted by Russia-Ukraine war; in wait-and-watch mode
Analysts say no direct presence in Ukraine; per 60% of the sector's business comes from US, another big chunk from UK, Germany and France
Tech Mahindra enters metaverse with TechMVerse launch, eyes 1,200 clients
TechMVerse will be a separate unit that will have a horizontal play within the company and leverage all the services lines and technology segments that the company has presence in
 "Tech Mahindra enters metaverse with TechMVerse launch, eyes 1,200 clients")
Cyber threat a national security matter, defence should tap IT strength: PM
PM Modi stated that cyber security has become a matter of national security.
 "Cyber threat a national security matter, defence should tap IT strength: PM")
TCS tweaks leadership, Suresh Muthuswami made chairman, North America
Surya Kant, who has been at the helm of TCS North America and has spent 43 years at TCS, retires at the end of the fiscal year
 "TCS tweaks leadership, Suresh Muthuswami made chairman, North America")
Icertis's Monish Darda on opportunities, valuation and more
In an interaction with Business Standard's Surajeet Das Gupta, Icertis co-founder Monish Darda tells more about his plans for the SaaS start-up and challenges posed by software bigwigs. Listen in
 "Icertis's Monish Darda on opportunities, valuation and more")
Capgemini views India as more than a delivery centre: Group CEO Aiman Ezzat
The company is increasing the number of centres of excellence in the country this year. Many of these will now focus on technologies like IoT, smart factory, intelligent supply chain
 "Capgemini views India as more than a delivery centre: Group CEO Aiman Ezzat")
Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22
Nasscom, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year.
 "Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22")
TCS launches Clever Energy and two other sustainability solutions
TCS Clever Energy platform leverages IoT, AI, machine learning and cloud to help organizations understand intricate energy performance factors
 "TCS launches Clever Energy and two other sustainability solutions")
TCS to expand ops in New Jersey, hire 1K additional employees by 2023-end
TCS' Edison Business Center, one of 30 TCS facilities in the US, serves more than 100 customers in New Jersey.
Cognizant Q4 results mark its return to double digit annual revenue growth
Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.
 "Cognizant Q4 results mark its return to double digit annual revenue growth")
Cognizant to hire 50,000 freshers in CY22; highest ever for the company
The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.
 "Cognizant to hire 50,000 freshers in CY22; highest ever for the company")
M&A to strengthen as IT services players try and differentiate: Study
Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level
 "M&A to strengthen as IT services players try and differentiate: Study")
