Happiest Minds: Focus On Youth, Wellness Pays Off
IT services firm uses technology to hire/retain staff and make communication a two-way street.
it industry
April 2024
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April 2023
Indian IT services sector set to grow at 3-5% in FY25: ICRA
IT industry is projected to see a mild revenue increase of 2% in the first three quarters of FY24, with growth remaining modest at 3-5% in FY25.
Bettering Tech’s Big Boys
At a time when big IT services companies are struggling, the agility of mid- and small-cap firms is giving them an edge.
Nilanjan Roy resigns as Infosys CFO; Jayesh Sanghrajka takes over
Roy will be replaced by Jayesh Sanghrajka as the CFO and key managerial personnel of the company from April 1, 2024.
TCS to make $125 mn balance provision in Q3 after US court rejects plea in Epic Systems case
In the lawsuit, Epic Systems alleged TCS employees of fraudulently accessing Epics software beyond the purview of the consulting contract in order to improve their competing product.
PLI scheme 2.0 in IT hardware: 23 firms ready, 4 to start production in 90 days
PLI scheme to generate 2 lakh jobs, with total investment by companies expected at ₹3,000 cr, says Ashwini Vaishnaw
Tech Mahindra Q2 profit plunges 62% to ₹494 cr; revenue drops 2%
Sequentially, the profit declined 28.7% as against ₹692.5 crore in the June quarter.
Wipro Q2 profit flat at ₹2,667.3 cr; revenue dips 0.10%
The IT major expects its IT services revenue growth in the December quarter at -3.5% to -1.5%.
Why IT Majors Fret Over FY24?
As US recession looms large, Indian IT services companies are bracing for a hard landing.
Infosys launches ‘Live Operations' Platform for telecom providers
The platform aims to deliver up to 95% improvement in operational efficiency, a 10% to 20% increase in quality of service and experience, and a 40% reduction in operational costs.
