Why IT Majors Fret Over FY24?
As US recession looms large, Indian IT services companies are bracing for a hard landing.
it industry
May 2023
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December 2021
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.
Tech SMEs to contribute 7-9% of industry in FY23: Nasscom
With the Indian tech industry expected to grow to $500 bn by 2030 from the current $245 bn, share of tech SME is also expected to grow to $35-40 bn by 2030.
Accenture to lay off 19,000 employees, lowers revenue guidance for FY23
According to the company’s SEC (Securities and Exchange Commission) filing, Accenture had approximately 7,38,000 workforce as of February 28, 2023.
Wipro Q3 profit up 2.8% at ₹3,052.9 cr; revenue surges 14.35%
Wipro says it expects revenue from its IT services business for the full year to be in the range of 11.5% to 12%.
Shrinking American Pie for Indian IT?
The domestic IT industry, which rode on the pandemic-led digitisation, is bracing for a slowdown as the U.S. and Europe stare at recession. Will this crisis lead to new opportunities?
'Moonlighting can cause confusion’: IBM India MD says no to gig work
IBM India MD Sandip Patel says a second job – full-time, part-time, or contractual – is a failure to comply with IBM’s employment obligations.
Mindtree Q2 net profit grows 27.5% to ₹509 cr; revenue up 31%
The company’s revenue from operations surged 31.5% at ₹3,400.4 crore, compared to ₹2,586 crore in the same period last year.
From ₹700 to ₹5,875: This largecap IT stock delivered 8 times return in 6 years
The latest share price indicates that those who invested in this multibagger stock in 2016 have garnered 742% growth during the last six years.
Predictions 2022: Edge tech, enterprise 5G, cybersecurity in focus
Even incremental improvement will create enormous opportunity to positively transform the way we live, learn and work, writes John Roese of Dell Technologies.
