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Mphasis is eyeing double-digit revenue contribution from companies in the portfolio of Blackstone, American private equity firm that owns a majority stake in the software services firm, up from around 5% at present, said its chief executive Nitin Rakesh. Historically, the IT and business…
Amazon is working with brands across sectors to enable them to build skills on its Alexa platform. From daily news updates to smart-home integrations, banking services, food ordering and cab hailing, Alexa has been equipped with skills as the service expands.…
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Intel India saw profits grow 4.6% to Rs 379 crore and revenue by 23% to Rs 4,149 crore in fiscal 2018, according to the company's filings with the Registrar of Companies (RoC). The company has seen increased competition from peers such as…
The huge blow to British Prime Minister Theresa May’s Brexit deal in the House of Commons has further complicated an already-uncertain environment for Indian IT services firms. The UK is the second-largest market for the Indian IT industry after the US, and…
On Jan. 15, video streaming service, Netflix, made headlines as it increased its subscription cost by 13-18% across the US and Latin America. This is the biggest increase by the company since its inception 12 years ago and will impact 58 million American subscribers,…
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DXC Technology’s decision to acquire niche engineering services firm Luxoft may be considered as a step towards eventually reducing its dependency on Mphasis, said analysts. DXC, an IT and digital services company, was formed in April 2017 after the merger of CSC and the…
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Server sales in India declined for the first time due to weak demand from IT services firms, whose clients are increasingly renting space on the cloud to host applications instead of setting up their own infrastructure. Analysts said there were examples of…
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Vodafone Idea Ltd. (VIL), India’s top telecom operator, may miss an internal deadline of December 2018 to finalise new IT contracts, and is holding advanced talks with US software major IBM to finalise a multi-year deal by March end, which, some estimates suggest, could…
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