Accenture Cuts 19,000 Jobs, Slashes FY23 Revenue Growth Forecast

In an indication of worsening macroeconomic conditions and its impact on the IT sector, Accenture Plc on Thursday announced that it would cut about 19,000 jobs or 2.5 percent of its workforce over 18 months and lowered its annual revenue projections for…

TCS Needs To Reinvent Under New Leadership Of Krithivasan: Experts

As K Krithivasan is set to take the helm of Tata Consultancy Services from the outgoing CEO, Rajesh Gopinathan, experts argue that the incoming CEO will need to rethink the growth strategy for the IT giant yet again.  Sanchit Vir…

PE Investments In Data Centres Grow Fivefold YoY, Reach $2.2 Bn

An increase in digitization of businesses coupled with rising demand for localization of data has catapulted the quantum of private equity investments in Indian data centres by more than 5 times.   Sanchit Vir Gogia, chief executive of Greyhound Research, explained that data centre colocation…

Broadcom Acquires VMware For $61 Billion In Second-Biggest Deal Of 2022

Semiconductor major Broadcom Inc will acquire cloud and virtualization company VMware in a cash and stock deal valued at $61 billion. Broadcom’s Software Group, which offers infrastructure and security solutions, will also be rebranded and merged within VMware. With this…

Reimagining the Techverse – The Future of Cloud

Catch Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound Research, in discussion with Ivor Soans, Editor - Special Features, Bloomberg Quint and Subram Natarajan, Director of Customer Engineering at Google Cloud. From multi-cloud strategy, super cloud to cloud buying…

Reimagining the Techverse – The Future of Cloud

Catch Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound Research, in discussion with Ivor Soans, Editor - Special Features, Bloomberg Quint and Subram Natarajan, Director of Customer Engineering at Google Cloud. From multi-cloud strategy, super cloud to cloud buying…

From Zee to Meta — Subhash Chandra’s New Universe

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Virtual Banks, Digital Humans, Social Chat Spaces — Inside TCS’ Metaverse Game Plan

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IT Firms Tap Nascent Metaverse To Help Clients Explore Its Potential

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Microsoft Plans To Establish Its Largest India Data Centre Region In Hyderabad

Tech giant Microsoft Corp. on Monday said it plans to establish its largest India data centre region in Hyderabad, Telangana. The first phase is expected to be operational by 2025. It's a well-established fact that the pandemic has forced orgs…

SAP Counts On Small, Medium Firms To Drive Cloud Business

German software firm SAP expects strong cloud adoption this year, driven by small and medium-sized businesses (SMBs) that have accelerated their investments in a multi-cloud strategy. It's a well-established fact that the pandemic has forced orgs to invest in digital…

Geo-Distributed Data Centres Key To A Future-Ready Tech Architecture: A Cross-Industry Perspective

Catch Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound Research, discuss with CIOs from Automobile, Manufacturing, ITeS about using a geo-distributed data centre environment to ensure a future-ready technology architecture. The following leaders attended this power panel: Abhinav Srivastava,…

Geo-Distributed Data Centre Architecture Key To Offering Digital Banking Services

Catch Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound Research, in discussion with John Varughese, Head - IT & Digital Banking, Dhanlaxmi Bank. In this chat, Sanchit talks to John about the changing Data Centre Architecture and the importance…

Sify To Invest ₹1250 Crore To Generate Green Power For Data Centers

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IBM Unveils Cyber Security Hub In Bengaluru

International Business Machines Corp. (IBM) said on Wednesday it is launching a cybersecurity hub in Bengaluru to address the concerns of its clients across the Asia Pacific (APAC) region. Analysts agree the need for a security hub like this is…

Revenue Forecasts Of IT Firms Signal High Demand For Cloud

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Data  Centre  Boom To Spur  Talent Race

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Infra Status For Data Centre Biz To Spur Growth, Say Experts

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Business As Usual For IT Companies Despite Omicron, Say Experts

The United States and UK are the top two markets for the $190 billion Indian IT industry and the spike in Covid-19 cases has brought back concerns of a global lockdown, and how this would impact the sector. Sanchit Vir…

Infosys Raises FY21 Forecast As Digital Service Biz Booms

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IBM Business Split: One-Fourth Of India Staff May Be Part Of New Entity

With IBM Corp. splitting its business into two companies to build focus on hybrid cloud and artificial intelligence (AI), up to one-fourth of its India employees are expected to be part of the new entity, Arvind Krishna, chief executive officer, IBM said on…

IBM Splits Into Two – Initial Thoughts By Greyhound Research

While the Greyhound Research team is working on a more in-depth commentary about the IBM Split, broadly, we believe this move mirrors the tough call that IBM took ages ago when it let go of its PC business and sold…

US Imposes Fresh Curbs On H-1B Visa

The latest changes to the H-1B visa program introduced amid a tough US presidential election campaign are expected to directly affect technology companies, foreign workers, and employers who rely on these non-immigrant US visas. “IT services providers can expect delayed decision-making and…

Trump Takes Another Stab At H1B Little Realizing It May Cause More Harm Than Good

Last night the US administration sent yet another shock wave to the Indian IT by announcing changes to the H1B visa program again. Amongst the broader posture of clamping down aggressively on the number of visas issued, the Trump administration has…

Cloud Computing Is Betting On Outer Space

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IT Companies Resort To Layoffs As Pressure Mounts Due To Covid Crisis

The information technology (IT) industry is laying off thousands of employees across the globe and in India, on grounds of non-performance, lack of projects and rightsizing surplus staff as pressure mounts on firms due to an uncertain business environment.  …

With Valuations At Historical Low, M&A Activity To Pick Up Pace In IT Industry

The hunt for the right acquisition in the IT industry is expected to pick up pace as valuations are down to a historical low, with the possible merger of mid-tier players Mindtree and L&T Infotech playing out earlier than expected. …

Trump’s Order Queers The Pitch For H-1B Workers

US President Donald Trump’s order restricting American federal agencies from hiring foreign workers, including those on the coveted H-1B visas, is likely to further squeeze Indian outsourcers as they work on many such projects either directly or as sub-contractors.  …

Companies Pivot To Digital Even As IT Budgets Are Under Pressure

As the proverbial light at the end of the Covid-19 tunnel increasingly seems like a mirage, with every day bringing new challenges, IT budgets are under increasing pressure. But companies are also spending on initiatives that will help them recover quickly…