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…
Read More Accenture Cuts 19,000 Jobs, Slashes FY23 Revenue Growth Forecast
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…
Read More TCS Needs To Reinvent Under New Leadership Of Krithivasan: Experts
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…
Read More PE Investments In Data Centres Grow Fivefold YoY, Reach $2.2 Bn
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…
Read More Broadcom Acquires VMware For $61 Billion In Second-Biggest Deal Of 2022
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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…
Read More Microsoft Plans To Establish Its Largest India Data Centre Region In Hyderabad
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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…
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Last week turned out to be quite intense for IBM. First came the news of its email migration project gone wrong and then Jim Whitehurst stepping down from his role as the President. Both this news caused enough and more stir…
Read More From Emails To Exits: The Week That Put IBM Back At A Crossroad
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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…
Read More IBM Business Split: One-Fourth Of India Staff May Be Part Of New Entity
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…
Read More IBM Splits Into Two – Initial Thoughts By Greyhound Research
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