In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme. “H-1B abuse is very high and it is important to check the abuse. All IT services players will adjust to…
Tag: HCL Technologies
Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries
India's famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US…
Read More Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries
This Country Will Be Most Impacted If US Passes New H-1B Visa Bill
It may not be a good time to be a techie in America. Correction: It may not be a good time to be a non-American in Trump's America. "Skilled foreign workers who come to work in the US by the…
Read More This Country Will Be Most Impacted If US Passes New H-1B Visa Bill
What H1B Visa Reforms Mean For IT Companies
Software services industry, already facing pressures on profitability and revenue, has become the latest target of the Trump administration’s moves to protect American jobs. The prevailing protectionist sentiment will lead to a sharp rise in on-shoring and near-shoring arrangements, said…
New H-1B Visa Announcement: Skills Not Salary The Trump Card
On 31 January 2017, an announcement impacting H-1B visa programme has been made by the US House of Representatives making it difficult for companies in the US to employ skilled foreign workers. Among other things, the minimum wage requirement of H-1B…
Read More New H-1B Visa Announcement: Skills Not Salary The Trump Card
Blow For Indian IT: New US Bill Proposes Doubling Wage Limit For H1B Visa
India's information technology (IT) sector will face temporary setback to move workers from India to the US with the bill introduced in the US House of Representatives that mandates minimum wages of H1B visa holders at $130,000, double the current…
Read More Blow For Indian IT: New US Bill Proposes Doubling Wage Limit For H1B Visa
With Digital Transformation As Pivot, HCL Technologies Posts Strong Q3 2017 Results
The appointment of C Vijayakumar in the last quarter is proving to be a good move for HCL Technologies. HCL Tech is going through a change and he is bringing in fresh perspectives in the way their deals are being…
Read More With Digital Transformation As Pivot, HCL Technologies Posts Strong Q3 2017 Results
Indian Techies Nervous About Stay In Donald Trump’s America; Mull Passage Back Home
Indian engineers have for long viewed the US as the land of El Dorado with its promise of riches — professional and personal. But they are now a deeply worried lot as nationalist rhetoric turns shrill in Donald Trump’s America.…
Read More Indian Techies Nervous About Stay In Donald Trump’s America; Mull Passage Back Home
HCL Tech Q3 Net Up 7.8%, Co Maintains Full-Year Guidance
HCL Technologies on Tuesday reported a 7.8% rise in consolidated net profit at Rs2,070 crore for the third quarter ended December 31, 2016, as compared to Rs1,920 crore reported in the year-ago period. Anshoo Nandwaani, Vice President & Principal Analyst,…
Read More HCL Tech Q3 Net Up 7.8%, Co Maintains Full-Year Guidance
Trump-Wary IT Body Nasscom To Meet US Policy Makers Soon
Amid widespread concerns over impending policies of Donald Trump, who is set to take charge as US President from Friday, Nasscom is planning a visit to the US in the next few weeks to reach out to American policymakers and…
Read More Trump-Wary IT Body Nasscom To Meet US Policy Makers Soon
NASSCOM 2 Last
Hoping for a "business-friendly administration", Infosys chief Vishal Sikka says Trump himself is an entrepreneur and a business leader and therefore, he "expects that this will be the case where business and innovation friendly regime." Greyhound Research Chief Analyst and…
Outlook 2017: Tech Industry Faces A Volatile Year Ahead
“2017 is going to be a volatile year for the Indian IT industry,” says Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research. “The pace of technological changes is very high and it will lead to substantial job cuts. The…
Read More Outlook 2017: Tech Industry Faces A Volatile Year Ahead
David Kennedy Exits Infosys Whilst Indian IT Service Providers Battle Protectionist Sentiment
On December 31, 2016, Infosys announced a sudden exit of its General Counsel and Chief Compliance Officer, David Kennedy. While no reasons have been cited by the company, per the terms of exit, Kennedy will receive aggregate severance payments of…
Indian IT Firms Face Uphill Task For New Contracts Up For Rebid
India’s software exporters seem to be the new incumbents in the global technology outsourcing space. In the next two years, clients such as BNP Paribas, Procter & Gamble, Johnson & Johnson, Citigroup and DuPont will look at their existing contracts…
Read More Indian IT Firms Face Uphill Task For New Contracts Up For Rebid
HCL Technologies Eyes 20% Revenue From Digital Play By 2020
HCL Technologies, India's fourth largest software services company, expects digital, cloud, analytics, automation and internet of things (IoT) to grow faster than the traditional business segments, accounting for up to 20 per cent of revenues in next three to four…
Read More HCL Technologies Eyes 20% Revenue From Digital Play By 2020
HCL Technologies June Quarter Profit Rises 14.8% To Rs2,047 Crore
HCL Technologies Ltd, the country’s fourth largest IT firm, saw its June quarter consolidated net profit rise by 14.8% to Rs.2,047 crore on account of broad-based growth across service offerings, and it expects 12-14% revenue growth in the ongoing fiscal.…
Read More HCL Technologies June Quarter Profit Rises 14.8% To Rs2,047 Crore
LinkedIn sets sights on Indian start-ups
US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market…
Acquisition of Geometric gives HCL Tech fillip in IoT segment
The acquisition of Geometric by HCL Technologies gives the latter a fillip to its Internet of Things (IoT) segment. “The additional resources that HCL gets from this acquisition, coupled with Geometric’s ability to solve critical issues for engineering clients are…
Read More Acquisition of Geometric gives HCL Tech fillip in IoT segment
Blackstone India takes Mphasis off HP’s hands for ₹7,100 crore
Private equity player Blackstone India announced that it will buy Bengaluru-based Mphasis for ₹7,100 crore, making it the largest deal in India and bringing to a close speculation over the future of Mphasis. The PE major will acquire Hewlett-Packard’s 60.5…
Read More Blackstone India takes Mphasis off HP’s hands for ₹7,100 crore
Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing
Capgemini’s $4 billion offer to acquire iGATE–the largest buyout of an India-related IT services firm–could well be a harbinger of a clutch of merger and acquisition (M&A) deals involving mid-size firms, say industry watchers. “There are lots of such players…
Read More Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing
Results Of Infosys And HCL Tech Indicate That Strategic Outsourcing Is Dying A Natural Death
From the results of two big IT service providers, namely HCL Technologies and Infosys, it is clear that Strategic Outsourcing (SO) is dying a natural death, believes Greyhound Research. “Strategic outsourcing deals are increasingly being replaced by cloud and/or managed…
HCL Tech Net Misses Estimates, Sinks 12% In March Quarter
HCL Technologies recorded a 12% drop in net profit sequentially for the March quarter, missing street estimates as cross-currency movements impacted earnings adversely. The IT major’s net profit during the period stood at Rs 1,683 crore, while it also disappointed…
Read More HCL Tech Net Misses Estimates, Sinks 12% In March Quarter
HCL Tech Profit Up 3.6% In Q3
HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…
HCL Tech Profit Up 3.6% In Q3
HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…
HCL Tech Q3 Profit Rises 3.6%, Misses Estimates
HCL Technologies Ltd, India’s fourth largest software exporter, on Wednesday posted a 3.6% rise in net profit to Rs.1,683 crore for the three months ended March compared with the year-ago period, missing analysts’ expectations. Net sales rose 11% to Rs.9,267…
HCL Tech Misses Estimates, Disappoints Markets
HCL Technologies, the fourth-largest information technology (IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. "These results are a…
HCL Tech Misses Estimates, Disappoints Markets
(IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. These results are a mixed bag - while on the…
Infosys To Buy Automation Tech Firm Panaya For $200 MN
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
Infosys Buys US-Based Panaya For $200 Million
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Infosys To Buy Automation Tech Firm Panaya For $200 MN
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN