Mphasis Eyes Double-Digit Revenue From Blackstone

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…

Intel India FY18 Profit Up 4.6% To Rs 379 Cr, Revenue Grows 23%

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…

DXC’s Acquisition of Luxoft Will Likely Reduce Its Dependency On Mphasis

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…

As Action Moves To Cloud, Server Sales Take A Hit

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…

Dell Beats HPE To Become Global Market Leader In Server Sales

After over two decades of selling servers, Dell Technologies, for the first time, has become the undisputed leader in both units and revenue for servers worldwide, in the first quarter (January-March) of the calendar year 2018, said a top executive…

Dell Sharpens Focus On AI Suite As It Prepares For A Digital Future

Dell is sharpening its focus on technologies like AI suite comprising machine learning and deep learning, IoT, robotics, human-machine partnerships—all in an effort to stay relevant in the digital world. According to a Greyhound survey titled ‘State of AI 2017’,…

Dell EMC On Track To Serve Digital Transformation Opportunities

Dell Technologies, the company that was formed when Dell Inc. acquired EMC Corp. for $67 billion, remains bullish on its “long-term” growth prospects. Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research, said that while the Dell-EMC combine has…

What Brexit Means For CEOs & IT Leaders

On Friday, 24 June 2016, Britain faced a decisive moment when the majority of its population (51.9%) voted in favour of moving out of the European Union (EU). In words of the exiting Prime Minister David Cameron, Britain went through…