Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “Such layoffs are already happening quietly in the industry…
Read More Cognizant Slashes Jobs As Part Of Cost Cutting, Revamp Plan
Industry experts believe that Cognizant will not see much impact from its ongoing case with the income tax authorities in India. "Cognizant is not a company that is known to be non-compliant. That said, a company of its stature should…
Read More Cognizant Tax Evasion Issue Unlikely To Have Significant Impact
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Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees. “When global competition stepped in, Indian companies went through multiple levels of devaluation – for example…
Read More Cognizant Layoffs: Gloom Continues, Jobs In Tech And IT Companies Dry Up
Every shareholder is happy when a share buyback is announced. Some even pressure companies to repurchase shares because they see no value in remaining shareholders of the company. And sometimes it is the management that wants to be free of…
The Indian software services companies will breathe a sigh of relief as the Indian ministries, authorities and industry lobby had a dialogue with a visiting eight-member US delegation headed by Congressman Bob GoodLatte, on the ongoing concerns of H1-B visa…
Despite the impending dark overtones cast on India’s IT sector, the reality on the ground is far from anything bleak. Irrespective of the announcements from US president Donald Trump, Brexit concerns and the slowing global economy, the IT sector seems…
Read More Donald Trump’s H-1B Visa Restrictions Will Not Be A Deterrent For IT Sector; Here’s Why
Donald Trump's efforts to limit the number of temporary workers in the US will dent India's software industry. Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research, emphasised that the need to have people on-site is more than just…
Read More H-1B Visas: In An Interconnected World, Why Do India’s IT Firms Still Need Them?
Winter has set in, and yet, the biting icy winds do not stop New Yorkers from getting to work. At Liberty Street, inside the Times Inc. office, there are a couple of financial service providers and media companies talking about…
Read More IT Companies Will Have To Prove Their Digital Narrative In 2017
When Vishal Sikka took over as the first non-founder CEO of Infosys, amongst the half-a-dozen initiatives he undertook there was one that went unnoticed. Employee identification cards were tweaked and a new technology-enabled facility was incorporated into the ‘dog tag’…
Read More Demonetisation: How Infoscions Are Coping With Change
The hike in visa fees by the US will not have any major impact on the Indian IT industry since the quantum of hike is not significant, say analysts. On Friday, the US Congress doubled visa fees to $ 4,500…
Read More Hike in US visa fee not to have major impact on Indian IT firms
Perspective On Capgemini Acquisition Of IGATE_Corp by @s_v_g Following IGATE’s acquisition of Capgemini, Greyhound Research’s Sanchit Vir Gogia, said that while the deal is good, it is on the expensive side. Greyhound Research believes that the acquisition of…
Read More Analyst Perspective On Capgemini Acquisition Of IGATE Corp: Sanchit Vir Gogia
The Capgemini-IGATE merger will make the French company a leading employer of Indian engineers, thereby enabling it to better compete with domestic vendors for price-sensitive IT engagements, industry insiders feel. “Our estimate is that Capgemini-IGATE would currently employ 83,000 people…
Read More Capgemini To Become No. 3 MNC IT Employer In India
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
Six years ago, the biggest question facing the Indian industry was whether the Satyam corporate accounting fraud will slow down offshoring to home-bred IT companies. Many thought that the fraud perpetrated by B Ramalinga Raju and team would be seen…
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The USD 120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
HCL Technologies needs to rethink its strategy as its fastest-growing vertical, infrastructure services business, has been slowing down with clients shifting to cloud technology , experts said, suggesting increased investment to push other businesses at India's fourth largest information technology…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
The newly appointed Government in India has worked like a shot in the arm for country's economy. A recent study by ASSOCHAM confirmed that this new wave of leadership for India is expected to double foreign investments to US$ 60…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Read More #GreyhoundInMedia: IT services firms to post strong Q1 revenues #Press #Media #EconomyLead
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter but margins may remain under pressure due to salary hikes, visa costs and a stronger rupee, market analysts have said. Greyhound Research CEO Sanchit Vir…
