Fixed pay of junior and mid-level employees also raised Wipro has hiked wages of its employees by seven per cent, in line with the industry, to curb attrition and rejuvenate growth. According to Nasscom, the Indian IT industry is expected…
Tag: Wipro
What Indian CIOs make of outsourcing price wars?
If you were to come up an apt phrase to describe the outsourcing market, what would it be? Not too tough a guessing game! But just in case you haven't been able to guess it right, don't cudgel your brains.…
Capgemini To Become No. 3 MNC IT Employer In India
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…
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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
Capgemini Acquires IGATE Corp For $4 Billion
French IT-services major Capgemini on Monday announced the acquisition of US-based IGATE for $4.04 billion in a combination of cash, stock and debt deal. With this acquisition, Capgemini expects to boost its presence in North America, the largest IT-services market…
Will The New COO Rewrite Wipro’s Growth Strategy?
Abid Neemuchwala’s appointment comes at crucial time, with top executives set to retire. “It will help Kurien to focus on acquisitions and new business models,” added Sanchit Gogia, an analyst at Greyhound Research. To read the Full Article, click here:…
$130-b Software Sector Braces For Currency Correction
After TCS and Mindtree set the alarm bells ringing with their cautionary outlook, exporters in the $130-billion sector are bracing for currency volatility, as global currencies have depreciated sharply against the dollar in the recent past. The slowdown can also…
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With IT Companies The King Of Good Times, Clients Want To Be Prince
Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from…
Read More With IT Companies The King Of Good Times, Clients Want To Be Prince
Big Local Tech Buyers Push IT Vendors For Rate Cuts
Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from…
Read More Big Local Tech Buyers Push IT Vendors For Rate Cuts
Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
The National Association for Software and Services Companies expects Indian IT exports to grow 12-14% in FY16, after the industry marginally missed its growth forecast for the current financial year. The projected growth is slower than last year, raising concerns on…
Read More Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
The days of ‘big bang’ hiring by IT firms may be over
‘Trespassers will be recruited,’ an adage that defined the hiring needs of India’s $120-billion IT services space in the last decade may no longer hold true. All indications are that frontline companies may hire fewer staffers going forward as they bring…
Read More The days of ‘big bang’ hiring by IT firms may be over
Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Infosys Q3 Net Profit Up 13%, Beats Expectations
Beating expectations, Infosys today reported 13 per cent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Riding The Next Wave Of Digital Growth
Indian IT services companies are realizing that ‘digital’ is the way to go. They are investing in new technologies such as cloud computing, mobile technologies, data analytics among other and bagging high-margin outsourcing contracts to respond to the growing competition. In an…
#GreyhoundInMedia: Infosys (@Infosys) joins Indian peers in boosting hiring in US #Press #Media @Mint
Of these, 1,500 will be experienced professionals, while the rest will be hired from American colleges and universities “There is at least a 60-70% variable pay gap between onsite and offshore employees on average. However, these onsite employees are much…
#GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer
The traditionally strong September quarter saw an unusual and unexpected slowdown in what seems like winter setting in a bit too early for the country’s top IT services companies. The December quarter is usually the weakest for the companies, with long…
Read More #GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer
#GreyhoundInMedia: Wipro (@Wipro) fails to meet Street expectations #Press #Media @financialxpress
Wipro, India’s third-largest IT services exporter, has reported a 0.9% sequential decline in net profit in rupee terms for the September quarter, impacted by wage hikes and its top clients curbing their technology spends. The net profit stood at R2,084…
#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @mybangalore
Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. “With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…
#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @financeeveryday
Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters.In the quarter ended September 30, the Bangalore-based firm reported an eight per cent rise in net…
#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @bsindia
Wipro, India's third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. "With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…
#GreyhoundInMedia: Huawei enters IT services with telecom projects #Press #Media #HinduBusinessLine
Telecom networking giant Huawei has entered IT services, a shift from its hardware-focussed strategy which will eat into the marketshare of Indian software exporters, especially in telecom-related projects. Huawei started off making telecom equipments such as routers and switches for…
#GreyhoundInMedia: Cognizant to buy US-based TriZetto for $2.7 billion #Press #Media #BusinessStandard
Deal to bolster firm's position in healthcare IT. In what could strengthen its leadership in the healthcare technology space, Nasdaq-listed information technology (IT) services company Cognizant has entered into a definitive agreement to acquire US-based TriZetto in an all-cash deal valued…
#GreyhoundInMedia: Asia-Pacific, Middle East new focus areas for IT services firms #Press #Media #Mint
Indian software services exporters have begun sharpening their focus on countries like Japan, China, Malaysia, Australia and those in the Middle East, given the growth potential of these markets. Sanchit Vir Gogia, chief analyst and chief executive of Greyhound Research,…
#GreyhoundInMedia: HCL Tech Q4 Net Jumps 53.7%; Sees Strong Growth Ahead #Press #Media #BusinessStandard
Buoyed by strong growth in application and infrastructure services, India's fourth largest IT solutions firm HCL Technologies Thursday reported a 53.7 per cent surge in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30,…
#GreyhoundInMedia: HCL Tech Q4 Net Jumps 53.7%; Sees Strong Growth Ahead #Press #Media #NewIndianExpress
Buoyed by strong growth in application and infrastructure services, India's fourth largest IT solutions firm HCL Technologies Thursday reported a 53.7 per cent surge in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30,…
#GreyhoundInMedia: HCL Tech Q4 Net Jumps 53.7%; Sees Strong Growth Ahead #Press #Media #PTI
Buoyed by strong growth in application and infrastructure services, India's fourth largest IT solutions firm HCL Technologies Thursday reported a 53.7 per cent surge in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30,…
#GreyhoundInMedia: Wipro likely to beat Nasscom’s growth estimates this fiscal, say analysts #Press #Media #CommunicationsToday
Despite a tepid guidance for the first quarter of this year, fuelled by multi-million dollar deals in the past few months, Wipro is expected to beat Nasscom’s 13-15 per cent growth estimates for the 2015 fiscal. Analysts believe that on the…
#GreyhoundInMedia: TCS Continues To Outpace Infosys, Revenue Gap Widens To Rs 33,313 Cr #Press #Media #CommunicationsToday
India's largest IT services exporter, Tata Consultancy Services (TCS), has been outperforming its peers consistently and the gap with its rivals is continuing to widen. For instance, in FY10, the revenue difference between TCS and Infosys was Rs 7,559 crore,…