Page 5 - It Companies

Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020

Despite some slowdown, the outlook for IT firms appears reasonable

Weak rupee, recovery in US, lower valuations and domestic market volatility are tailwinds

With attrition back, top IT players head to the campus for hiring

Employee exits could well impact their double-digit growth plans. Going by the commentary the top three IT services will hire over 75,000 campus freshers for FY22

Growth back to double digits, TCS sets eyes on global consulting business

IT players have preferred to enter consulting through acquisition, but TCS will build this organically

3i Infotech appoints Thompson Gnanam as new managing director, global CEO

3i Infotech Ltd on Thursday said Thompson Gnanam has been appointed as the company's managing director and global CEO, with immediate effect.

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros

IT services major Wipro on Thursday said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crore)

Deals back for IT firms but shortage of skilled workforce a concern

According to an industry executive, attrition is likely to reach pre-Covid levels of 17-20 per cent as employees switch jobs.

Covid-19 accelerates firms' digital transformation strategy: Report

89.7% of business and IT leaders in the Asia Pacific say Covid-19 has caused significant changes to their operating processes

Accenture's record bookings positive for Indian IT companies

Infosys, HCL Tech are top picks on growth and valuation parametres

Accenture's investment in Cloud-based technology pays off, say analysts

Accenture has, over the last year, doubled down on its digital services by aggressively investing in cloud-based technology, which has paid off for the company

Accenture Q2FY21 earnings: Five ways in which it can impact Indian IT

Accenture's Q2FY21 revenue beat, bookings at historically high and improvement in demand trends even in stressed verticals were among the key highlights from Accenture's Q2 show

Oracle, Intuit veteran Sanket Atal joins Salesforce as India MD

India is home to the second-highest Salesforce workforce outside of the US.

Tata Consultancy Services to recruit 1,500 tech staff in UK next year

India's largest software services firm Tata Consultancy Services (TCS) on Wednesday said it will recruit 1,500 technology employees across the UK over the next year

HCL Tech's one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

Applies to employees who have spent a year with HCL; a large number of visas unused due to Covid

Indian independent software vendors fast moving to Oracle Cloud

A large number of Indian independent software vendors (ISVs) are choosing to run their business critical applications on Oracle Cloud Infrastructure (OCI) to improve application performance

HCL Tech announces one-time special bonus worth Rs 650 cr for employees

Th company had crossed the $10 billion mark in calendar year 2020, delivering a year-on-year growth of 3.6%

Spike in localised hiring, travel curbs may prune visa demand in top IT cos

TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 yrs

Nasscom hails ten-month delay in implementing Trump's H-1B allotment rule

Dept of Homeland Security will now push date of the rule March 9 to December 31, will review it as a whole for potential changes or for rescinding it

Deal wins, digital demand put IT companies back on growth track

Margins too surprised positively on higher offshoring and utilisation

IT companies revenues to grow up to 9% in FY22 on tech demand: Icra

Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said