BUSINESS
Indians are good at applying ideas generated elsewhere: Infosys founder Narayana Murthy
Murthy urged youngsters to have role models and we will be able to “invent new things”.
TECHNOLOGY
Human mind most powerful instrument invented by God: Narayana Murthy on AI replacing coders
Murthy said that the concern about job loss should be replaced by discussions, debates, and thinking on how AI, generative AI, large language models, and other such nascent technologies could be used as assistive tools to make human beings even more productive.
BUSINESS
Mid-tier IT loses more ground than larger ones as vendor consolidation gains steam
Experts say that even as vendor consolidation deals are being lapped up by the larger companies, their mid-tier rivals have borne the brunt
BUSINESS
Investors see PM Modi coming back, have confidence in reform-oriented govt, says USISPF chief
Mukesh Aghi says investors look at India's election as a role model and believe that the country is a good place to invest
BUSINESS
What's in a name? Cognizant India becomes Innovate amid trademark dispute
A Cognizant spokesperson said the company is temporarily using ‘innovate’ as a header in its social media channels to commemorate one-year anniversary of its Bluebolt innovation initiative
BUSINESS
TCS CEO K Krithivasan earned Rs 25.36 crore in FY24
Outgoing Chief Operating Officer NG Subramaniam earned Rs 26.18 crore in FY24
BUSINESS
Happiest Minds' says it is gaining market share; Margins to continue to decline in FY25
When asked about vendor consolidation deals being handed over to bigger rivals, the company said it has not witnessed any such occurrence in the market.
BUSINESS
India aims to be the AI use-case capital of the world, says Nandan Nilekani
Nilekani also said that doomsday propagators of AI are protectionists while India will open technology for all
BUSINESS
Coforge to acquire 100% stake in Cignity Tech within a year; acquisition will help it grow to $2-bn firm
The midcap information technology firm will begin complete integration of operations after taking over 51 percent of the company
BUSINESS
Cognizant’s headcount declines by over 7,000 in Q1
The Teaneck-headquartered firm’s headcount decreased by 3,300 sequentially and 7,100 YoY, ending with 344,400 employees in the first quarter of 2024.
BUSINESS
Cognizant Q1 revenue falls over 1% due to weak discretionary spending
The company also saw its headcount decrease by 3,300 sequentially and 7,100 YoY, ending with 344,400 employees in Q1.
BUSINESS
Birlasoft CEO says perfect storm of uncertainty in IT sector; FY25 to mirror FY24
The combined effect of economic uncertainty, varying GDP growth rates across nations, and geopolitical conflicts have created an unpredictable demand environment, not just for Birlasoft, but for the IT sector overall.
BUSINESS
At Rs 50 crore, Wipro’s Pallia becomes the second-highest paid CEO in industry
The top spot is currently occupied by Infosys’ CEO Salil Parekh, who rakes in Rs 56 crore annually as his total remuneration package
BUSINESS
CEOs of IT companies expect mixed bag in FY25 after weak show last year
While TCS and Tech Mahindra say the current financial year will be better than the last one, Infosys and HCLTech expect it will be similar.
BUSINESS
Wipro’s consulting business Capco sees “green shoots”
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
BUSINESS
Wipro CEO Pallia unveils five focus areas to turn around the company
Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.
BUSINESS
Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25
CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time.
BUSINESS
TCS outperforms Infosys in revenue growth for the first time in five years
Although TCS is much bigger than Infosys in size, it has still outperformed its Bengaluru-based next-best rival hands down.
BUSINESS
Infosys records highest ever yearly TCV at $17.7 bn; posts $4.5 billion in Q4
The record TCV wins were despite a challenging macroeconomic environment and an ongoing slowdown in discretionary spending.
BUSINESS
Clients willing to have pricing discussions due to onsite inflation, says Infosys CFO
On similar lines, larger rival Tata Consultancy Services had told Moneycontrol that the company has a "greater opportunity" to improve pricing.
BUSINESS
Infosys gives revenue guidance of 1-3% for FY25
The Bengaluru-based company revised its annual revenue growth guidance five times in the previous five quarters.
BUSINESS
Wipro Q4FY24 earnings preview: Top five factors at play
Wipro is expected to post revenue of Rs 22,281 crores for Q4FY24, increasing marginally by 0.3 sequentially and declining over 4 percent YoY.
BUSINESS
Infosys Q4FY24 earnings preview: Top five factors at play
Infosys is expected to post revenue of Rs 38,413 crore in Q4, implying a 2.6% YoY increase but a sequential decline of 1.1%. Net profit is estimated to be flat both sequentially and YoY at Rs 6,128 crore.
BUSINESS
Difficult to call when growth will return, says TCS CEO Krithivasan
Krithivasan said TCS will outperform in FY25 compared to FY24, because he expects major markets will turnaround very soon
