Telangana Chief Minister A Revanth Reddy has inaugurated a brand new campus of Cognizant on Wednesday. The ten-lakh sq ft workplace has 16 flooring and may seat 9,000 associates. The corporate’s Hyderabad operations, kickstarted in 2002, now make use of about 57,000 staff. Of those, about 39 per cent are girls. Additionally learn: Cognizant to … Read more
In its annual report for monetary yr 2023-2024, HCLTechnologies reported that its CEO C Vijayakumar’s whole remuneration for the fiscal yr was about $10.06 million, which is round ₹84.16 crore. The report talked about that the CEO earned a base wage of round $1.96 million, a performance-linked bonus of $1.14 million, with round $2.36 million … Read more
The disappointing Infosys outcomes ideally shouldn’t be a shocker, given the actual fact that there have been sufficient forewarnings. The primary is the declining headcount pattern. By the top of 3Q, Infosys’ headcount had declined by 6 per cent Y-o-Y. If firms see a turnaround on the horizon, they won’t be lowering headcount, given they should scramble … Read more
Come April, migration season begins — within the IT business! It’s a time when IT professionals bounce from one firm to a different towards the backdrop of value determinations. This can be a delight for the staff, however a nightmare for placement officers. This time round, the location officers in IT corporations are panicking as … Read more
The fourth quarter of 2023-24 will not be going to convey any excellent news for the Indian IT business. Going by the worldwide macro cues, the fourth quarter outcomes are more likely to replicate the continuation of latest delicate demand traits. There, nevertheless, is a chunk of excellent information. A restoration within the US financial … Read more
The know-how trade’s income is predicted to hit $253.9 billion in fiscal yr 2024, rising at a price of three.8 per cent, slower than the earlier years’ price of 8.4 per cent, as macroeconomic headwinds crush the momentum of the sector, in line with a report by Nasscom. Additionally learn:Indian IT braces for sluggish Q3 … Read more
Mega world IT offers noticed robust restoration in 2023. There have been extra offers with annual contract worth (ACV) of $100 million in 2023 than there have been since 2014. Offers value $6 billion have been awarded in 2023 towards $3.50 billion the earlier 12 months, however lower than the excessive of $6.75 billion in … Read more
The IT business is anticipated to document subdued progress in Q3 as a result of persisting macroeconomic challenges, leading to sustained low spending patterns, together with seasonal weak spot. Regardless of this, there’s an optimistic viewpoint that this quarter would possibly mark the nadir of those situations. The upcoming earnings season being kicked off by … Read more
In 2023, the Indian IT trade has shifted from its earlier high-speed progress marked by double-digit figures. It’s presently coping with challenges from the broader financial system and the opportunity of slower progress in Western economies, leading to a noticeable decline in income enlargement. Within the face of those obstacles, the $245-billion trade is presently … Read more
Within the IT/tech sector, 1.55 lakh freshers are more likely to be employed this fiscal in contrast with 2.3 lakh freshers within the earlier fiscal yr, based on a report by TeamLease Digital. With roughly 1.5 million engineering graduates actively in search of IT/tech roles, muted market sentiments and intensified expertise analysis mechanisms have created … Read more