IT News
Big Blue takes to the W@ters
Source:Business LineLeaking pipes, impure water and aging sewerage systems is a reality India deals with. The country loses 60 per cent of its water while it is distributed. Though it is not the only country facing these challenges, it could learn from the experiences of countries that have used technology for water management. Dr Cameron Brooks, Director, Smarter Water Management at IBM, throws light on some of the technologies being made available by the IT major under its Big Green Innovations initiative to conserve the vital resource...
moreTechnology Consulting Master Class
Source:Financial ExpressAvinash Vashistha, Accenture’s new India chairman and managing director, is said to be a man for all tech seasons. The 49 year old, is a master outsourcing consultant, and one of the best in the business in India. Accenture is at an interesting phase in its operations in India and it needed someone like Avinash to take up its corner office. Not known to shy away from any big opportunity, Avinash has stepped in. “It’s an honour,” he says, quite candidly...
moreHCL Tech fires up IT stocks with 17% jump in Q3 net profit
Source:Economic TimesNEW DELHI/MUMBAI: Higher income from managing desktops and servers and providing applications for clients helped HCL Technologies beat estimates for the third quarter and drive its share price higher. India's fifth-largest software services exporter on Wednesday laid to rest concerns over its profitability with a 17% sequential rise in net profit in the March 2011 quarter while operating margins expanded 100 basis points to 17.3%. Its share price, which has outperformed the BSE IT index in the past three months, surged to an 11-year-high of 525.95 before ending 10% up at 522.85...
moreAccenture in talks for 60% in Subex
Source:Financial ExpressNew Delhi: Bangalore-based operations and business support systems provider Subex is mulling sale of 60% stake to a strategic investor. Global management consulting and technology services firm Accenture is learnt to be the frontrunner for buying the stake in a deal that could be in the range of R500-600 crore. Though both the firms denied any such development, people privy to the matter told FE that Subex is in fact in talks with various players in the industry including the Indian arm of Accenture for the stake sale...
moreInfotech Enterprises plans to strengthen engineering focus
Source:MintMid-size information technology (IT) firm Infotech Enterprises Ltd is moving away from the IT services business to strengthen its focus on specialized engineering projects. Infotech Enterprises, which reported a revenue of Rs.1,188 crore for fiscal 2010-11, started in 1991 as a firm focused on the geographic information systems (GIS) business, with engineering services as a second area of focus. In a recent interview, B.V.R. Mohan Reddy, Infotech Enterprises’ chairman and managing director (CMD), said the company was transforming itself into an engineering company...
moreIndian IT firms outpace global rivals in growth
Source:Mintndia’s top 10 software services companies, including the biggest Tata Consultancy Services Ltd (TCS) and second biggest Infosys Technologies Ltd, grew nearly 20% last year, outpacing the 5.8% revenue growth of the world’s top 10 companies, according to market researcher Gartner Inc. Still, the global market share of the nation’s top 10 software companies, which account for about half the local information technology (IT)?industry’s revenue, stood at just 3.6%, highlighting the potential for continued growth, Gartner said...
moreWipro looks to gain ground in BFSI segment
Source:Business StandardWipro is trying to strengthen its presence in the banking, financial services and insurance (BFSI) segment by increasing its revenue share on par with other leading Indian information technology (IT) service companies. Wipro, based in this city, has devised a broad strategy to increase the revenue share from the BFSI division from the present 27 per cent to about 40 per cent in the next few quarters. It has also set a goal to create its first mega customer in BFSI, with a revenue of $500 million per annum, in the next three years...
moreHistory revisited: The initial years at Infosys
Source:Business StandardOutgoing Infosys co-founder and chairman N R Narayana Murthy on Wednesday said the sacrifices made by his colleagues in the initial days of the company was unparalleled. The founder members started Infosys with a borrowed capital of only Rs 10,000 but was quick to realise that the money would not last them for even a month. It was then that the dedicated team of professionals decided to lead an austere life to lay a healthy foundation. Realising that the Rs 10,000 would not be sufficient, we worked out a transaction deal with one of our prospective customers...
moreZinnov survey lists Wipro as top global R&D service provider
Source:Business LineWipro is the top global R&D service provider, according to Zinnov Management Consulting's Global R&D Service Providers Rating 2011. As per the survey, which covered geographies such as India, China, Russia and Eastern Europe, HCL took the second slot, followed by Patni, Infosys, Mahindra Satyam and MindTree. Addressing press persons, Mr Pari Natarajan, Co-Founder and CEO, Zinnov, said, “Our study indicates that service providers are more open to trying out newer business models...
moreTCS CEO N Chandrasekaran creates new layer to oversee verticals
Source:Economic TimesIn the first significant organisational change since taking charge as CEO of Tata Consultancy Services , N Chandrasekaran has created a small group of leaders to oversee the company's various verticals. These leaders will report directly to him and will take charge of businesses with sizes ranging from few hundred millions of dollars to over a billion. The new layer is aimed at freeing up the CEO's time for strategy issues and customer calls, people with knowledge of the development said. Verticals will also get an opportunity to work closely with each other, they added...
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