TCS opens new DC in Paris as Macron tries to entice more investment

TCS opens new DC in Paris as Macron tries to entice more investment

2018-06-18T16:48:39+00:00 On

Tata Consultancy Services said it opened its third delivery center in France, with a capacity to seat up to 230 employees. The new DC is being opened at┬áSuresnes near Paris. The company, which opened its first delivery center in 2012 and a…

Infosys CEO Salil Parekh dismisses growth concerns

Infosys CEO Salil Parekh dismisses growth concerns

2018-06-06T15:01:09+00:00 On

Infosys CEO Salil Parekh reassured investors that the IT services behemoth was not facing a growth crisis because of the replacement of traditional sourcing models with digital services. He said new age services — such as analytics, marketing, digital product design, digital…

SAP to include HCL’s aviation industry solution in asset management platform

SAP to include HCL’s aviation industry solution in asset management platform

2018-01-30T20:44:47+00:00 On

HCL Technologies (HCL) said Germany-based enterprise software giant SAP has agreed to include, and resell, an ‘add on’ that it developed for aviation-related clients as part of a broader solution. The add-on will help clients streamline their ‘maintenance, repair and overhaul’ operations…

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

2018-01-29T16:16:01+00:00 On

IT services company Tech Mahindra reported a 13% sequential jump in its net profit despite modest growth, after it was able to keep costs almost static. Revenue in rupee terms rose 2.2% on quarter. Translated to dollars, it was up 2.5%. Year…

Wipro ties up with Harte Hanks to power ‘marketing-as-a-service’ offering

Wipro ties up with Harte Hanks to power ‘marketing-as-a-service’ offering

2018-01-24T17:33:46+00:00 On

IT services provider Wipro said it will invest $9.9 million (Rs 63 cr) in marketing consultant Harte Hanks and will jointly offer end-to-end marketing technology services to customers. Harte Hanks specializes in omni-channel marketing solutions including consulting, strategic assessment, data, analytics, digital,…

TCS to help UK’s Marks & Spencer become ‘digital first’

TCS to help UK’s Marks & Spencer become ‘digital first’

2018-01-15T12:22:20+00:00 On

Tata Consultancy Services said it has entered into a five-year deal with long-time customer and retail chain Marks and Spencer to transform its customer experience and make it a ‘digital first’ business. “TCS will be Marks & Spencer’s principal technology partner and…

Infosys to bring down on-site employee numbers going forward

Infosys to bring down on-site employee numbers going forward

2018-01-12T17:17:58+00:00 On

IT services provider Infosys Ltd said it has largely exhausted the possibility of improving its profit margins by increasing employee utilization levels and will focus on bringing down on-site employee numbers to boost margins. The company reported an employee utilization level of…

Infosys reports in-line quarter, revenue up 5.8% YoY in constant currency

Infosys reports in-line quarter, revenue up 5.8% YoY in constant currency

2018-01-12T16:24:41+00:00 On

Infosys reported a quarter that was largely in line with expectations and said it retains its full-year revenue growth guidance at 5.5-6.5%, excluding the impact of currency movements. With nine months gone, the company has grown at 5.6% in constant currency terms…

TCS reports 1.2% sales growth QoQ, PAT up 1.3%

TCS reports 1.2% sales growth QoQ, PAT up 1.3%

2018-01-11T17:51:51+00:00 On

Tata Consultancy Services reported a 1.3% improvement in revenue in constant currency terms, which is less than the 1.7% improvement reported in the previous quarter, but largely in line with expectations for a tame quarter. Revenue grew 6.2% on year in constant…

Bangalore, ‘cultural fit’ swung it for Salil Parekh – Search Committee Head

Bangalore, ‘cultural fit’ swung it for Salil Parekh – Search Committee Head

2017-12-04T07:50:33+00:00 On

Two crucial factors that swung the decision in favor of hiring Capgemini veteran Salil Parekh as the new CEO of Infosys were his familiarity with working in the IT sector in Bangalore and his overall ‘cultural fit’ with the Indian IT industry,…

Boosted by Jio’s success, Mukesh Ambani unveils his future plans

Boosted by Jio’s success, Mukesh Ambani unveils his future plans

2017-12-01T15:22:26+00:00 On

Mukesh Ambani, India’s richest man, said telecom was the first of his big bet, and he will now use his resources to solve problems in three other difficult areas — agriculture, education and healthcare. Speaking at the HT Leadership Summit, Ambani said…

TCS sets up new delivery center in Hyderabad for US-based Zebra Technologies

TCS sets up new delivery center in Hyderabad for US-based Zebra Technologies

2017-11-17T15:00:11+00:00 On

Tata Consultancy Services, India’s biggest foreign exchange generator, said it has set up a Global Development Center in Hyderabad to cater to Zebra Technologies, a billion-dollar US corporation that specializes in tracking technologies such as bar codes and RFID. The new center…

Oracle Financial Services has yet another stellar quarter, sales up 12%

Oracle Financial Services has yet another stellar quarter, sales up 12%

2017-11-10T11:14:12+00:00 On

Banking software maker Oracle Financial Services Software, formerly known as iflex, reported strong year-on-year numbers characterized by robust revenue growth and strict control over costs, however revenue slipped on a sequential basis. Consolidated revenue for the quarter was Rs. 1190 Crore, up…

TCS inaugurates mega campus in Thane, to eventually relocate most Mumbai employees

TCS inaugurates mega campus in Thane, to eventually relocate most Mumbai employees

2017-11-08T17:33:03+00:00 On

Tata Consultancy Services said it inaugurated the first phase of Thane delivery center that will have the capacity to seat 30,000 employees when fully developed, which will make it the largest in Mumbai. The company, which has a huge operation in Vikhroli…

HCL, Red Hat to jointly offer cloud infrastructure leasing service

HCL, Red Hat to jointly offer cloud infrastructure leasing service

2017-10-30T13:11:17+00:00 On

HCL Technologies, one of the top five Indian IT services companies, said it has tied up with Red Hat — the biggest open source software company — to offer Linux-based virtual infrastructure for companies. Under the product, clients will be able to…