Hackers attempted to break into different websites of Andhra Pradesh Government departments on Monday even as a security audit was being conducted at the State Data Centre maintained by Wipro.
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
Despite wage hikes, an appreciating rupee, and fewer working days nibbling at their profit margins during the quarter ended December 31, 2007, the five IT majors Tata Consultancy Services (TCS), Infosys Technologies, Wipro, Satyam Computer Services and HCL Technologies posted revenue and net profit figures that were in line with market expectations.
The catchwords today are digital, analytics, robotics.
Infosys Technologies' fourth-quarter results have been poorly received. The bellwether stock has taken a severe beating, bringing the markets down with it.
With prominent Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys Technologies, Zensar Technologies and Satyam Computer Services increasing their presence in Japan, the world's second largest IT services market is becoming a lucrative market for India.
Auto major plans to cut technology outsourcing from 90 to 10 per #162 TCS, Wipro, others could be at receiving end
Indian IT (information technology) firms are not unduly worried about the rupee rising against the dollar, at least for now.
Information technology firms appear to have lost their appeal at the Indian Institutes of Technology. Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
Happiest Minds expects revenue to touch $100 mn in 3 years, the fastest in India's tech services sector.
And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
"Critical data which has to be resided in India is an important component that needs to be clarified, as this will be arguably uncovered on an ad hoc basis as we move forward."
However, the Indian market is not in good shape, he said.
In fact, firms like NIIT Technologies and EXL Services are already reaping the benefit of the first- mover advantage with over 20 per cent of their revenues coming from non-linear business in the quarter ended September 30. A non-linear business' focus moves away from the tendency to measure growth on the basis of headcount or the concept that the more the number of people working, the more the revenue.
'Azim Premji has given away about one-and-a-half lakh crore rupees of his wealth.' 'Most of us will not even know what that sum actually means.' 'To put it into context, it can fund India's health budget and education budget,' points out Aakar Patel.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Wipro Chairman Azim Premji is amongst Fortune magazine's list of 25 most powerful business leaders outside the United States.
The Oriental Bank of Commerce has tied up with Infosys and Wipro for centralised banking solutions to provide customers with "anywhere anytime" services.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
An investment worth Rs 1,000 in Reliance Industries' initial public offer about 35 years earlier is now worth Rs 778,000, said its chief, Mukesh Ambani, on Thursday.
Infosys Technologies and Reliance Industries have emerged as 'India's most respected companies' in a survey conducted by IMRB International, based on a nationwide peer-perception survey.
The rupee, which rose by over 12 per cent against the dollar this year, has slowed down the hiring plans of companies like Infosys, Satyam and HCL Technologies and also put pressure on their margins. Country's top software exporters -- TCS, Infosys, Wipro, Satyam and HCL Technologies have added 25,801 employees in the second quarter of 2007-08, against 27,000 in the second quarter of last fiscal.
Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment.
The India information technology industry, including exports and domestic market and semiconductor industry, is gaining traction despite challenges, said Azim H Premji, chairman, Wipro, at the third Freescale Technology Forum in Bangalore on Monday.
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
The 12-member team includes seven senior executives of MindTree, including Soota himself, three from Wipro and one from Infosys.
Infosys has drawn up a vision to position itself as a next generation services company.
Blame it on improved business climate, restructuring within companies or just the basic need to pursue better opportunities -- the Indian information technology industry is seeing heavy churn at the top.
The information technology sector in West Bengal is likely to see addition of 20,000 jobs in 2008. The state currently has about 300 small to big sized companies and employs 55,000.
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
The Durbin-Grassley Bill might have fallen through but large Indian information technology service providers are taking no more chance of being seen as job snatchers in the US.
At times of slow growth, India has seen number of graduates doubling since 2008 to almost 25 million in 2016
There is a surge in number exploring a change at middle and senior levels; recruitment agencies cite restiveness on pay, work patterns.
The six IT majors -- TCS, Infosys, Wipro, Satyam, HCL Technologies and Congizant -- along with two BPO giants Genpact and WNS are recording a yearly growth rate of over 40 per cent, according to technology consultancy firm Everest Group. Apart from these big names, all the other smaller players are struggling at a growth rate of around 20 per cent a year, Everest Group CEO Peter Bendor-Samuel told PTI.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
IT firms are training employees of their clients and even aspiring IT professionals, in order to create fresh revenue streams amid shrinking deal sizes in traditional software maintenance, says Ayan Pramanik.
India's booming IT and ITeS sector is estimated to have hired 3,80,000 people during the current financial year as demand for technology talent gained further momentum, officials said.
