There’s also a technological reason for the migration of market scuttlebutt from WhatsApp to Telegram — investigative agencies had cloned mobile phones of accused persons and backed up the latter’s WhatsApp messages, which were used as evidence. Telegram has attracted over 100 million downloads globally on the Android Play Store.
The firm had planned to increase hiring in its sales vertical to build a 500-strong team that will target niche deals in digital services.
Slower global economic growth caused by the US-China trade war and a delayed Brexit have taken a toll on IT companies, as clients have cut or delayed spending. Earlier this month, DXC Technology, with about $20.75 billion in revenue, slashed its revenue target by $275 million to $19.5-$19.8 billion, as clients postponed signing new deals.
DXC Technology, a company spun off from Mphasis' erstwhile parent HP, contributed 24.1% of the mid-tier IT services provider’s revenue in the September quarter.
Cognizant, in a statement, said: “Cognizant recently terminated this employee of approximately five months tenure with the company for performance reasons and based on client feedback. Our decision is consistent with the terms of our contracts with all of our employees.” Recently, Cognizant had announced that it would cut thousands of jobs.
US firms with H-1B staff file more patents, generating significant economic value, according to a working paper by researchers for the National Bureau of Economic Research (NBER). A US based think tank said US tech startups that employ immigrant workers on H-1B visas have a higher chance of raising funds from venture capital firms.
Mapping and moving clinical data have always been challenging. Nudged by the Hi-Tech Act in 2010 that forced US medical records to get digitised, this is now a global trend across Europe and pockets of Asia, throwing open new business opportunities for tech providers. “90% of data in the US is now sitting in software systems.” says Jaddish Moorjani.
Currently, there are more than 20 startups in India valued at over $1 billion .
With digital becoming part of most deals, CEO says firm may switch to traditional segmentation of services.
Onsite hiring model could give Indian IT companies a competitive edge while cutting subcontracting costs.
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