Analysts cautious on growth from DXC for Mphasis
DXC has been streamlining its business by expanding its offshore presence, making analysts cautious about its dependency on Mphasis, with some pulling back expectations from the channel and others revising their estimates. Business from DXC accounts for up to 28% of revenue. Mphasis has been able to grow revenues from its ‘direct core’ segment.
IT services companies hit as clients delay big deals
Slower global economic growth caused by the US-China trade war and a delayed Brexit have...
Mphasis eyes more business from new clients
DXC Technology, a company spun off from Mphasis' erstwhile parent HP, contributed 24.1% of the mi...
DXC tech may hire 10,000 hands with digital tech skills in India
DXC Tech joins other global firms to increase its offshore base in India. Meanwhile, a host of US and European product firms are moving their tech development work to India.
DXC Technology to acquire Luxoft for $2 billion
DXC is expected to benefit from Luxoft’s engineering services strength across major European and other markets, said analysts.
US Court says no to CSC’s request for curbs on TCS
The US-based company failed to demonstrate that there was a ‘substantial likelihood’ it would succeed on the merits of its claims, said a US States District Judge.
Rival accuses Tata Consultancy Services of misappropriating its code, files suit
TCS lost a similar case to Epic Systems, setting it back by $420 million in penalties, which it's appealing in court.
Luxoft Buy: DXC may cut work to Mphasis
On Monday, the company said it would buy Luxoft Holding for about $2 billion to strengthen its digital capabilities.
PSB consolidation may shrink IT firms' business
The country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existing IT service providers, this not only shrinks the market in terms of the number of prospective clients, but also poses challenges with respect to scale as banks become larger. A reduction in the number of prospective customers will affect revenues.
HCL Tech discontinues JV arrangement with DXC, inks IP deal
The deal further stated that under the new partnership, HCL will be responsible for product development and modernisation, maintenance and professional services of core banking products.
Newly-formed DXC to reskill its staff, operations
The merger of CSC with the HPE's enterprise service business has created a new organisation called DXC Technology.
TCS, Wipro in fray to manage Irdai's Business Analytics Project
Irdai said TCS, Larsen and Toubro InfoTech, Wipro and EIT Service India Private Ltd (a DXC Technology company) have been shortlisted for the next round of bidding. L&T InfoTech has been providing BAP services on a BOT (Build, Operate and Transfer) model to Irdai since 2011. The contract is expiring this month.
Indian IT clients demand strict contracts, audits
Clients want to know if vendors are making adequate investments to keep their data safe.
CSC case just to sour Transamerica deal: Tata Consultancy Services to U.S. court
TCS’ latest move comes after CSC accused India’s largest IT services company of using the source code of its software to build an insurance platform for Transamerica.
DXC to bridge digital talent gap internally, reduce external hiring
With growing use of digital technology, cos are seeing outcome-based deals, requiring more talent versed in emerging technologies.
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