Infosys skips FY-21 guidance citing Covid-19
“Considering the business uncertainty emanating from Covid-19, the company is unable to provide guidance on revenues and margins for FY21 at this stage. The company will provide guidance after visibility improves,” the Bengaluru-based software services exporter said in a statement.
HCL Tech signs seven-year exclusive partnership with Temenos
The exclusive strategic agreement will be for non-financial services enterprises...
Infosys CEO Salil Parekh draws Rs 34.27 crore pay package in FY20
Interestingly, TCS CEO and MD Rajesh Gopinathan had seen his pay package sh...
Wipro's Abidali Neemuchwala’s pay rises 12% in FY20, Premjis forgo variable
Founder Azim Premji and Chairman Rishad Premji have foregone profit-linked commissions for the year, according to the filing.
IBM, the silent job cutter, stokes worker anxiety, speculation
Speculation about thousands of job cuts last month has heightened anxiety among employees.
AGC Networks to acquire Fujisoft to enhance presence in MEA region
The proposed acquisition will also enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security, managed services, data centre and collaboration solutions, a statement said.
Infosys to eliminate roles to flatten organisation
Company will trim its workforce in the ranks of delivery managers, AVPs, VPs and SVPs.
Covid-19: Revenue of Indian IT services companies could be hit, says report
The report said it has cut growth estimates across companies and the revised growth forecast stands at 3-8 per cent for 2020-21.
With clients rethinking projects, Infosys flags risks
The IT services provider highlighted that the pandemic could pose a major risk going forward as key clients across the United States, Europe and other prominent markets cut costs due to the prolonged economic impact of the outbreak.
Cognizant to retain digital talent in slowdown, anticipating recovery
The Teaneck, New Jersey-based IT services provider earns around 38% of its $16.8 bn revenue from digital businesses.
Infosys says Covid-19 related risks could hit profitability, CEO compensation jumps 27%
Infosys has withdrawn its growth guidance for the first time citing uncertainties in clients’ business.
Govt waives off four months rent for IT units operating out of software tech parks
Union minister of electronics and IT, Ravi Shankar Prasad said, "IT units/ startups operating from 60 STPI Centers across India have been granted waiver from paying rental for period between 01.03.2020 and 30.06.2020. This will benefit nearly 200 small & medium IT/ITeS units supporting 3000 direct jobs."
Coronavirus: IT sector looks at staggered opening
Prodded the lockdown, India’s large IT firms have ensured as many as 85% of their employees are working from home, even while continuing to support global clients.
Covid impact: Proposed furloughs at fund-hit USCIS may bite India tech companies
More than half of the agency’s 18,700 employees may be furloughed beginning July, the USCIS is believed to have informally told staff, according to a letter sent by Everett Kelley, the national president of the American Federation of Government Employees, to the US Senate and Congress.
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
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