Page 171 - Data Science News Today

Wipro named Hari Shetty as Chief Strategist. The Bengaluru-headquartered firm makes first CXO appointment under new CEO Srinivas Pallia.

Bengaluru-based startup Go Desi secured Rs 41 crore in equity investment from Aavishkaar Capital for business expansion. The Series B round involved DSG Consumer, Rukam Capital, and Roots Ventures, aiming to increase monthly revenue to Rs 9 crore.

Coforges net profit declined in Q4 FY24 but annual profit rose significantly. Revenue increased, and margins improved. The company plans to acquire Cigniti Technologies to enhance revenue and operating margins, aiming for $2 billion by 2027.

With an uptick in layoffs in the tech sector, online tech learning platform Udacity, is offering 30-days free access to their entire catalog to people in the U.S. who experienced a layoff in the past year.

Spotlight News: In today's digital age, data is the new currency, and those who can harness its power are leading the charge in transforming industries.

Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. "While the core e-commerce business is no longer the biggest growth driver, it remains an essential component of the Amazon flywheel, particularly in propelling its ad business," Droesch said.

Bengalurus Kogo AI introduces Kogo OS, a versatile AI platform. CEO Raj K Gopalakrishnan foresees business expansion. Global interest in LAMs evident with Rabbits R1, Microsoft, and Google investments in AI agents.

Birlasoft faces whistle-blower complaints alleging financial impropriety, with ongoing investigations. CEO Guha aims to diversify revenue sources, track clients performance, and mitigate risks due to market uncertainties.

Top IT services firms experience revenue growth in Europe, MEA, and APAC, outpacing North America. US clients are cautious about spending due to inflation. India and MEA witness investments in technology, driving demand for innovative solutions.

Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.