Page 21 - It Sector News Today

During a town hall, the company’s HR head Shaji Mathew said the focus of the compensation review cycle at Infosys would be tenured as well as high performing employees

IT professionals are increasingly turning to contract roles as permanent hiring slows, according to new research from the Association of Professional St...

The deal covers ground plus 12 floors and the lease period starts from April 2024 and is for 108 months, the documents revealed.

Sudhir Chaturvedi, President- Markets, LTIMindtree said that the company’s large deals are $20 million-plus in the total contract value. Since 75% percent of these deals are in the cost-reduction space, the good thing is that they tend to be 3-7 year deals and will allow better planning of resources and costs, he said.

The company expects furloughs to be more pronounced in Q3 and it is guiding to a very weak quarter, with revenue decline between 1.5 percent and 3.5 percent

The spy chiefs said that China used various methods to steal critical technology from the West, such as hacking and other means.

The company posted a consolidated net profit of Rs 2,667.3 crore in the second quarter compared with Rs 2,649 crore in the corresponding period of the previous year. Analysts had forecast a net profit of around Rs 2,900 crore

Aditya Gaggar believes that the IT sector may start seeing some signs of recovery from Q4FY24 or Q1FY25 onwards.

Over 50 Turkish companies are showcasing their products and services at the world's largest technology and startup event held in the United Arab...

TCS and HCL have lower receivables than Infosys