Page 3 - Rt Services News Today

Wipro Ltd. acquired a majority stake in Aggne Global Inc., a provider of IT services for the insurance industry. Aggne has a focus on the Duck Creek platform.

Cognizant Technology Solutions Corp. reported fourth-quarter revenue was down 2.4% in constant currency, with revenue declining across geographies.

The government also increased its budgetary allocation in cyber security projects by almost 90 percent to Rs 759 crore for 2024-25.

The Information Commissioner's Office (ICO) has received a data breach report from three Kent councils, which continue to grapple with the aftermath of a cyberattack.

India-based IT services giant Tech Mahindra Ltd. reported yesterday that revenue as measured in US dollars fell 5.4% year over year in constant currency to USD 1.57 billion in its fiscal third quarter ended 31 December 2023. The decrease on a reported basis was 5.7%. Still, the company reported USD 381 million in new deal wins.

The attrition rate dropped from 11 percent in Q2 to 10 percent in Q3, continuing the trend of declining attrition rates since the start of fiscal year 2023.

A notable driver behind this surge is the burgeoning demand for IT services, expected to escalate by 13.4 per cent in 2024 compared to a 10.1 per cent growth observed in the preceding year, , Information Technology (IT), it services, it spending, gartner

For the first time IT services is expected to become the largest segment of global IT spending

The purchase is designed to enhance Infosys' engineering capabilities and is set to be finalised this quarter.

The company has been laying off people from several teams and reorganising staff at multiple departments, starting with the axing of 12,000 staffers at the beginning of last year.