Sai Ishwarbharath

May 21, 2024 | newsbreak.com | Sai Ishwarbharath

BENGALURU (Reuters) - Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects.

Apr 18, 2024 | newsbreak.com | Sai Ishwarbharath

(Reuters) - Wipro, India's fourth-largest software company, posted a bigger-than-expected fourth-quarter revenue on Friday, aided by firmer profit margins and a recovery in its consulting business. The company's consolidated revenue decreased 4.2% to 222.08 billion rupees ($2.66 billion) in the January-March quarter, but beat analysts' expectation of 221.51 billion rupees, as per LSEG data.

Feb 27, 2024 | newsbreak.com | Sai Ishwarbharath

BENGALURU (Reuters) - U.S.-based IT firm Cognizant said it expects India employees to work from the office at least thrice a week, according to a memo seen by Reuters, becoming the latest company to signal the end of the pandemic-induced remote working era. Employers cited reasons such as better collaboration and awareness of company culture for the move, but many workers have lamented on social media about the resultant loss of flexibility and work-life balance.

Feb 26, 2024 | newsbreak.com | Sai Ishwarbharath

MUMBAI (Reuters) - Global companies are setting up more offices in India and expanding in-house teams but that does not mean the end of the road for Indian IT firms, which rely heavily on outsourcing deals, executives said at a Nasscom event last week. Companies opened 118 global capability centers (GCCs) in India over the past two years in a boost to 'insourcing' efforts, taking their total count to over 1,620, February data from the industry body showed.

Feb 12, 2024 | nasdaq.com | Sai Ishwarbharath

BENGALURU, Feb 13 (Reuters) - LTIMindtree LTIM.NS, India's No.6 IT services provider by revenue, has identified two internal candidates for the top job as it is unlikely to extend CEO Debashis Chatterjee's term that is set to end next year, according to two persons familiar with the matter. Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi are the front-runners for the role as the board prefers to have an insider at the helm of the company, one of the persons said.