Tag Archive | IT
IT’s a change of hierarchy
August 2, 2012 By V. Ganesh Cognizant has finally knocked Infosys out of the saddle to occupy the #2 spot in the Indian IT industry. What remains to be seen is whether Cognizant can hold the reigns for very long. The $100-billion Indian IT sector is witnessing a shift in the pecking order and continues […]
MindTree profits double on forex gains, vertical focus
July 16, 2012 By V. Ganesh Bangalore-based IT exporter, MindTree, enjoyed superb quarterly results as it more than doubled its net profits to Rs 89 crore in the first quarter of this fiscal on a sequential basis. Revenues increased 36.2% to Rs 563 crore during the same period last year. The company gained Rs 8.6 […]
Infosys posts 32% growth in Q1, slashes revenue guidance
Sequentially, net profit falls 1.2% on Euro/US crisis July 12, 2012 By V. Ganesh Infosys stocks dwindled by 8% Thursday after the company said it was cutting its revenue guidance by half for the year. Infy reduced its revenue guidance 5% to $7.34 billion down from its April estimate of 8-10% growth. Announcing its first […]
Europe good for Infy?
Interview with V. Balakrishnan, CFO and Board Member of Infosys July 12, 2012 By V. Ganesh Infosys continues to endure tough times. In fiscal 2012, the company lowered its guidance three times and in the first quarter of FY13, the company has again revised its guidance for the year ahead to 5% from the8-10% […]
No first quarter fireworks for Indian IT
July 9, 2012 V. Ganesh India’s IT stars often enjoy a boom during the first quarter, but not this year, as firms continue to endure the slowdown while outsourcers dawdle on decisions regarding tech spends. Infosys, along with TCS, will be the first to report the numbers for the first quarter. Revenue guidance Analysts expect […]
Mediation ordered for Infosys whistleblower case
July 6, 2012 By V. Ganesh According to a report in the US media, District Court Judge Myron H. Thompson has ordered a mediation conference between Infosys and their US employee, Mr. Jack Palmer. The mediation conference is intended to give both parties the opportunity to settle out of court. An Infosys spokesperson claimed this […]
Desktop virtualisation to reduce technology overheads
June 29, 2012 By V. Ganesh Interview with Will Poole, Co-Chairman of NComputing Inc Mr. Poole outlines the India strategy and better, cost effective methods of reducing technology overheads. At a time when there is so much pressure to cut costs, do you think the concept of virtual desktop infrastructure […]
Election year blame game
July 10, 2012 By V. Ganesh India loves Bush. Sad but true. Aside from his insanely draconian, socially backwards, anti-Muslim and pro-violence ideals, they also love W because he enabled US corporations to fire thousands of his constituents in order to circumvent US tax regulations and buy their donkeys on the cheap. (By the way, […]
The Tinderbox Daily 