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Infosys Digital Business revenue to cross 50% of total Infosys revenue: Salil Parekh

Infosys Digital Business revenue to cross 50% of total Infosys revenue: Salil Parekh

Infosys CEO Salil Parekh said that revenue from digital side will soon cross 50% of total Infosys revenue. Even at present, Infosys digital business revenue is around 40% of total Infosys revenue. This is a result of a large number of client wins who are investing in digital technologies. Thanks to the high demand for newer and latest digital technologies, the revenue and investment has already seen contraction in core business using legacy applications. That contraction can be offset against…

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Indian IT to shift focus on digital technologies as core services fails to attract

Indian IT to shift focus on digital technologies as core services fails to attract

IT sector is taking a shift towards latest digital technologies The good old legacy applications fails to attract new clients IT clients world wide are shifting their investment towards a more robust and growth oriented digital technologies. Existing technologies and legacy applications which used to be the front runner to run their businesses are failing to attract new clients in todays time. Time has changes and hence the way of working in IT. Newer technologies offer an efficient way of…

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Telenet picks Infosys to drive its Digital Transformation journey

Telenet picks Infosys to drive its Digital Transformation journey

Infosys wins a five year contract from Telenet for its digital and data transformation program The two giants have already shared a 19 year old relationship in various IT services Telenet picks Infosys as its strategic and preferred partner to provide various IT services around digital transformation and data initiatives. The deal has been awarded to Infosys for a period of next five years. Infosys is a global leader in providing consulting, technology and next-generation services to a large number…

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Infosys launches Cyber Next platform powered by Microsoft Azure Sentinel

Infosys launches Cyber Next platform powered by Microsoft Azure Sentinel

Infosys, a global leader and country’s second largest software exporter announced that it has launched Cyber Next platform which will offer enhanced security monitoring, management, threat detection and response services to enterprises. Cyber Next platform is powered by Microsoft Azure Sentinel. Azure is the cloud computing solution provided by Microsoft and is one of the major cloud service provider in the market. What is Microsoft Azure Sentinel Microsoft Azure Sentinel is a cloud based Security Information Event Management (SIEM) and…

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New product launches and updates from IBM, TCS and Infosys

New product launches and updates from IBM, TCS and Infosys

IBM launched its product ‘Cloud park for Security’ TCS is setting up its ‘Microsoft Business Unit’ Infosys awarded IT Ratna for Karnataka IBM launches Cloud Park to act as a quick response for cyber security threats IBM on Wednesday launched a new service ‘Cloud Park for security’ which will act as a deterrent to any king of cyber threats. This service will have the ability to connect with any other security tool, cloud or on-premise system without actually transferring data…

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Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic uncertainity coupled by a pressure to reduce costs is impacting IT sector Clients are skeptic about giving big projects to the IT vendors amid slowdown concerns Global economic slowdown and uncertainty about the growth prospects in coming quarters has resulted in declining business for IT companies. Most of the major IT companies are of the view that because of these concerns, clients are not willing to award big deals and hence the decision on such projects and deals are…

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IT sector to reduce their head count, slated to remove 30k-40k mid-level staff: T V Mohandas Pai

IT sector to reduce their head count, slated to remove 30k-40k mid-level staff: T V Mohandas Pai

The move is being looked at as a part of improving productivity with less no of people. Focused on automation and up-skilling, IT is banking on resources with multiple skills Indian IT sector is currently facing a rough patch owing to slow growth and a reduction in demand. Faced with this challenge, industry is looking to reduce the head count at their mid level staff. Generally speaking, in IT, mid-level staff is the one who has around 8-12 years of…

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