Australian Software Giant Telstra Dumps Scandal-ridden Satyam, Cancels 32 Million dollar dealMarch 17th, 2009 Telstra cancels 32 m dollar deal with Satyam
MELBOURNE - Australian software major Telstra has dumped scandal-ridden outsourcing partner Satyam from an applications support contract believed to be worth 32 million dollars a year. EDS will pick up the embattled Indian outsourcing firm's IT contracts with Telstra, sources told The Australian.
Computer Sciences receives Air Force pact for technical support, development testing, trainingAugust 12th, 2009 Computer Sciences receives $50M Air Force contractFALLS CHURCH, Va. — Information technology company Computer Sciences Corp.
IT Recession is Going to End Next Year: Infosys CEOApril 18th, 2009 Though the financial sector has started showing some signs of recovery from the global meltdown, the IT industry in the country will take some more time to regain the growth momentum, a top industry official said here saturday. 'The crisis started in the financial sector and recovery also seems to be happening first in that sector,' S.
HCL to provide IT application support to US firmJune 30th, 2009 NEW DELHI - Software service provider HCL Technologies Tuesday said it has won a contract from US-based beverages producer Dr Pepper Snapple Group (DPS) to provide IT application support and infrastructure management services. According to the contract, HCL will deliver application support to DPS and manage and monitor its infrastructure for a period of five years, the company said in a regulatory statement.
Sonia salutes India's IT successSeptember 15th, 2009 MYSORE - Congress President Sonia Gandhi on Tuesday attributed nation's success in the field of Information technology to the Indian talent, ingenuity and hard work. She was speaking after inaugurating the Infosys technology campus in Mysore.
Infosys To Hire 1,000 People in US within a Year or SoMay 22nd, 2009 In a recession hit period, where companies are downsizing to overcome the crisis, Indian software major Infosys plans to hire about 1,000 people in the US within a year and a half. Infosys Chief Executive, Kris Gopalakrishnan while attending Microsoft's CEO summit held in Seattle this week announced that the company is planning to add more than 100 employees as a part of a big US expansion in anticipation to the growth resuming in 2010.
Infosys to award five top Indian scientists Rs.5 mn eachFebruary 16th, 2009 BANGALORE - Infosys Technologies Tuesday said it has instituted a Rs.5-million (Rs.50 lakh) award each for five top Indian scientists in recognition of their outstanding research contributions and achievements. The five awards will be given annually under the aegis of Infosys Science Foundation, a non-profit trust set up with a corpus of Rs.210.5 million (Rs.21.5 crore), the software major said in a statement here.
Tata Consultancy eyes e-governance projectsJune 18th, 2009 BANGALORE - IT bellwether Tata Consultancy Services (TCS) is eyeing e-governance projects to cope with the downturn, according to a senior company official. "Post-elections, we believe conditions are ripe for e-governance projects to take off at the central and state levels," TCS chief financial officer S.
Infosys freezes recruitment, mulls pay cutsFebruary 4th, 2009 NEW DELHI - Employees of Infosys Technologies may have to live with a salary cut and without any significant increment, even as the IT bellwether has virtually frozen fresh recruitments on account of the global meltdown, a top company official has said. 'A part of our salary is determined by variable sales component, which is the percentage of the company's revenue,' said Infosys' director for human resources T.V.
Australian Govt to Provide 100 mbps Broadband to Every Citizen! Wow!April 7th, 2009 On what is to be called an aggressive technical decision, The Australian Govt. has announced that they don't want to completely redesign the internet service of the whole country.
Infosys, Wipro hope Obama will not hurt US competitivenessFebruary 25th, 2009 BANGALORE - Indian IT bellwethers Infosys Technologies and Wipro Wednesday expressed confidence that the US would not take any measure that would hurt its global competitiveness. Reacting cautiously to US President Barack Obama's remarks on outsourcing Tuesday, Infosys said outsourcing had enhanced the competitiveness of US corporations and had created more jobs within the US economy.
Wipro to open development centre in AustraliaSeptember 30th, 2009 BANGALORE - Global software major Wipro Ltd will boost its presence in Australia by opening a 150-seat software development centre at Melbourne this December, the IT bellwether said Wednesday. Announcing the decision on the occasion of Victoria premier John Brumbys visit to the companys corporate headquarters in this tech hub, Wipro chairman Azim Premji said the Victorian operations would strengthen the companys Australia delivery capabilities and boost its presence in the country.
Indian outsourcing company Infosys quarterly profit falls 0.9 pct but outlook improvesOctober 9th, 2009 Infosys profit falls 0.9 pct but outlook improvesMUMBAI, India — Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be over for India's software services industry after being hard hit by the global downturn.
India's Infosys says quarterly profit up 1.6 pct, but warns of steep revenue dropJuly 10th, 2009 India's Infosys says quarterly profit up 1.6 pctMUMBAI, India — Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
Infosys' Murthy pulls back as IT advisor to Sri Lanka presidentFebruary 17th, 2009 BANGALORE - Infosys Technologies chairman and chief mentor N.R. Narayana Murthy has declined to be the IT advisor to the Sri Lankan government, the IT bellwether said Wednesday.
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