information technology

In a statement, Nasscom said that the Budget could undoubtedly be termed as a blueprint for India @100. "It touched upon all the critical aspects required to position India as a leader in terms of digital offerings, along with a focus on talent and sustainability. It is bold and strategic, with a clear focus on growth and development," said the IT industry body.

According to the report, the saviours are cost takeout deals, and margin tailwind from rupee depreciation not kicking in and the margin improvement providing some solace. Even as revenue growth decelerates, Kotak Securities expects double digit earnings per share (EPS) growth in FY2024.

During the fiscal 2020-21, the total exports stood at Rs 8,501 crore. The first in the country when it opened up here in the late 1990s, Technopark is presently home to 70,000 employees, working in 470 companies with a total IT built up area of 10.6 million square feet.

"Government organisations are continuing to modernise legacy IT and invest in initiatives that improve access to digital services as constituents increasingly demand experiences that are equivalent to online customer interactions in the private sector," said Daniel Snyder, Director Analyst at Gartner.

In the meeting, attended by Alkesh Kumar Sharma, Secretary MeitY, along with startups and small and medium enterprises (SMEs), provided their initial feedback and suggestions on the bill to the IT Minister last week. Vaishnaw said that as the PDP Bill gets finalised, on cross-border data flows, the government will ensure that the approach focusses on strengthening data protection without disrupting data flows.

Based in Dallas, Texas, AustinCSI provides consulting services for Fortune 500 clients across industries. The privately-held company has more than 175 consultants who design and deliver cloud and automation solutions. "AustinCSI has built a stellar reputation by improving business outcomes for some of the world's most recognisable brands, particularly in the telecommunications, media, technology and automotive sectors, markets where Cognizant is also strong," said Michael Valocchi, SVP, Head of Cognizant Consulting and Americas Strategy.

The acquisition will help Amagi to enhance its data solutions capabilities with comprehensive, more streamlined reporting and dashboards. "Together, we can enable content brands to shape their programming, optimise their distribution and generate better ROI (return on investment)," said Baskar Subramanian, CEO and Co-founder, Amagi.

The IT & Business Services market is projected to grow at a CAGR of 8.3 per cent between 2021-2026 and reach $20.5 billion by the end of 2026. Of the IT and business services market, the IT Services market contributed 78.5 per cent and grew by 8.1 per cent in the first half, compared to the 7.3 per cent growth in 1H 2021.

With the IT sector showing a decline, Bengaluru, Hyderabad and Pune showed a decline in hiring activity, according to the Naukri JobSpeak index. Apart from IT, other sectors that recorded a notable decline in hiring sentiments included telecom and healthcare. Despite the festive season, India saw a stable though flat hiring in other industries in October, led by the insurance sector.

Icertis said that the funds will enable it to further extend the company's leadership position in the Contract Lifecycle Management (CLM) category by accelerating the application of transformational technologies like artificial intelligence, machine learning, and Blockchain to deliver material, unique, and consequential value to customers.