DHARMENDER KAPOOR
Indian IT firms explore African markets as way narrows in US, EU
Indian IT services firms have already captured around 6-7% of the market, largely across major technology spenders such as governments, banking and financial services, retail, mining etc offering e-government solutions, integrated infrastructure, platforms, security etc.
Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better margins
Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.
IT companies look to boost margins by increasing utilisation levels
Utilisation rates for IT companies mean the percentage of their employees working on active projects. This metric had significantly dropped for them in the past few quarters.
The great churn: Tech majors bring in new leadership amid course correction
The $245-billion Indian IT industry is seeing an unprecedented churn in senior leadership at a time when it grapples with subdued global demand and macro instability in its main markets
'Maligning our brave hearts': Congress slams BJP for criticising ex-army chief Deepak Kapoor
Tweeting a picture of Gen Kapoor walking alongside Rahul Gandhi in the Yatra in Haryana, BJP IT department head Amit Malviya said, "Ex-Army Chief Gen Deepak Kapoor joined Rahul Gandhi's Bharat Jodo Yatra. Kapoor was indicted in the Adarsh scam along with other senior Army officers."
Ex-Army chief Gen Deepak Kapoor, retired top officers of defence services join Bharat Jodo Yatra
Amid severe cold and fog, the march resumed in the morning from Dodwa in Karnal's Nilokheri region and entered the Kurukshetra district later in the day. Scores of people joined the Yatra as it passed through Karnal in the morning, which is also the home constituency of Chief Minister Manohar Lal Khattar.
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Birlasoft names Wipro veteran Angan Guha as CEO
Guha will be replacing Dharmender Kapoor who has stepped down from his role. Incidentally, Kapoor got a three year extension at the helm in June.
Birlasoft partners with Coursera to upskill employees
As part of the collaboration, all Birlasoft employees will have access to Coursera’s library of more than 9,000 courses and 'guided projects'.
Moonlighting worries put IT companies in a spot
Full -time employees on the payrolls of the companies are also taking up side assignments to earn extra income and this has compounded the problems for IT companies as they face productivity and revenue challenges.
Even as subcontracting rates surge, IT cos are putting talent ahead of costs
According to estimates, subcontracting costs during the fiscal second quarter were up 7-10% from the previous quarter across the IT industry.
Birlasoft working on new sales strategy to build on growth momentum
Earlier this year, Birlasoft implemented a new channel sales strategy, which CEO Dharmender Kapoor said was working well, and resulting in new deals.
Birlasoft Q2 results: Net profit surges 49% to Rs 103 crore
Revenue from operations grew 18 per cent to Rs 1,011.7 crore in the period under review from Rs 857.5 crore a year ago.
Birlasoft restructures service offerings
The business and technology transformation business will focus on end-to-end digital solutions and consulting.
Mindtree, Mphasis among mid-sized IT firms expanding mining of top accounts
Mindtree and Mphasis have seen an increase in revenue from their top clients, especially since the beginning of the pandemic when global companies chose existing service providers over signing up new ones for their digital transformations.
Birlasoft Q1 results: Net profit up 101.7% to Rs 113 crore
The company reported new deal signings worth $153 million during the quarter with an active client count of 291. The top 20 customers grew by 14.6 per cent year on year.
PhonePe-Indus OS deal goes awry
In today's ETtech Morning Dispatch: PhonePe-Indus OS deal deal goes awary, India's startups rode the pandemic waves to funding; and All you need to know about the upcoming Delhivery IPO.
Birlasoft to mine top clients for double-digit growth in FY22
Revenue for the top 5, 10 and 20 clients grew by 30% on average in FY21
Birlasoft Q4 results: Net profit rises 43% to Rs 99 cr
Revenue from operations, however, declined marginally to Rs 902.8 crore in the quarter under review from Rs 907 crore in the January-March 2020 period.
Kacholia cut stake in this multibagger in Q4; Dhawan, Agrawal stayed put
While Ashish Kacholia took some profit off the table a few other seasoned investors such as Ashish Dhawan and Mukul Agrawal stayed put on the counter during the March quarter.
Half of Indian fund managers' conviction ideas fail to match Sensex returns
Analysts said V-Mart has seen a better recovery than other apparel retailers due to its focus on smaller towns and largely on high streets.
Birlasoft to adopt platform-based strategy
The company would invest in developing platforms for core industry process for clients that require higher digitisation, offering them a ‘servitization model’.
Kacholia, Dhawan's top bet swells 500% in 11 months. Is there more steam left?
The stock rallied six times, or 500 per cent, in last 11 months, but some selling pressure has set in over the past few days following the December quarter earnings.
Birlasoft Q3 results: Net profit rises 33% to Rs 96 cr
The IT services company had posted a profit of Rs 72.6 crore in the year-ago period, Birlasoft said in a regulatory filing.
Birlasoft surges 12% on parternering with Microsoft
Birlasoft has plans to scale its current Microsoft cloud business to $100M. Building on the current collaboration, Birlasoft will focus on delivering end-to-end services on Microsoft Azure, Microsoft 365, and Microsoft Dynamics 365, to its clients, the company said.
Birlasoft announces global strategic cloud partnership with Microsoft
The company said it intends to grow its Microsoft cloud business to $100 million with this partnership. Birlasoft has been a Microsoft Gold partner for 10 years now. "Birlasoft empowers our customers to harness the full power of digital by combining enterprise applications with the most modern platforms, software and digitalization processes,” said Dharmender Kapoor, CEO at Birlasoft.
Birlasoft Q4 results: Reports muted Covid-19 impact
The company reported revenue of $125.6 million for the quarter to March.
Birlasoft eyes micro verticals, cross-selling to reach $1bn mark
A few months ago, the company signed a $240 million multi-year deal with medical devices firm Invacare, providing ‘IT-as-a-Service’ through an achievementbased agreement.
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