Software

IT Services Industry Faces Sluggish Growth due to Lower Tech Spending

The information technology (IT) services sector is likely to see a second consecutive year of sluggish growth in fiscal 2025, with revenue seen rising...

Managed Services Market Hits $100 bn in 2023, Driven by AI and Cloud Adoption

In 2023, the global managed services market witnessed a surge, with over 1,800 deals worth more than $100 billion in total contract value (TCV),...

Wipro Signals Drop in IT Spending During Current Quarter

Wipro said it expects revenue from IT Services business segment to be in the range of $2.617 billion to $2.670 million, translating to sequential...

Infosys Reports Decline in Headcount for First Time in Nearly 23 Years

IT giant Infosys has reported a decline in the number of employees in fiscal 2024 -- for the first time in almost 23 years. The...

Infosys to acquire in-tech to bolster automotive clients in Germany

Infosys is set to acquire in-tech, a leading Engineering R&D services provider focused on German automotive industry. This strategic investment strengthens Infosys’ Engineering R&D capabilities. Infosys did...

Infosys migrates Team Global Express to public cloud

Infosys announced the completion of the migration of Team Global Express’ applications and services to an energy-efficient data centre and public cloud. Infosys, with Team Global...

CRM major Salesforce in Advanced Talks to Acquire Informatica

Salesforce, the leader in the CRM industry, is in advanced negotiations to acquire data-management software provider Informatica, a news report in The Wall Street...

TCS Reports Significant Drop in Employees, the First Time in 19 Years

Tata Consultancy Services (TCS) has disclosed a notable decline in its headcount, reporting a drop of 13,249 employees year-on-year during the financial year 2023-24...