IT articles

IT job cuts: Infosys founder Narayana Murthy saddened by recent layoffs

Founder-Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost-cutting strategy. “…It is sad…,” Murthy told in an email reply to a PTI query about recent IT layoffs. Murthy, however, did not elaborate on the matter. Infosys had announced that it could

Google’s AlphaGo proves superiority over human opponents

Google computer program called AlphaGo beat the world’s best player in the second game. It’s all over for humanity – at least in the game of Go. For the second game in a row, a Google computer program called AlphaGo beat the world’s best player of what many consider the world’s most sophisticated board game.

HP Inc results beat in ‘breakthrough’ Q2 FY18 for computers, printers

HP Inc reported better-than-expected results in what its chief executive termed a “breakthrough” quarter as both its PC and printer businesses grew for the first time since 2010. Shares of the company rose 3.6 per cent to $19.7 after the bell on Wednesday. Revenue from personal systems business, which makes notebooks, desktops and workstations, jumped

IT sector layoffs: Routine trimming over hyped, says Ravi Shankar Prasad

In the light of the recent reports of layoffs in the IT industry, IT Minister Ravi Shankar Prasad has refused to set the alarm bells ringing. Speaking to ET Now, he said that the current situation has been exaggerated. “Some performance related routine trimming is an integral part of any industry and should not be

HCL Tech to buyback stock at 17% premium for Rs 3,500 cr

India’s fourth largest software services firm HCL Technologies today said it will buyback shares at Rs 1,000 apiece, a 17 per cent premium over current trading price. The company is proposing an offer for buyback of equity shares for cash at a price of Rs 1,000 per equity shares on a proportionate basis through tender

Citrix Cloud services on Microsoft Azure helping firms transform: Satya Nadella

While rumours of Microsoft eyeing the cloud and desktop virtualisation leader Citrix for acquisition are dotting the tech landscape for quite some time, for Satya Nadella, the two companies are focused on enabling customers digitally transform while providing cyber security and compliance. Microsoft and Citrix have partnered for over 25 years on remote desktop devices

Infosys hikes pay of top executives, employees call it ‘painful’

Two IT employee groups have flayed the steep hike in compensation awarded to top executives of Infosys, terming the move by the software giant as “painful” amid job losses in the industry. According to the 2017 annual report of Infosys that was published on the company’s website, payouts of at least four Infosys executives have

Chinese government gets custom version of Windows 10

Tech giant Microsoft has announced a new custom version of Windows 10 which is ready for Chinese government agencies to use. The Windows 10 China Government Edition is based on Windows 10 Enterprise Edition, which already includes many of the security, identity, deployment, and manageability features governments and enterprises need. “The China Government Edition will

Nearly 3/4th of Internet of Things projects are failing: Cisco

While Internet of Things (IoT) ecosystem is gaining momentum globally, a new survey has found that enterprises did not consider nearly a third of all the completed projects a success and plenty of things can be done to get more projects out of pilot. The study, conducted by Global networking giant Cisco, shows that 60

IT employees set to form union as layoffs loom large

A forum of IT workers is all set to get itself registered as the first union of techies in the country, amid reports of large scale layoffs by IT companies. “The Forum for Information Technology Employees (FITE) will be getting itself registered formally as the first union for IT employees in India,” forum’s vice-president Vasumathi