The third quarter of the current fiscal has so far seen surprising results from some of the big and mid-sized IT companies that came out with numb IT COS ers for the quarter. The biggies have adopted cost control measures to maintain their profitability, which was under stress due to pressure on billing rates and lower volumes. Among ... [full story]
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IT major Infosys is working on a new technology "magic mirror" with a well-known retailer for its deployment. "We are working with a well-known retailer in deploying magic mirror technology and I do not want to disclose the name of the company now", Infosys Chief Mentor N R Narayanamurthy said and did not elaborate. In his keynote ... [full story]
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Software major Infosys Technologies on Tuesday announced a 33.31 per cent growth in consolidated net profit at Rs 1,641 crore for the third quarter ended December 31, 2008, over the corresponding period a year ago. The country's second largest software exporter had a net profit of Rs 1,231 crore in the same quarter last fiscal, Infosys said in a ... [full story]
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Rural BPOs are the next revolution in Indian Information Technology sector to happen, as the industry gears up to achieve $50 billion export target this year, Nasscom member Ashank Desai said "The host of rural BPOs that are coming up in the country, is the next revolution in industry to happen, rural BPOs is about creating jobs," Desai, who ... [full story]
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Market is expecting a weak quarter for Indian IT companies owing to lower numbers of billing days on account of Thanksgiving Day and Christmas holidays. "This time, weak seasonality factor is overloaded with a deteriorating macro environment. The worsening economic situation in US, Europe and Japan is likely to reflect more prominently in reported numbers and management comments," ... [full story]
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Two years ago, Microsoft rankled computer-security software vendors by jumping into their market (BusinessWeek.com, 6/1/06). Now the company is again creating waves by pulling out of it. It's not that Microsoft (MSFT) will stop providing security products. But starting next year, the software giant plans to stop selling its OneCare security program, a $50-per-year virus-cleaning service that failed to ... [full story]
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If things go according to plan, Bhutan could well become an important IT hub with giants like Infosys, Genpact and Microsoft evincing k een interest to set up BPOs and data centres in the Himalayan country. Around 30 leading IT firms from India held strategy meetings here recently to explore investment possibilities in Bhutan. The IT leaders ... [full story]
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The Satyam-Maytas fiasco has drawn the attention of Government towards the role of independent directors, especially when the new Companies Bill provides for 33 per cent of such directors in boards of companies. "In the longer run, it needs to be seen what is the problem with the role taken by independent directors," official sources said. The Satyam ... [full story]
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Many computer consultants struggle to come up with solid Information Technology business plans. The main reason for this is that many fail to understand the concept of “Virtual IT” and how using it as a business model can help them build profitable and stable companies. If you are like most consultants trying to devise Information Technology business plans, you ... [full story]
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India’s third-biggest software exporter Wipro Technologies said that it will hire around 13,500 engineering graduates as planned earl ier. This comes at a time when the company is coping with a slowing demand for its services in the US and European markets. Wipro, which has offered these graduates an option of joining the company’s BPO arm, said it ... [full story]
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Microsoft plans to provide Russian IT market newbies with $100 million (78 million euros) worth of software and technical support, Russi a's communications ministry said. "Together with Russian venture funds (Microsoft) will choose 1,000 software producers whom Microsoft is willing to offer software, support and consultations," the ministry said in a statement on its website, following talks between ... [full story]
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Market Overview The IT market is projected to continue to expand during the 2008-2012 period, despite slower economic growth this year. The total size of the South African IT market is expected by BMI to increase from US$8bn in 2007 to around US$11.6bn in 2012. The energy crisis, and weakening external demand, may precipitate a more cautious spending approach by ... [full story]
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The message to University of Arizona President Robert N. Shelton and Provost Meredith Hay is loud and clear on the Transformation Plan Web site: Don't centralize UA's information technology functions. "Transforming Technology Support Services" is the most controversial of the 75 proposals submitted to Hay Oct. 13 as the first step in UA's reorganization process - at least on ... [full story]
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Who will be the winners and losers in the IT industry in this volatile economy? The consensus of industry analysts in the latest BriefingsDirect podcast is that IT companies involved in services and provide direct impact to businesses in terms of streamlining and quick ROI. Dana Gardner assembled another stellar lineup of panelists, who discussed the industry’s immediate future. ... [full story]
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The National Policing Improvement Agency’s pilot into mobile fingerprinting technology has revealed successful results. Chief information officer Richard Earland, reports on its progress The Lantern Pilot, managed by the National Policing Improvement Agency (NPIA), has developed a capability to allow police officers to take fingerprints away from the custody suite in order to confirm a person’s identity in ... [full story]
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Friday, India's business and information technology services major Satyam Computer Services Ltd. reported higher profit for the second-quarter influenced by volume growth and depreciating rupee against U.S. dollar. The company has also provided earnings and revenue guidance for the third-quarter while revising its outlook for fiscal 2009. Consolidated Results The Hyderabad-based company reported second-quarter consolidated net profit ... [full story]
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Catonsville data hosting company Performance Technology Group is expanding its capacity by 50 percent after landing some significant contracts with the state, McCormick & Co. Inc., RWD Technologies and Knoll Inc. Performance Technology is adding 5,000 square feet to its data center and 5,000 square feet of office space over the next several weeks as it grows to handle ... [full story]
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Suffolk County Executive Steve Levy has nominated Gary Quinn of Old Field to be commissioner of the Department of Information Technology. Quinn has over 20 years management and development experience with Computer Associates, having most recently been executive vice president of the firm's Worldwide Partners division. Quinn has also served as executive vice president in the sales division, and ... [full story]
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Market Overview BMI expects that the size of the Mexican IT market will increase from US$10bn in 2007 to around US$16.9bn in 2012. Mexico has plenty of room for progress on a range of ICT indicators, including computer penetration and e-government. IT spending as a percentage of GDP at less than 2% remains well below OECD levels. Greater affordability, lower ... [full story]
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eFuture Information Technology Inc. (EFUT) reported second quarter financial results. Revenues rose to $3.5 million, an increase of 103.9% over the same period in 2007. Gross profit rose 115% to $2.0 million as gross margin improved to 57.1% from 54.1% year-over-year. GAAP net income was $0.4 million, or 13 cents per diluted share, vs. a loss of $1.34 million in ... [full story]
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The New Zealand arm of information technology services giant EDS will be sold to Hewlett- Packard for $225.6 million, as part of HP's US$13.9 billion global takeover of the company. EDS New Zealand's sale price was disclosed by the Overseas Investment Office, which rubber- stamped the deal. The combined company will employ 2900 staff and HP New Zealand ... [full story]
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Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has said that government wants to introduce latest methods and technology for surmounting problems in education, health, power generation, computer education and infrastructure sectors so that living standard of the common man could be improved. He said that in addition to improvement of healthcare facilities in rural and basic health centers, provision of ... [full story]
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There was a need to make the healthcare sector more IT-oriented, opined experts at a seminar on healthcare organised by the Confederation of Indian Industries (CII). According to Rajarshi Sengupta, executive director, Deloitte & Touche Consulting, there was urgent need to integrate the back office operations of hospitals by use of technology. Apart from few hospitals in south ... [full story]
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BM's second-quarter profits grew 22 percent, led by services and software revenue and sales in international markets. IBM's revenues grew 13 percent to $26.8 billion, while net income for the period was $2.8 billion, the company said. Also, as IBM pulled $10.9 billion in revenue from its Americas sector, the company drew $15.1 billion from international markets, indicating that ... [full story]
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non-voice BPO service provider, Vishal Information Technologies (VITL), is hitting the primary market to fund its expansion plans, including setting up a bigger campus and marketing offices in the US and UK. Out of 27,90,000 shares that will be offered to the public , 17,90,000 are fresh, while the rest will be offloaded by the existing promoters. Post-listing , the ... [full story]
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Affiliated Computer Services, Inc. (NYSE: ACS) today announced the promotion of Tasos Tsolakis as the company’s Chief Information Officer (CIO). In this new capacity, Tsolakis will coordinate technology decisions throughout the company’s lines of businesses and global locations. He also will have the critical job of implementing common component solutions across the business lines to minimize customer implementation intervals ... [full story]
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A convergence of the best and the brightest - The alliance has been made with the scope of enhancing iCore’s voice and data services with the provision of a more comprehensive suite of IT services. iCore Networks is pleased to announce a new partnership with Cetrom Information Technology. The alliance has been made with the scope of enhancing iCore’s ... [full story]
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IDG's Computerworld has named San Diego Gas & Electric (SDG&E) one of the top workplaces for information technology professionals. The recognition is part of the industry publication's 15th annual "Best Places to Work in IT" survey, published in the June 30 issue. Computerworld's annual survey ranks the top 100 work environments for technology professionals, based on a broad range ... [full story]
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The vision of Information Technology(IT) policy is to use IT as a tool for raising the living standards of the common man and enriching their lives. Though, urban India has a high internet density, the government also wants PC and Internet penetration in the rural India. In Information technology (IT), India has built up valuable brand equity in the ... [full story]
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Chinook's Edge School Division No. 73 invites applications for a Director of Educational Technology Services effective August 15, 2008. The successful candidate must have the following qualifications: Proven classroom teaching experience integrating technology into the curriculum Proven leadership abilities in the area of integration of technology and curriculum Primary Functions: To facilitate the integration of technology into every ... [full story]
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Pakistan’s information technology industry is progressing rapidly at more than 50 per cent annually for the last four years, with many companies winning huge contracts from domestic as well as international market, an official of the Pakistan Software Export Board (PSEB) said in a statement issued on Thursday. Quoting the figures released by the State Bank of Pakistan (SBP) ... [full story]
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eFuture Information Technology, a leading provider of front-end supply chain management software and services in China, has signed contracts to provide logistics software licenses and digital picking equipment to WuShang BulkSale Chain. These contracts build on a previous contract to provide WuShang with logistics consulting services. Lin Fang, WuShang’s vice president said, ‘During peak periods, such as ... [full story]
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