Bangalore: Narayana Murthy's success in turning around Indian IT services firm Infosys hinges on his ability to revive its sales efforts and shake up the conservative culture he helped create. Eleven years after Murthy stepped down as chief executive at India's second largest computer services exporter, Infosys unexpectedly brought back the 66-year-old as executive chairman to reverse falling market share and end two years of disappointing results.
Shares rose as much as 9 per cent to almost a two-month high following the weekend announcement, outperforming the broader market. But Murthy, a founding father of India's $108 billion IT outsourcing sector who was the longest serving Infosys CEO, returns to an industry buffeted by change.
Customers and rivals are pushing prices down, costs are rising as technologies become obsolete faster than ever, and the sector's biggest market, the United States, is considering visa rules that will make it more costly and difficult to send workers there.
Some industry experts say Infosys's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals like Tata Consultancy Services Ltd and HCL Technologies Ltd....
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10:37 PM, Jun 04, 2013
Bangalore: HCL Technologies Ltd, India's fourth-biggest software services provider, beat analysts' estimates with a 73 per cent rise in quarterly profit after winning orders and keeping a lid on hiring. Net profit rose to Rs 10.4 billion for the fiscal third-quarter ended on March 31 from Rs 6 billion in the year-earlier period, said HCL Technologies, whose customers include Finnish mobile phone maker Nokia Oyj. That compared with the average...
09:59 AM, Apr 17, 2013
HCL has announced the launch of a slew of HCL ME tablets which are available at competitive prices. These budget tablets include - HCL ME U2, HCL ME V1, HCL ME Y3. ...
04:46 PM, Feb 05, 2013
India's No 3 software services provider Wipro Ltd posted an 18 per cent gain in quarterly profit, joining bigger rivals Tata Consultancy Services Ltd and Infosys Ltd in reporting better-than-expected earnings. ...
09:07 AM, Jan 18, 2013
HCL Technologies, India's fourth-largest software services provider, beat estimates with a 68.4 per cent jump in quarterly profit, joining Infosys and Tata Consultancy Services in signalling a pickup in outsourcing. Consolidated net profit for its fiscal second quarter that ended December 31 rose to Rs 965 crore from Rs 573 crore a year earlier. Analysts were expecting profit to rise to Rs 826 crore, according to the latest Thomson Reuters...
10:55 AM, Jan 17, 2013
Bangalore: HCL Technologies, India's fourth largest software services provider, beat market expectations with a 78 per cent rise in consolidated net profit for the fiscal first quarter that ended in September, helped by higher contract wins. Consolidated net profit rose to 8.85 billion rupees from 4.97 billion rupees for the year-earlier period. Analyst were expecting profit to rise to 8 billion rupees, according to Thomson Reuters data. HCL Technologies' customers...
09:38 AM, Oct 17, 2012
On this episode of Tech Toyz, we will bring to you, all you need to know about HCL ME Y2 tablet, and much more. ...
08:17 PM, Sep 22, 2012
New Delhi: HCL has launched its first HCL Ultrasmart ME ultrabook - the Ultrasmart ME Series 3074 - in India. Powered by a 3rd Generation Intel Core i3 processor, the ultrabook has a 14-inch WXGA LED backlit display with a resolution of 1366x768 pixels. It is priced at Rs 51,990 onwards. The ultrabook offers hybrid drive version - a combination of SSD and SATAII HDD. It comes with 4 GB...
02:21 PM, Sep 19, 2012
New Delhi: HCL Infosystems has launched its new 3G enabled tablet " the HCL ME Y2. The new tablet offers 3G connectivity with its in-built SIM slot and is priced at Rs 14,999. The tablet runs Android OS 4.0.3 (Ice Cream Sandwich). The device has a 2-mega pixel rear camera and a 0.3-mega pixel front camera. The tablet features a 7-inch multi touch capacitive screen with a resolution of 1024x600...
05:31 PM, Aug 13, 2012
New Delhi: HCL Technologies on Wednesday posted 67.3 per cent jump in net profit at Rs 854.1 crore for the fourth quarter ended June 30, on the back of strong order pipeline. The IT services major had posted a net profit of Rs 510.5 crore in the same quarter last year. The company follows a July-June financial year. Its total income rose to Rs 5,919.1 crore during the reporting quarter...
09:06 AM, Jul 25, 2012
New Delhi: PC manufacturer HCL, which has already launched two 7-inch tablets, will add one more Android tablet to its portfolio in August. The new HCl tablet, called Y2, will not only have a SIM slot for accessing 3G network but also will have WiFi connectivity. Gautam Advani, executive vice president, head mobility at HCL Info Systems said, "HCL will be launching an Android Ice Cream Sandwich based 7 inch...
11:05 AM, Jun 20, 2012
New Delhi: HCL Infosystems has launched next-gen devices, which include - the new Beanstalk range of AIO (All in One) PCs and the Smart Series Laptop. The company also showcased its range of lifestyle technology products including tablets and the soon to be launched HCL Ultrabook and the Ultra Small PC - HCL Tiny Top. HCL Infosystems has launched the AIO (All-in-One) PC under its Beanstalk range. Currently, two models...
04:05 PM, Jun 19, 2012
Mumbai: Bollywood is not happy with the police crackdown on Mumbai's nightclubs. Assistant Commissioner of Police Vasant Dhoble's zeal to ensure that late night bars do not flout rules related to music and overcrowding has not gone down well with many celebrities. Actors say the policeman is trying to kill the city's night life. Dhoble raided the Shiro nightclub in Worli on Saturday, saying it was flouting rules. Published reports...
02:34 PM, Jun 13, 2012
London: The former top media adviser to Prime Minister David Cameron was arrested and charged with perjury on Wednesday in the trial of a flamboyant ex-Scottish lawmaker - the latest case tied to allegations of wrongdoing by British tabloid newspapers. Andy Coulson, 44, was detained by Scottish police at his home in London Wednesday morning over an accusation related to testimony he gave in a high-profile case at Glasgow's High...
04:05 AM, May 31, 2012
Bangalore: India's leading IT services provider HCL Technologies will partner with US-based GridPoint to develop software for smart energy solutions, the company said late on Monday. "As part of the multi-year deal, we will enhance GridPoint's software solutions to help accelerate the pace of delivering new capabilities to the market," HCL vice-president Rajeev Swahney said in a statement. The acceleration will help GridPoint meet the increased demand for smart energy...
01:37 AM, Apr 24, 2012
New Delhi: Both HCL MeTab U1 and Micromax Funbook were launched within a span of a few days and both of them are focused on education. Here we've compared the two. Hardware Both tablets have more or less the same hardware and software. Both have 7 inch capacitive touchscreens with 800 x 480 pixel resolution. Both are based on Android 4.0.3. However, while the Micromax Funbook does offer access to...
10:49 AM, Apr 09, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav on Monday met HCL Chairman Shiv Nadar and discussed use of IT in education, industry, governance and health sectors. During the two-hour meeting, Nadar, in his presentation, showed ways to remove illiteracy within 10 years by using IT and also termed announcement to provide tablets and laptops to students as useful, an official release said. He proposed to provide IT facilities in 20...
10:42 PM, Apr 02, 2012
New Delhi: HCL Infosystems Ltd has unveiled two new tablets " the HCL ME U1 and the HCL MyEdu Tab. The HCL ME U1 runs Android OS 4.0.3 (Ice Cream Sandwich), and has a 1GHz processor. It features 7-inch, capacitive touchcreeen with a resolution of 800x480 pixels. It also has a 0.3 megapixel front camera and 512MB RAM DDR3. The U1 tablet has an internal storage space of 4GB, which...
03:34 PM, Apr 02, 2012
