News

• EBay setting up a second development center in India

  EBay is hiring for a development center it is setting up in Bangalore, its second in the country.

• Wipro's IT revenue growth slows in an uncertain market

  Wipro, one of India's top outsourcers, reported slow revenue growth in U.S. dollar terms for the quarter ended March 31, and issued muted guidance for the next quarter, reflecting an uncertain outsourcing market.

• Tata forecasts a strong market for its services

  India's largest outsourcer, Tata Consultancy Services, posted high revenue and profit growth in U.S. dollar terms for the quarter ended March 31, and said the market for its services continues to be strong.

• Infosys sees revenue grow more slowly than hoped

  Infosys' revenue in its fourth quarter and full fiscal year ended March 31 fell short of guidance, as global markets for its services are recovering very slowly, the company said Friday.

• Indian outsourcers highlight US job creation

  Indian outsourcers employed 107,000 staff in the U.S. in the Indian fiscal year ended March 31, 2011, in addition to providing indirect employment to 175,000 people, according to a study to be released in the U.S. by the National Association of Software and Services Companies (Nasscom) on Wednesday.

• Satyam Computer Services to be merged with Tech Mahindra

  More than three years after Indian outsourcer Satyam Computer Services was hit by a financial scandal, the company is being merged with Tech Mahindra, a key investor in the company after the crisis.

• Growth in Indian IT services exports to slow down, says Nasscom

  Growth in India's exports of IT services, business process outsourcing and related services is forecast to drop to 11 to 14 percent in the Indian fiscal year to March 31, 2013 from an estimated 16.3 percent in the current fiscal year, the National Association of Software and Services Companies (Nasscom) said.

• Outsourcer Cognizant posts strong revenue and profit growth despite uncertain market

  Cognizant Technology Solutions posted strong growth in revenue and profits in the fourth quarter of 2011, indicating that a few focused players continue to grow, even as demand for offshoring is flat because of uncertain economic conditions.

• Wipro's IT revenue rises, but lags peers

  Wipro's IT services revenue grew 12 percent year on year in U.S. dollar terms in the quarter ended Dec. 31, but its growth lags behind Indian outsourcing peers such as Tata Consultancy Services (TCS).

• India's Tata posts strong revenue growth in tough times

  Tata Consultancy Services, India's largest outsourcer, posted strong revenue in the quarter ended Dec. 31, with growth across all its markets including Europe, which is being hit by a debt crisis.

• Infosys cuts revenue forecast citing European crisis

  Infosys cut its revenue growth forecast for its fiscal year ending March 31, citing slowing demand in Europe which is hit by a debt crisis.

• Security to have the most impact on industry: ACS

  Cloud computing, security and the offshoring of companies are likely to have the greatest impact on the ICT industry in the next 10 years, according to an Australian Computer Society (ACS) Victoria survey.

• LinkedIn sets up engineering center in India

  Online professional network LinkedIn has set up a technology center in India that will focus on engineering and operating the company's products and systems.

• Tata's UK subsidiary gets $2.2 billion BPO order

  Tata Consultancy Services (TCS) has bagged a £1.37 billion (US$2.2 billion) business process outsourcing order from Friends Life, a provider of pensions, investments, and insurance, it said in a filing to Indian stock exchanges.

• Offshoring and security: IT managers, network admins divided on risk

  Does offshore outsourcing make an IT organization more vulnerable to data loss or attack? Or are offshore providers actually improving network security for their customers?