Currently, skilling platforms of Infosys TCS train over 700,000 employees, as they look to reskill their workforce.
UBS has been boosting its investments in India over the last few years. From initially focusing the country as a market, it is increasingly tapping India as a delivery location for its technology spend.
. Cognizant is hiring to expand in Europe as it looks to diversify revenue streams. The drop in North America headcount at the US-headquartered company comes at a time when Indian IT firms are increasingly hiring in that market to deal with visa restrictions.
“Today, outside the ecommerce players, we are the largest ecommerce platform,” Kumar said at the Nasscom Technology and Leadership Conference in Mumbai on Friday. “I have more than 100 partners and they are growing. Today, I do a huge number of redirections to Amazon, IRCTC, Flipkart."
Only Infosys and HCL Technologies have managed double-digit growth so far this fiscal year, helped by acquisitions. HCL’s acquisition of IBM products and its investments in artificial intelligence and analytics have helped it take a lead over rivals like Wipro, analysts said.
IT companies are preparing for some slowdown in revenue growth from the impact.
“The acquisition reaffirms our continuous endeavor to strengthen our strategy of scaling our Agile Digital and cloud-first digital transformation capabilities. This acquisition is key to staying relevant to the digital priorities of our clients and demonstrates our commitment to the Salesforce ecosystem,” Pravin Rao, COO, Infosys, said in a statement.
Under CEO Brian Humphries, Cognizant is taking a slew of steps to invest and boost growth. In October, the Teaneck, New Jersey-headquartered company said it would cut as many as 7000 jobs, and exit content moderation impacting a further 6000 employees, to slash costs and focus on key businesses.
Cognizant warned of job cuts in October to invest in growth areas such as cloud and internet of things and cushion the impact from a decline in spending by its financial customers, which the company expected to continue through the second half of 2019.
Cognizant said it was entering into exclusive negotiations to buy the French operations of El-Technologies, a digital consulting and Salesforce specialist, for an undisclosed sum. The IT company will add about 345 employees in France. The transaction requires consultation with the relevant works council and would be subject to closing conditions.
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