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It Services

All articles tagged with #it services

business1 year ago•1 min saved

Tech Firm Fined for Discriminatory 'Whites Only' Job Ad

Arthur Grand Technologies, a US IT services firm, has been fined $38,500 for a discriminatory job posting that sought only white, US-born applicants. The ad, posted by a disgruntled recruiter in India, violated federal civil rights and labor laws. The company will pay civil penalties and compensation to complainants, and must also train employees on relevant laws and revise its employment policies. The CEO denies any wrongdoing, attributing the incident to an unauthorized action by a terminated employee.

via BBC.com|

#business #civil-rights #discrimination

technology2 years ago•2 min saved

"UK Law Firms Face Uncertainty as Cyberattack Disrupts Home Sales and Legal Services"

Homebuyers, including Alice Fenton, are facing uncertainty in completing their property purchases due to a cyber-attack on CTS, an IT services provider for law firms. The attack has rendered documents inaccessible, causing delays and potential breaches of contract. Up to 200 law firms may have been affected, impacting property completions. CTS has not disclosed the scale of the problem or provided a timeline for service restoration. Buyers are concerned about expiring mortgage offers and increased interest rates. The property law regulator has confirmed disruption to transactions, while affected buyers remain in the dark about when their purchases can be completed.

via BBC.com|

#cyber-attack #homebuyers #it-services

business2 years ago•1 min saved

Tech Giants' Q2 Results Reflect the Limitations of Billion Dollar Deals

The Q2 earnings of major IT services companies, including TCS, Infosys, and HCL Tech, have shown positive results in terms of margins and record-high total contract value (TCV) of deal wins. While the companies employed strategies to maintain margins, there has been a setback in discretionary demand, leading to reduced revenue guidance by Infosys. However, the increase in deal wins is seen as a positive sign for future revenue growth, and analysts expect margin expansion for these companies in the coming years. The stabilization and improvement of discretionary spending are crucial for meeting revenue growth estimates in the long term.

via IndiaTimes|

#business #hcl-tech #infosys

business2 years ago•1 min saved

Accenture's Fiscal 2024 Outlook Weaker Amidst IT Spending Pressure

Accenture, an IT services firm, has warned of weaker fiscal 2024 as IT spending remains under pressure. The company's forecast for full-year earnings and first-quarter revenue fell below Wall Street targets, citing concerns over high inflation and interest rates. The U.S. Federal Reserve's decision to keep interest rates elevated for longer than expected has raised worries about delayed enterprise spending. Other IT giants, such as Infosys and Tata Consultancy Services, have also reported soft demand. Accenture's CEO, Julie Sweet, does not anticipate generative artificial intelligence to be a significant growth driver next year, instead focusing on companies completing their migration to the cloud.

via Reuters|

#accenture #business #inflation

business2 years ago•0 min saved

Kyndryl's Shares Soar as Outlook Brightens

Kyndryl, the IT services company that spun out of IBM, saw a spike in its shares after reporting better-than-expected financial results for the June quarter and raising its full-year guidance.

via Barron's|

#business #financial-results #guidance

government-contracts2 years ago•3 min saved

GAO Upholds 98 Bid Protests for CIO-SP4 GWAC

The Government Accountability Office (GAO) has upheld 98 protests from companies that were eliminated in Phase 1 of the competition for the $50 billion CIO-SP4 governmentwide acquisition contract. GAO found that the National Institutes of Health's IT Acquisition and Assessment Center (NITAAC) did not reasonably evaluate the phase 1 offers and did not determine which proposals would advance to the next stages of competition. This decision is likely to force NITAAC to backtrack from its initial awards or reopen evaluations for the 98 companies. The GAO decision serves as a reminder to agencies to follow evaluation criteria and not rush the selection process for large-scale contracts.

via Federal News Network|

#cio-sp4 #gao #government-contracts

business2 years ago•0 min saved

Accenture's Strong Earnings Fail to Impress Investors, Stock Drops.

Accenture's stock fell despite beating earnings and revenue estimates, as the company lowered its revenue growth outlook for the fiscal year.

via Barron's|

#accenture #business #fiscal-year

business2 years ago•1 min saved

Krithi Krithivasan appointed as new CEO of TCS following Gopinathan's resignation.

Krithi Krithivasan, a veteran of nearly 34 years at Tata Consultancy Services, will take over as CEO of India's largest IT services firm from Rajesh Gopinathan in six months. Krithivasan currently leads the banking, financial services and insurance vertical of TCS and is responsible for planning and executing growth strategies, improving financial performance, and enhancing customer mindshare and market positioning. He has held various positions in delivery, customer relationship management and sales over the past 30 years.

via BQ Prime|

#business #ceo #digital-transformation