Telecom networking giant Huawei has entered IT services, a shift from its hardware-focussed strategy which will eat into the marketshare of Indian software exporters, especially in telecom-related projects.
Revenue rose 24.8% to Rs.5,122 core in the June quarter, as compared with Rs.4,103 crore in the year-ago period. Tech Mahindra Ltd, India’s fifth-largest software services company, said fiscal first-quarter profit fell 8%, missing analysts estimates, on higher visa and hiring costs.
Enterprise Major Oracle Plans One Office in Every State Capital As It Sees Higher Tech Spending #Press #Media #CommunicationsToday
Oracle is looking to have branch offices in all Indian state capitals as part of its plan to boost business while some of its larger competitors deal with problems of their own. Oracle, founded by technology billionaire Larry Ellison, counts companies like HP and IBM as its major competitors. […]