The company says the business environment is however improving
Wipro, India's third-largest outsourcer, said Tuesday that its IT services revenue in U.S. dollar terms had declined by 4 percent to US$1.1 billion in the quarter ended Sept. 30 against the same quarter last year.
Signs that things may be improving in tech sector
Like the rest of the economy, the tech sector has been in the doldrums for well over a year now. But there are signs that things may be improving. Here are five recent developments that show a tech recovery may be under way.
Researchers say revenue fell and demand for capacity slowed in the first quarter
Hard times are driving large enterprises to patch holes in their storage architectures with systems designed for small and medium-sized businesses, one reason enterprise disk storage revenue fell 18.2 percent in the first quarter of this year, according to research company IDC.
Research does not intend to predict end of recession
Leading IT companies and CIOs should start preparing for business growth immediately if they want to avoid falling behind competitors once the recession ends, says Gartner Research.
Twenty two year old plant's operations moved to Czech Republic
HP is set to axe 850 manufacturing jobs in the UK, according to trade union Unite.
Bad economic times? Sure, but Google still sees bright spots
While most companies are hunkering down and trying to survive the recession, Google Inc. has other plans.
Resellers face clamp on credit conditions
Australian resellers are facing a clamp down on credit conditions and limits as the leading
insurance companies tighten their policies and terms to defend against the global downturn.
Business decision spurs negative sentiment toward Big Blue.
IBM's news that it will shed some 5,000 North American jobs and potentially send more positions overseas has stirred up some bad sentiment toward Big Blue as the U.S. economy continues to languish.
Microsoft plans to use this week's Open Source Business Conference (OSBC) to outline its move into the next phase of its open source strategy around building a business model for the down economy, according to company officials.
The fate of sensitive corporate data is also a worry
Pat Beemer, IT director for Seattle Lighting, has a lot of orphaned computer hardware and unused software licenses on his hands -- the result of what he calls "serious" layoffs at the company.
With the recession putting a big squeeze on IT budgets, cutbacks are the rule. But CIOs are trying to keep key tech projects on track.
As the economic news continues to get bleaker, double-digit budget cuts are becoming a fact of life in many IT departments - resulting in postponed purchases, delayed projects, hiring freezes and layoffs.
Doing much more with much less is business as usual for Kiva, its entrepreneurs and its IT team.
Aaron Yu wants to share his enthusiasm for Kiva, a nonprofit microfinancing organization. He sees Facebook as a prime way to do that.
At its CIO Summit, Microsoft told government and education IT managers to figure out how to do "more with less" during the economic recession.
At its CIO Summit, Microsoft told government and education IT managers to figure out how to do "more with less" during the economic recession.
Venture cash scarce, but still available for the most innovative companies, investors say.
The semi-annual DEMO conference is all about finding the next big thing, a company that can wow the technology world while raking in boatloads of cash.
Layoffs can spark destructive behavior. Take these steps to protect your company.
A senior corporate executive leaves the company, taking with him his framed family photographs, his prized gold pen-and-pencil set -- and the passwords of several hundred employees.
