VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   HCL Technologies(NSE:HCLTECH)  has reportedly formed a strategic partnership to address the substantial market opportunity created by the need for enterprise clients to modernize their applications and transition to the cloud. HCL and  CSC(NYSE:CSC)  will create a world-class application modernization delivery network to enable enterprises to shift from  legacy technologies to a cloud-enabled platform . The first delivery centres will be launched in Bangalore and Chennai. These delivery centres will lower the risks and costs for clients transitioning to the cloud. The joint application modernization offering will be enhanced with vertical-specific initiatives starting with banking and financial services through the creation of a banking centre of excellence. The partnership will be standardizing the delivery of modernized applications and enable them to be brokered onto any cloud environment, using platforms suc...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   As per the latest update, the software firm  CSC  has acquired  Infochimps  which is a provider of big data Platform-as-a-Service for enterprise businesses and an open-source innovator based in Austin, Texas and with an office in Redwood City, California. Infochimps' team of highly skilled big data and analytics professionals and engineers will accelerate the development of CSC's data services platform, enabling CSC to quickly scale its big data business and offering Customers as-a-Service access to advanced data analytics.. "This acquisition aligns directly with  CSC's focus on next-generation technology solutions  and services. Infochimps' expertise in building industrial-strength data platforms on open-source technologies will advance CSC's big data capabilities significantly," said  Sashi Reddi, CSC's Vice-President & General Manager, Big Data and Analytics. Infochimps will be able to le...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE CSC has recently reported first quarter 2013 diluted earnings of $0.26 per share, compared with diluted earnings of $1.17 per share in the first quarter of 2012 which included a one-time tax benefit of approximately $0.78 cents. Total revenue was $3.96 billion compared to $4.03 billion in the same period of last year. Mike Lawrie, President & CEO said, “Our first quarter performance reflects a first step in turning around CSC. While there is significant work ahead of us, I am pleased with our initial progress on operating margins and free cash flow.” “We have launched several action plans which will transform the company over the next several years and create value for our shareholders. As part of this transformation agenda, we are bringing a much needed focus to greater contract management discipline across the company. We are also simplifying our operating model to realize greater productivity and operational efficiency. We...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE IBM has announced four community projects for the city of Indore as a part of the Corporate Service Corps (CSC) program. The projects are said to be implemented in partnership with Concept Society, India@75, Government of Madhya Pradesh, and the Urban Health Resource Centre (UHRC). A team comprising of 12 IBMers from nine different countries (Japan, Canada, Chile, Brazil, USA, Australia, Mexico, Germany and Argentina) will work on these projects for a period of six months including one month on location. The projects will focus on developing sustainable solutions for Indore. The team will also work with the Government of Madhya Pradesh in efficient tracking and monitoring of the various programs under the Labour Department. For India@75, the IBM-CSC team will create a viable plan for community organizations to use to improve the management of water resources in the city. For Urban Health Resource Centre (UHRC), the IBM-CSC team will present ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE CSC has announced that Mike Lawrie has been appointed as President and Chief Executive Officer. Lawrie succeeds Michael W. Laphen. The CSC board of directors also announced that Rodney F. Chase, a current director on the company's board, has been appointed non-executive Chairman of the board of directors, effective upon Lawrie's start as President and CEO. Lawrie has also been appointed to CSC's board, effective immediately. Lawrie is currently Chief Executive Officer of UK-based Misys plc, a global leader of IT solutions for the financial services industry publicly traded on the London Stock Exchange. Irving W. Bailey, II, Lead Director, CSC's Board of Directors said, "We are very pleased to welcome Mike Lawrie as CSC's next president and CEO. Mike has extensive experience in managing publicly-traded global companies and a reputation for driving shareholder value and helping companies to reach their potential. CSC...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE CSC has inaugurated its 18th delivery center in India, and the second in Indore, Madhya Pradesh. The opening is said to expand CSC's footprint in the country and further enables the company to offer a wide range of services to its customers across the globe. The new state-of-the-art facility is claimed to be equipped with world class infrastructure, network, and connectivity and will offer IT services to some of the largest insurance companies in the world. It will have a seating capacity of approximately 300, while the existing facility at Indore employs around 700 professionals. The announcement builds up CSC's two recent global acquisitions of iSoft and AppLabs. The two acquisitions reinforce CSC's leadership position in emerging verticals and support the company’s multi-year strategic growth plan. Brian Manning, President & MD, CSC India said, "Indore is a strategic location for us and we are happy to launch yet anot...