Tag: services
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Japan’s corporate services inflation accelerates in July
TOKYO, Aug 26 : A key gauge of Japan’s service-sector inflation rose 3.6 per cent in July from a year earlier, data showed on Wednesday, reinforcing the central bank’s view that a tight labour market is pushing firms to pass rising costs on to consumers.The increase in the services producer price index, which
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AI reshapes India’s IT services sector contracts as clients demand more for less
BENGALURU, August 21 : Artificial intelligence promised to disrupt India’s IT industry and it is delivering.Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as client
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WhatsApp, Telegram and other messaging services face new anti-scam rules in Singapore
The measures are part of a series of new and enhanced “codes of practice” issued by the Online Criminal Harms Act Office to guard against scams and malicious cyber activities, with the others covering social media platforms and e-commerce services.
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Unconstitutional? German intelligence to receive more powers
German intelligence agencies have been calling for more powers in the fight against cyberattacks, terrorism and extremism. Now the government has given the go. Critics warn that red lines are being crossed.
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Germany: More power for the intelligence agencies
German intelligence agencies have been calling for more powers in the fight against cyberattacks, terrorism and extremism. Now the government has given the go. Critics warn that red lines are being crossed.
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EPAM cuts annual revenue forecast on weak software services demand, shares fall
Aug 6 : EPAM Systems on Thursday cut its annual revenue forecast, indicating slowing demand for its software services and sending its shares down more than 18 per cent.The company provides a wide range of IT services including consulting, cloud and AI transformation and software engineering.Here are so
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Axon posts lower quarterly gross margin on higher mix of services, new product scaling
Aug 5 : TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings. Shares of the Scottsdale, Arizona-based company fell more than 6 per cent in aftermarket trading followin
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Japan’s services growth slows amid cost pressures, PMI shows
TOKYO, Aug 5 : Japan’s services sector expanded at a slower pace in July as demand weakened and firms grappled with intense cost pressures, leading to the hottest inflation in selling prices since April 2014, a private survey showed.The S&P Global final Japan Services Purchasing Managers’ Index (PMI) fell to
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Artificial intelligence: Why firms are struggling to set prices
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
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Cognizant lifts annual profit forecast on strong financial services growth
July 29 : Cognizant Technology on Wednesday raised its annual adjusted profit forecast after recording strong growth in its financial services business and continued operating margin expansion in the second quarter, even as enterprises remained cautious about discretionary spending. Shares of the company wer
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