1 "TAKE NO AS A QUESTION "

Tuesday, 28 October 2014

Ola confirms Series D funding of $210mn led by SoftBank


Ola confirms Series D funding of $210mn led by SoftBank


Ola, India’s most popular mobile app for cab-booking today confirmed a definitive agreement to raising $210mn (approx. INR 1260 cr.) from SoftBank Internet and Media, Inc. (SMIC) and existing investors, Tiger Global, Matrix Partners India and Steadview Capital. Ola in the last two months has launched operations across 9 new Indian cities taking its overall presence to 19 as well as new and innovative categories across existing cities. Ola is the largest cab-booking app with over 33,000 cabs on the mobile app available for customers to book from. This fresh investment led by SoftBank will further propel Ola to be an integral part of India’s transportation ecosystem across newer cities by making available an efficient, reliable and convenient option for users and service providers.
Bhavish during early days of Ola
Bhavish during early days of Ola
Masayoshi Son, Chairman and CEO of SoftBank Corp. said, “Since SoftBank’s foundation, our mission has been to contribute to people’s lives through the Information Revolution. We believe India is at a turning point in its development and have confidence that India will grow strongly over the next decade. As part of this belief, we intend to deploy significant capital in India over the next few years to support development of the market.”
Bhavish Aggarwal, Co-founder & CEO, Ola said, “We are thrilled with the pace at which we are growing. Ola is at the forefront of the mobile internet revolution in India and Softbank as an investor and a strategic partner with its global network, brings in a lot of relevant experience and knowledge of this domain. We will continue to build towards our vision of transportation as a seamless and ubiquitous service in every corner of the country and focus on the driver ecosystem to enable micro entrepreneurship and skill development at scale.”
Nikesh Arora, Vice Chairman of SoftBank and CEO of SIMI added, “India has the third largest Internet user base in the world, but a relatively small online market currently. This situation means India has, with better, faster and cheaper Internet access, a big growth potential. With today’s announcement SoftBank is contributing to the development of the infrastructure for the digital future of India. We want to support the leaders and entrepreneurs of the digital future; Bhavish is such a great leader.”
Recently, Bhavish was at TechSparks Grand Finale and he shared with us anecdotes from Ola’s journey, early days and his ambitious plans going forward. Bhavish’s focus and passion for building and growing Ola is palpable. Let’s find out what makes Ola a truly “Made in India” success story. 







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Snapdeal to raise $627 million funding from the Softbank group, enters the $1 billion funding club

Snapdeal to raise $627 million funding from the Softbank group, enters the $1 billion funding club


Financial service arm of Japanese telecommunication and internet corporation, SoftBank Internet and Media, Inc. (“SIMI”) along with Snapdeal today announced definitive agreements under which the SoftBank Group (further described below) will invest $627 million and hence become the largest investor in the ecommerce firm.
Snapdeal-softbank
Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to further strengthen its presence in India and leverage synergies with its network of Internet companies around the world. Snapdeal was founded in 2010 and has more than 25 million registered users and more than 50,000 business sellers as of now. Earlier, the company has raised $100 million in May 2014 and an undisclosed amount from Ratan Tata in August this year. With the current round, total funding raised has crossed the $1 billion mark.
Masayoshi Son, Chairman and CEO of SoftBank Corp. said,
We believe India is at a turning point in its development and have confidence that India will grow strongly over the next decade. As part of this belief, we intend to deploy significant capital in India over the next few years to support development of the market.
Softbank group has also announced an investment of $210 million in Olacabs. Both the investments comes prior to Masayoshi’s visit to India. Nikesh Arora, Vice Chairman of SoftBank Corp. and CEO of SIMI, will be joining the board of Snapdeal as part of this strategic investment by the SoftBank Group.
Nikesh commented,
India has the third-largest Internet user base in the world, but a relatively small online market currently. This situation means India has, with better, faster and cheaper Internet access, a big growth potential. With today’s announcement SoftBank is contributing to the development of the infrastructure for the digital future of India. We want to support the leaders and entrepreneurs of the digital future; Kunal and Rohit are two such great leaders.
Snapdeal has an assortment of 5 million+ products across 500+ diverse categories from various regional, national, and international brands and retailers. The ecommerce giant boasts of more than 25 million members and 50,000+ merchants, on its platform and delivers to 5000+ cities and towns in India. The company witnessed 600% growth from 2013 to 2014, with over 60% of its orders coming from mobile phones.
Kunal Bahl, Co-founder and CEO of Snapdeal said, “Our entire team at Snapdeal is thrilled and honoured to have SoftBank as a strategic partner. With the support of Son-san and Nikesh, we are confident we will further strengthen our promise to consumers and create life changing experiences for 1 million small businesses in India.”
Morrison & Foerster LLP acted as legal advisor to SoftBank, with Kochhar & Co. advising SoftBank on India law matters.


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5 tips to boost communication skills of employees

5 tips to boost communication skills of employees


3c75c3d0eca029017ad39304f5502b7eIn an increasingly competitive world, the demand for communication skills is always on the rise. Today, while organisations are focusing on hiring candidates with good communication skills, many are also building strategies to enhance communications skills of their employees to boost productivity
Employees are the driving force of an organisation. If an employee cannot communicate appropriately, it reflects badly on the company’s repute. Communication skills are an important element of a successful workplace. Most organisations are training employees on soft skills and communications. However, many companies still don’t have clarity on basic fundamentals of teaching and training employees on communication.
Asif Upadhye, chief fun officer, Never Grow Up shares few strategies that an organisation can implement to better the employees’ communication skills.
Begin with email etiquette 
What you think you write and when you write, you know what to speak. The art of writing still remains the best medium to enhance communication. While addressing an email, right from the salutation to precisely framing the subject to explaining the contextual purpose of drafting the email, the grammatical sentence structure and appropriate use of vocabulary, all play a vital role.
It is not ‘what’ you say but ‘how’ you say it 
Sometimes, non-verbal communication in terms of body language can be significant as well. Employees learn to adapt to the tone of their superiors. If you have to convey acknowledgement, let your tone be appreciative, if you need to call attention to an error, be polite yet stern. The way you emote and express will make an impression and will be subconsciously registered.
Be a good listener 
Sometimes, an employee may be good at speaking, but hesitant in coming forth to express his views, while some may genuinely need guidance. Instead of being the grammar Nazi and picking out faults in every part of the speech, take your time in building a rapport and evaluating each employee individually. Ask open ended questions and invite employees to be as elaborate as possible in their answers. 
Mandatory participation during meetings 
The person who diligently takes down notes but never utters a single word, needs to raise his voice. If not making a presentation, ensure that every meeting your employees come in a little early and take 20 seconds to briefly introduce themselves. It not only depicts that the other person listens, but it also makes them want to improve and better their own representation.
Facilitate training and workshops 
Learning has no barriers. Getting an external trainer secures a platform for your employees to open up, keeping apprehensions at bay. Not being from the organisation gives the trainer an additional benefit of interacting with his protégée as a friend more than a mentor and it allows the employee to discuss his difficulties, be more receptive to feedback and accept criticism positively to better himself voluntarily.







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5 key considerations while moving employees across functions

5 key considerations while moving employees across functions


community lifeOrganisations frequently encounter situations of employee job rotation which, if capitalised correctly, can contribute substantially to employee morale as well as the organisational productivity
By moving employees between functions, employers gain multiple business advantages. This includes, employee satisfaction through progress on the coveted aspirational path and organisational benefit resulting from a multifunctional employee who understands business better. Also, an employee who has a holistic understanding of the business is more likely to be offered a leadership role.
However, while rotating jobs, organisations need to follow a process that consolidates set guidelines which work to minimise disruption when a resource moves from one vertical to another. Manish Garg, head-India Operations, hCentive, shares 5 top guidelines for employee job rotation across successful organisations.
Employee stability and time spent in a function: A pre-emptive check to filter out unnecessary movement across verticals is determining employee stability through time spent in a function. Only when an employee has spent a substantial amount of time in the current function should he be allowed to move to a different function. Although there is no holy grail of the ‘time spent’, most organisations use 12-18 months as the appropriate time before an employee can switch.
Discussion on employee aspirations: Once an employee aspires to move across functions, he should discuss his aspirations with his reporting manager. This early phase discussion helps the reporting manager make a better decision while finding a perfect opportunity for the employee and helps the employee progress on his desired career path. Senior managers can motivate and counsel employees on their choice of selecting a different function, which in turn, would help employee to take the best decision.
Availability of position and selection process: Once the reporting manager has had a detailed discussion with the employee on his aspirations, a position that fits the bill needs to be sought. If there is a good fit available for the employee in the desired functional role, movement to new project should be based on defined selection process where skill evaluation and fitment in the new role/project would be taken into consideration. Hiring manager should take the final call on selection.
Employee dependency checks in current project: Employee dependency in the current role is another factor that needs to be considered and mitigated. In case of critical dependency in the existing project, longer periods may be needed for releasing the employee. The transition period should also factor in the time needed for knowledge transfer to the replacement resource.
Resource management group: In the entire process, the Resource Management Group (RMG) will function as the owner. Due to the number of stakeholders involved and the traffic of communication between various parties, the RMG is best placed for ownership to avoid any communication gaps between stakeholders. Their presence in the process will ensure that employee aspirations are fulfilled without impacting employee morale and the business.







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5 strategies to tackle the ‘biggest weakness’ interview question

5 strategies to tackle the ‘biggest weakness’ interview question


Screen-Shot-2014-09-18-at-11.23.32-AMManash K Baruah, general manager-corporate HR, STEER Engineering talks about interesting strategies that candidates can explore to answer one of the most tricky interview questions of stating their ‘biggest weakness’
When asked to state the biggest weakness during a job interview, even seasoned jobseekers often wince. The reason being, this is a tricky question to navigate. A wrongly put answer might even disqualify a candidate from being considered for the job role
In a recent interaction, Manash K Baruah, general manager-corporate HR, STEER Engineering shared interesting strategies for candidates to tackle this question.
  • Do not have any weakness
While framing this answer, refrain from presenting yourself as a ‘perfectionist’. Nobody is perfect. You know it and so does the interviewer. They wouldn’t ask this question if they didn’t expect you to answer it. If you say you do not have any weakness, employers might assume that you are exaggerating to get the job or that you are simply not self-aware enough.
  • An exaggerated strength
Talk about an exaggerated strength and put an interesting twist to it. An example of this is, ‘My initiative is so strong that sometimes I take on too many projects at a time.’ This answer starts with a key area that employers are looking out for, which is the ability to take initiatives, but at the same time you are acknowledging that you do have a weakness.
Although you might consider this acknowledgement too honest, it works because it proves you’re being honest. Plus, employers are looking at hiring multi-taskers who can do more with less.
  • Refer to a less-important weakness
All weaknesses are not created equal. Some will go further in determining whether or not you get hired. One of the ways to answer this question is by focusing on something that is not a core skill required for the said position.
For example, as a graphic designer, your presentation skills may not be very important for the position itself. However, admitting that you’ve been working on upgrading your writing skills can be viewed by employers as a sign of self-improvement and can go very well with them.
  • A positive spin to drawbacks
Do not offer an answer that shows a lack of motivation. If you state that you are lazy or a procrastinator, red flags will immediately go up with the employers.
Every cloud does have a silver lining and in this case, if you look carefully, every negative trait has a positive aspect to it. That being the case, you can always answer the question by putting a positive spin to your negative trait.
For example, if you are not a very detail-oriented person, you could say, “I have always been a ‘big picture’ thinker and have to admit that I sometimes miss the smaller details. That is why I always have somebody on my team who is detail-oriented.”
  • Improving past weaknesses
Rather than demonstrating how you are learning to deal with your weakness, why not share with the employer how you overcame a previous weakness? For example, talk about instances such as how public speaking used to send chills down your spine in your younger years? Maybe a drama class or a communications class allowed you to overcome your fear of speaking in front of a large number of people.







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Facebook encourages teens to eat more junk food: Study


Facebook encourages teens to eat more junk food: Study



Facebook encourages teens to eat more junk food: Study
If your growing kid cannot think beyond junk food like burgers or pizza to satiate his/her hunger pangs, blame Facebook.

SYDNEY: If your growing kid cannot think beyond junk food like burgers or pizza to satiate his/her hunger pangs, blame Facebook.

According to a study, social media websites are significantly contributing towards marketing junk food to teenagers.

Researchers from the University of Sydney in Australia analysed how food that was nutritionally poor was marketed on social media sites and focused on the audience that was most likely to be engaged with marketing of this kind.

They looked at the Facebook pages of 27 high-ranked food and beverage brands.

They found that companies that sold foods that are poor in nutrients and energy-dense, attracted young adults and teenagers on social media sites.

The study also revealed that company content was being shared increasingly by those Facebook users who had high engagement with unhealthy food firms.

"The engagement from Facebook users was high when these food companies ran contests or competitions or associated their products with positive events," said lead researcher Becky Freeman.

By using the interactive and social aspects of Facebook to market products, energy-dense and nutrient-poor food brands capitalise on users' social networks and magnify the reach and personal relevance of their marketing messages, the researchers concluded.

The study was published in the American Journal of Public Health.







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A device that tells how drunk you are


A device that tells how drunk you are



A device that tells how drunk you are
If users record scores higher than the recommended level, the app triggers a 'get home safe' screen.

NEW YORK: A device has been launched that lets drivers find out if they are intoxicated before they are nabbed by cops. Named Breeze, the 2.25-inch-long wireless device pairs via Bluetooth to a smartphone app.

The iOS version of Breeze syncs with Apple's new HealthKit platform, which allows consumers to catalogue their blood-alchohol level.

If users record scores higher than the recommended level, the app triggers a 'get home safe' screen.

Breeze also provides drunk users with the option to search for cabs and uses phone book contacts to let them phone a friend in case they need a ride.

It also provides an option to search for hotels and restaurants, where they can sober up with caffeine and food, the San Francisco Chronicle reported.

"This is really about consumer awareness and being able to make the right decision and learn more about yourself," said Brian Sturdivant, vice president (marketing) of the California-based startup Burglinghame that created the device.

The device is available for both iOS and Android cell phones for $100.







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When iPhones ring, the economy listens


When iPhones ring, the economy listens



When iPhones ring, the economy listens
Since September 19, when the iPhone 6 and its larger sibling, the iPhone 6 Plus, went on sale, consumers have been ordering the gadgets faster than Apple can deliver them. 

Gloomy economic news and the wild swings of the stock market may be getting you down. But at least you can count on this: We've entered the sweet spot of the iPhone cycle.

Since September 19, when the iPhone 6 and its larger sibling, the iPhone 6 Plus, went on sale, consumers have been ordering the gadgets faster than Apple can deliver them. The ripple effects are being felt throughout the economy, and these phones have been moving the stock market.

"The iPhone is having a measurable impact," said Michael Feroli, chief US economist for JPMorgan Chase. "It's a little gadget, but it costs a lot, and it seems that everybody has one. When you do the multiplication, it's going to matter." He estimates that iPhone sales are adding one-quarter to one-third of a percentage point to the annualized growth rate of the gross domestic product.

You may not think of the iPhone as a financial powerhouse. After all, it's just a consumer good — albeit a highly functional, high-end one that you can carry in your pocket or your purse. Sales typically surge every two years when, as now, Apple does a major iPhone upgrade. You may have the warm and personal relationship with the iPhone that Timothy Cook, Apple's chief executive, described on Monday to Wall Street analysts during a conference call. Apple's next three months will be "incredibly strong," he said. And he spoke enthusiastically about the principal reason for this performance: "These iPhones are the best we have ever created, and customers absolutely love them."

Whether you love them or not, though, it's a good moment to recognize their significance as a financial force.

The iPhone's financial impact starts, of course, with Apple, which is reaping enormous profit from it. As the company disclosed in data embedded in a Securities and Exchange Commission filing Monday, Apple has been selling a broad mix of iPhone models at an average price of $603.

That's not remotely close to the "starting price of $199" that Apple advertises, as I wrote last month. The full price is embedded in service agreements that many customers in the United States reach with phone carriers. And many of those carriers are stating that full price quite openly. The real starting price for a new, basic iPhone is $649, and models with more memory and bigger screens cost much more.

This price structure is lucrative for Apple. "The cost of building a basic phone has stayed at about $200 for years," said Andrew Rassweiler, senior director for cost benchmarking services, at IHS Technology.

That estimate doesn't include many expenses, like research and marketing costs. But it's a rough guidepost, and it helps explain how, as Apple disclosed in a court filing two years ago, its profit margins for the iPhone are roughly double those for iPads, which tend to be priced more cheaply.

Toni Sacconaghi, an analyst at Sanford C Bernstein, says the gross profit margin for the iPhone is close to 50%. Because the iPhone is Apple's most popular product — with more than 39 million sold in the last quarter — it accounts for a disproportionately large percentage of Apple's overall profit, somewhere between 60 and 70%, Sacconaghi said.

"Apple is now so big that it takes a lot to make it grow appreciably," Sacconaghi said. Apple is producing an impressive, interrelated ecosystem of products and services, including its forthcoming digital watches, its new digital payment system, its revived Mac line, refreshed iPads and new software operating systems. Even if all of its ventures succeed, none are likely in the next year or two to rival the financial impact of the iPhone. "The iPhone is the core of Apple right now," he said.

In a sense, the iPhone is the core of the stock market, as well. Apple is the biggest company, by market capitalization, in the world. Apple accounts for about 3.5% of the weighting of the Standard & Poor's 500-stock index. And, through Thursday, because its stock has performed magnificently while the overall market has not, Apple accounted for 18% of the entire rise of the Standard & Poor's 500 index this year, according to calculations by Paul Hickey, co-founder of the Bespoke Investment Group. And the engine driving Apple shares is the iPhone.

"The market is obviously counting on another strong sales performance for the new iPhone," he said. So far, it's getting that performance. And, he said, Apple's invigorating effect is likely to continue.

Because the iPhone is made mainly overseas and sold worldwide, it is stimulating the economy in other regions, particular in East Asia, Feroli observed, and it keeps a substantial amount of its cash abroad. Such factors make it harder to assess the company's impact domestically.

"It's not like GM having a great quarter," Feroli said. "It doesn't translate directly into employment in the United States. It's a more complex world today, and, in that sense, Apple is representative of that world."

Apple, though, is having a powerful impact in the United States. Last month, for example, electronic and consumer appliance store sales jumped 3.4% while clothing sales fell 1.2%, according to Commerce Department figures. "People are buying iPhones, partly as a status symbol," Feroli said. "They're not buying as much clothing."

Even people who don't buy iPhones and don't own Apple shares have a stake in the company. I don't own any Apple stock, for example, but I do have a stake indirectly through my 401(k) account. That's because mutual funds in my portfolio own Apple shares as their biggest holdings. Nearly every pension fund holds some stock, and these days, there's a good chance the biggest holding is Apple. And the most important financial lever at Apple is the iPhone.

All of that helps explain why Apple is such a formidable force, especially at this stage in its product cycle. And as the holiday-shopping season approaches, and iPhones keep flying off the shelves, Apple may well keep moving the world.







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Something new at IBM, though it feels familiar



Something new at IBM, though it feels familiar



Something new at IBM, though it feels familiar
BM this year is still expected to generate profit of $16 billion. That is about $3 billion less than last year, but this remains a company that is producing immense profit.

AM Sacconaghi of Bernstein Research asked the money question during a conference call hosted by IBM last week: "Is there a crisis at IBM?"

The reply from Virginia M Rometty, IBM's chief executive, was by turns measured and impassioned. The technology industry, she said, was going through a period of "unprecedented change," but IBM was taking a "series of very bold actions" to successfully navigate the transition in the long term, despite the company's financial setback in the third quarter.

"We've got to reinvent ourselves," Rometty said, "as we've done in previous generations."

The big reinvention, of course, came in the 1990s. Early in that decade, the profitability of IBM's mainframe business was collapsing and the company was in a tailspin, before it turned itself around.

Last week's earnings surprise has prompted comparisons with IBM's predicament of two decades ago. The situation, in fact, is significantly different in most respects. In 1993, when Louis V Gerstner Jr was brought in as the first outsider to head IBM, the company was in dire financial straits. By contrast, IBM this year is still expected to generate profit of $16 billion. That is about $3 billion less than last year, but this remains a company that is producing immense profit.

My colleague Andrew Ross Sorkin wrote a column last week looking at IBM's sizable stock buyback programme. The theme that IBM's profit performance relies as much on financial engineering as on computer engineering has been around for a long time, back to the Gerstner era. And it is a fair comment. The buyback programme started under Gerstner, picked up under his successor, Samuel J Palmisano, who became chief executive in 2002, and accelerated further under Rometty. In the five years before Rometty became chief executive in 2012, IBM bought an average of 4.5% of its shares a year. In her tenure, that percentage has climbed to 6.5%.

So IBM has relied increasingly on share buybacks to hit its earnings-per-share targets. But the notion that IBM has mortgaged its future to do so is a hard case to make. The evidence is notably thin. IBM's spending on research and development as a share of revenue is 6 percent, the same share as it was in 2000.

Some on Wall Street have suggested that if IBM was not buying back its shares, it could have made a big "transformative" acquisition instead of the many smaller ones that IBM then grafted onto its software and services businesses. The most comparable technology company to IBM is Hewlett-Packard. HP has made big corporate purchases over the years, including Compaq, EDS and Autonomy. The track record clearly favors IBM's more disciplined approach.

Under Rometty, IBM has made multibillion-dollar investments in fields that are growing rapidly, including data analytics, cloud computing and its Watson artificial intelligence technology. Last Monday, Rometty insisted: "The strategy is correct. Now it's our speed of execution that needs to improve."

In a report, Sacconaghi wrote, "While undernourishing for some, 'stay the course' and a focus on its organic growth initiatives (big data, Watson, SoftLayer) is probably the right move, but it squarely places IBM in the 'show me story' camp." (SoftLayer is the cloud computing company IBM bought last year for $2 billion, and IBM is investing an additional $1.2 billion to build more cloud data centers around the world.)

Rometty is certainly correct that speed is the issue for IBM. The company's new businesses are growing rapidly, but they are not yet large enough to make up for the erosion of the profitability of its traditional software, services and hardware lines. And the new businesses like cloud computing and delivering software over the internet as a service are threatening the lucrative old ones.

In enterprise technology, the new things do not ordinarily displace the old products altogether. They are partial substitutes and enough of an alternative to alter the economics of the old business. PC-style, microprocessor-based computers did not replace mainframes. In fact, today's mainframes are doing more computer processing than ever, but they are no longer the money machines they once were. Prices dropped and the economics of the business changed.

That is what happened in the 1990s, and IBM responded by moving to the higher-profit ground of software and services. Now, cloud computing appears to present a similar challenge to IBM's traditional software business and parts of its services business, like maintaining and updating software applications for corporate customers.

The same forces, to be sure, are threatening all the established suppliers of computing technology to corporations. But that doesn't lessen the challenge for IBM. And seeing the issue clearly does not necessarily carry over to solving it.

If today bears little resemblance to 1993 for IBM, what about some years before the full-blown crisis hit? John F Akers, who died this year, was the chief executive who was succeeded by Gerstner. In 1985, my colleague David E Sanger wrote an article for The New York Times Magazine on Akers' efforts to overhaul IBM. In it, Akers declared, "In the last three or four years, we have literally turned the company upside down."

IBM is a very different corporate culture today, in part because of the company's near-death experience in the 1990s. It should be far easier for Rometty to accelerate the "speed of execution," as she put it. Still, there are echoes of the past in the job she faces.






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Xiaomi plans to set up data centre in India



Xiaomi plans to set up data centre in India



Xiaomi plans to set up data centre in India
Xiaomi Inc said that it plans to set up a data centre in India next year to store local user data. 

MUMBAI: Chinese smartphone maker Xiaomi Inc said that it plans to set up a data centre in India next year to store local user data, as the fast-growing company seeks to deflect concerns about privacy that could hamper its efforts to expand overseas.

The move by privately-owned Xiaomi comes after it said last week saying it was migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.

Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, entered India this year with plans to invest heavily to secure rapid growth in the world's third-largest smartphone market.

It sells its phones in India via Flipkart.com, the country's biggest online retailer, and said last month it planned to sell 100,000 phones a week in the country in October.

On Monday, Xiaomi said it had been moving Indian users' data from its Beijing data centre to data centres of Amazon Web Services, the cloud computing platform of the online retailer Amazon.com Inc, in Singapore and the United States since early 2014. It said that process would be completed by the end of the year.

Xiaomi has faced several privacy controversies, including accusations from international security researchers and a government agency in Taiwan that it funnels unauthorized user data back to its servers in Beijing. Indian media reported last week that the country's air force had issued alerts to its personnel and their families against using Xiaomi phones on security concerns.

The Chinese company said it was attempting to contact Indian authorities for more details on local media reports, adding that it did not collect user data without permission.






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How Facebook is changing the way you read news


How Facebook is changing the way you read news



How Facebook is changing the way you read news
Facebook drives up to 20% of traffic to news sites, according to figures from the analytics company SimpleReach. 

MENLO PARK, California: Many of the people who read this article will do so because Greg Marra, 26, a Facebook engineer, calculated that it was the kind of thing they might enjoy.

Marra's team designs the code that drives Facebook's News Feed — the stream of updates, photographs, videos and stories that users see. He is also fast becoming one of the most influential people in the news business.

Facebook now has a fifth of the world — about 1.3 billion people — logging on at least monthly. It drives up to 20% of traffic to news sites, according to figures from the analytics company SimpleReach. On mobile devices, the fastest-growing source of readers, the percentage is even higher, SimpleReach says, and continues to increase.

The social media company is increasingly becoming to the news business what Amazon is to book publishing — a behemoth that provides access to hundreds of millions of consumers and wields enormous power. About 30% of adults in the United States get their news on Facebook, according to a study from the Pew Research Center. The fortunes of a news site, in short, can rise or fall depending on how it performs in Facebook's News Feed.

Though other services, like Twitter and Google News, can also exert a large influence, Facebook is at the forefront of a fundamental change in how people consume journalism. Most readers now come to it not through the print editions of newspapers and magazines or their home pages online, but through social media and search engines driven by an algorithm, a mathematical formula that predicts what users might want to read.

It is a world of fragments, filtered by code and delivered on demand. For news organizations, said Cory Haik, senior editor for digital news at The Washington Post, the shift represents "the great unbundling" of journalism. Just as the music industry has moved largely from selling albums to songs bought instantly online, publishers are increasingly reaching readers through individual pieces rather than complete editions of newspapers or magazines. A publication's home page, said Edward Kim, a co-founder of SimpleReach, will soon be important more as an advertisement of its brand than as a destination for readers.

"People won't type in WashingtonPost.com anymore," Haik said. "It's search and social."

The shift raises questions about the ability of computers to curate news, a role traditionally played by editors. It also has broader implications for the way people consume information, and thus how they see the world.

In an interview at Facebook's sprawling headquarters here, which has a giant, self-driving golf cart that takes workers between buildings, Marra said he does not think too much about his impact on journalism.

"We try to explicitly view ourselves as not editors," he said. "We don't want to have editorial judgment over the content that's in your feed. You've made your friends, you've connected to the pages that you want to connect to and you're the best decider for the things that you care about."

In Facebook's work on its users' news feeds, Marra said, "we're saying 'We think that of all the stuff you've connected yourself to, this is the stuff you'd be most interested in reading.'"

Roughly once a week, he and his team of about 16 adjust the complex computer code that decides what to show a user when he or she first logs on to Facebook. The code is based on "thousands and thousands" of metrics, Marra said, including what device a user is on, how many comments or likes a story has received and how long readers spend on an article.

The goal is to identify what users most enjoy, and its results vary around the world. In India, he said, people tend to share what the company calls the ABCDs: Astrology, Bollywood, cricket and divinity.

If Facebook's algorithm smiles on a publisher, the rewards, in terms of traffic, can be enormous. If Marra and his team decide that users do not enjoy certain things, such as teaser headlines that lure readers to click through to get all the information, it can mean ruin. When Facebook made changes to its algorithm in February to emphasize higher-quality content, several viral sites that had thrived there, including Upworthy, Distractify and Elite Daily, saw large declines in their traffic.

Facebook executives frame the company's relationship with publishers as mutually beneficial: When publishers promote their content on Facebook, its users have more engaging material to read, and the publishers get increased traffic driven to their sites. Numerous publications, including The New York Times, have met with Facebook officials to discuss how to improve their referral traffic.

The increased traffic can potentially mean that the publisher can increase its advertising rates or convert some of those new readers into subscribers.

Social media companies like Facebook, Twitter and LinkedIn want their users to spend more time, or do more, on their services — a concept known as engagement, said Sean Munson, an assistant professor at the University of Washington who studies the intersection of technology and behavior.

Facebook officials say that the more time users spend at its site, the more likely there will be a robust exchange of diverse viewpoints and ideas shared online. Others fear that users will create their own echo chambers, and filter out coverage they do not agree with. "And that," Munson said, "is when you get conspiracy theories."

Ben Smith, editor-in-chief of BuzzFeed, a news and entertainment site, said his rule for writing and reporting in a fragmented age is simple: "no filler." News organizations that still publish a print edition, he said, have slots — physical holes on paper or virtual ones on a home page — that result in the publication of stories that are not necessarily the most interesting or timely, but are required to fill the space. It was partly to discourage such slot-filling that BuzzFeed did not focus on its home page when it first started, he said.

Kim of SimpleReach said he advises established media companies that "it's dangerous to start chasing social. You'll end up like everyone else, and you'll lose your differentiation." The question that older publications that are not "digital natives" like BuzzFeed have to ask themselves, Kim said, is "Are you creating content for the way that content is consumed in this environment?"

Haik, the Washington Post digital editor, is leading a team, started this year, that aims to deliver different versions of The Post's journalism to different people, based on information about how they have come to an article, which device they are on and even, if it is a phone, which way they are holding it.

"We're asking if there's a different kind of storytelling, not just an ideal presentation," she said. For instance, she said, people reading The Post on a mobile phone during the day, will probably want a different kind of reading experience than those who are on a Wi-Fi connection at home in the evening.

The Post is devoting time and energy into such efforts, Haik said, because it is "ultimately about sustaining our business or growing our audience." More than half of its mobile readers, she said, are millennials who consume news digitally and largely through social media sites like Facebook.

Some publications have found a niche in taking the opposite approach. The Browser is edited by Robert Cottrell, a former journalist at The Financial Times and The Economist. Cottrell skims about 1,000 articles a day, he said, and then publishes five or six that he finds interesting for about 7,000 subscribers who pay $20 a year. A recent selection included the life of an early-20th-century American bricklayer and a study of great Eastern philosophers.

"The general idea is to offer a few pieces each day which we think are both enjoyable and of lasting value," Cottrell said. "We're certainly at the other end of the process from the algorithms."

Artificial intelligence, he said, may eventually be able to find a piece of writing moving, in some sense, and want to share it. But for the moment, computers rely on information gathered online "and that is going to be a very, very impoverished data set compared to a human being."

Marra, the Facebook engineer, agrees that a human editor for each individual would be ideal. "But it's not realistic to do that at scale for every person on the planet," he said, "and so I think we'll always have these hybrid systems like News Feed that are helping you find the things that you care about." It is simply, he said, "a personalized newspaper."







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Nokia 130 feature phone launched at Rs 1,649


Nokia 130 feature phone launched at Rs 1,649



Nokia 130 feature phone launched at Rs 1,649
The new Nokia 130 mobile phone has a 1.8-inch colour display, promises standby time of up to 36 days.

NEW DELHI: Microsoft Devices has launched its entry-level dual-sim feature phone Nokia 130, having built-in music player with up to 46 hours continuous playback on a single charge, for Rs 1,649 in India.

"The Nokia 130 is a perfect device for consumers who are looking for their first mobile phone, or for those looking for a rock-solid backup phone to use alongside their smartphone," Nokia India Sales marketing director Raghuvesh Sarup said in a statement. Nokia India Sales is subsidiary of Microsoft Mobile Oy.

The new Nokia 130 mobile phone has a 1.8-inch colour display, promises standby time of up to 36 days. Nokia claims this phone can offer 13 hours talk time on 2G network and 16 hours video playback on one time full battery charge.

The phone has the ability to store up to 6,000 songs on a 32GB memory card. It also comes with Bluetooth-enabled application and USB connectivity for sharing files.







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Monday, 27 October 2014

6 things to avoid on your first meeting


6 things to avoid on your first meeting



6 things to avoid on your first meeting
6 things to avoid on your first meeting

Have you been on a few dates? Not working out? Perhaps you're being too picky?

Whether you're willing to admit it or not, we humans are very judgmental when it comes to love - on everything from looks, to the way people eat and even their teeth. And when it comes to first dates, while we can forgive and forget an awkward silence or sweaty palm, there are some things we just can't get over.

Talking about the ex: First dates are about getting to know each other and finding out if you've got chemistry going on. Don't ruin it by obsessing over your ex. It will sound like you're not over your past relationship and make you look dull and confused instead. So, if you're asked about your past partner, keep it brief and don't delve into details that the other person doesn't need to know.

Tardiness: Its fine to be 'fashionably late' if you're a girl. But if you're a guy, that's a clear no-no. Be punctual and dress to the occasion. If you're in doubt, smart casuals always do the trick and help simplifying things. Also, it is important that you smell good. There's no bigger turn-off than body odour on the first date. Also, memories are linked to smell, so remember to smell amazing.

Drinking too much: This is especially bad if you're the only one drinking. If you're both on the wine, pace yourself between drinks. While it is easy to drink when you're feeling nervous, over-doing it will only lead to self-destruction and a hazy memory of a bad date.

Arrogance: Do you like to hear someone go on and on about how amazing their job is or how many cars they own? No one wants a lover that's cocky and pompous. So don't expose the other person to a similar scenario. For guys, try being better listeners instead.

Sitting on your phone: It's fine to keep your phone at the dinner table if you're at a family dinner, but texting away on a first date is a definite no-no. It goes to show that you can't give all your attention to your date and would rather be interested in other things.

Bad table manners: Anything along the lines of talking with your mouth full of food, holding your cutlery like a pencil and causing a scene over splitting the bill is an instant put off and will not get you a second date.







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Desi companies beat Facebook in 'Swachh' apps race


Desi companies beat Facebook in 'Swachh' apps race



Desi companies beat Facebook in 'Swachh' apps race
The web is already flooded with a clutch of such free apps, all available on the Android Play Store. One of them promises to map the efficacy of local initiatives; another app marks out a city’s debris hotspots.
NEW DELHI: Facebook CEO Mark Zuckerberg may have promised to help the government create a "Swachh Bharat" or "Clean India" app but local entrepreneurs seem to have beaten him to the game. The web is already flooded with a clutch of such free apps, all available on the Android Play Store. One of them promises to map the efficacy of local initiatives; another app marks out a city's debris hotspots.

Nearly all are called by some variation of Swachh Bharat. Swachh Bharat by Abhipray Foundation, the description on the Google play store says, it was "created for the Delhi BJP team to record and monitor the progress of its councillors, MLAs and MPs on the Swachh Bharat initiative by the government of India." Another one called "Swachh Bharat Swachh Bengaluru" by Zoomin Softech marks litter spots in the Garden City on a map. The description says it will soon be extended to the rest of Karnataka.

"Swachh Bharat - Clean India" by one Mahek M Shah also does the same, and comes with a Twitter integration. One "Swach Bharath swachbharath.in" does something similar, except it comes with video support too. It requires one to register with a phone number before posting details of areas that need cleaning, or areas they have cleaned. Tap the option "I cleaned my India" and you are prompted to share before and after pictures.

Latest among these is "I Clean India - Swachh Bharat", by a Delhi-based startup Social Cops. Launched on Diwali, it already has an operational linkage with the Bangalore municipal corporation. On the Android app, one can share and geo-tag (mark on a map) pictures of unclean areas. These can then be used to invite Facebook friends or Twitter contacts through the app itself for a "spotfix" or a clean-up.

"A lot of cleanliness drives have been happening all over the country and there are people who want to know how they can pitch in. These drives have to be made sustainable and not just reduced to hype-creating exercises," says Prukalpa Sankar, one of the co-founders of Social Cops, that has earlier worked on apps for volunteers and civic agencies to monitor mid day meal scheme in Bangalore schools, public toilets in Delhi and streetlights in Ranchi.

While already working with the municipal corporation in Bangalore for their Clean India app, they are also planning to rope in municipal corporations from other cities to feed them with the data they collect. "We want this data to go to the municipal corporations as well and are already in talks with a few government officials to arrange the same," says the 22-year-old, whose startup raised $320,000 (nearly Rs 2 crore) in seed funding earlier this year.

The Swachha Bharat campaign was launched by Prime Minister Narendra Modi on Gandhi Jayanti. Since the announcement, many have posted pictures of themselves cleaning up their neighbourhoods. Eminent personalities like Salman Khan, Anil Ambani, and Omar Abdullah have taken up the task a la the Ice Bucket Challenge after being nominated to clean their areas.

As for Zuckerberg's promise, Sankar says she has "nothing against him". "We'd be happy to work with him. And the motto right now is Make In India, right? Why can't an Indian company solve Indian problems?" she asks.







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AT&T defeats the whole purpose of Apple SIM


AT&T defeats the whole purpose of Apple SIM



AT&T defeats the whole purpose of Apple SIM
AT&T has ensured that users who sign up for one of its plans using the Apple SIM won't be able to switch to a different carrier on the same device without ponying up for a new sim.

Despite the lack of heraldry that accompanied it, Apple SIM was one of the coolest new things Apple announced alongside iPad Air 2 and iPad mini 3 this month.

So it's too bad that AT&T is ruining iPad Air 2 users' Apple SIMs the second they're activated with the US carrier's network, as MacRumors reported.



Apple SIM is supposed to let users choose short-term plans from a variety of carriers directly from their shiny new LTE-enabled iPads.

The idea is that you can switch between plans and carriers basically at will, which is especially helpful for users who travel frequently and/or are repelled by commitment.

Get off my lawn



But AT&T has ensured that users who sign up for one of its plans using the Apple SIM won't be able to switch to a different carrier on the same device without ponying up for a new sim, which entirely defeats the purpose of Apple's latest innovation.

The carrier's party-crashing first came to light on Twitter, and Apple later confirmed it. An AT&T spokesperson then told Re/code that "it's just simply the way we've chosen to do it."

AT&T just became the dude who arrives at the party, flips on all the lights and plugs in his own tunes, to everyone else's chagrin. Currently Sprint, T-Mobile and UK carrier EE also support Apple SIM, and none of them have chosen to be "that carrier."







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Samsung Galaxy Mega 2 launched at Rs 20,900


Samsung Galaxy Mega 2 launched at Rs 20,900



Samsung Galaxy Mega 2 launched at Rs 20,900
The new Samsung Galaxy Mega has a 6-inch screen with 720p resolution and runs on Android 4.4 (KitKat).

NEW DELHI: Samsung has launched its biggest smartphone of the year, named Galaxy Mega 2, in the Indian market. This model replaces last year's Galaxy Mega 6.3 and Galaxy Mega 5.8 in the South Korean manufacturer's portfolio and costs Rs 20,900.

The new Samsung Galaxy Mega has a 6-inch screen with 720p resolution and runs on Android 4.4 (KitKat). It has a 1.2GHz quad-core processor, but the Samsung website does not mention which company's chipset it has used. The phablet has 1.5GB RAM and comes with 8GB internal storage, with microSD support up to 64GB.

On the back of Samsung Galaxy Mega 2 is an 8MP rear camera, while a 5MP camera is positioned in the front. Connectivity suite of the phablet is consists of 2G, 3G, Wi-Fi, Bluetooth 4.0 and microUSB 2.0. The device is powered by a 2,800mAh battery.

At approximately Rs 21,000, Samsung Galaxy Mega 2 competes against the likes of HTC Desire 816, Nokia Lumia 1320 and Sony Xperia T2 Ultra.







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TCS sees digital services as over $5 bn opportunity



TCS sees digital services as over $5 bn opportunity



TCS sees digital services as over $5 bn opportunity
Tata Consultancy Services (TCS) expects digital platforms like cloud, Big Data and mobility solutions to bring in cumulative revenues of over  $5 billion.
NEW DELHI: Country's largest IT services firm Tata Consultancy Services (TCS) expects digital platforms like cloud, Big Data and mobility solutions to bring in cumulative revenues of over $5 billion in next few years.
Earlier, the Mumbai-based firm had said that it expects to do $5 billion cumulative business over the next three to four years from the "digital opportunity".
"The way to look at it is that, when I originally said it, I said that over the next three to four years we will do USD 5 billion cumulative. But now, I think we will do much more than that on a cumulative basis," TCS CEO and Managing Director N Chandrasekaran told analysts.
The run rate will not touch the USD 5 billion mark but it will definitely touch a few billion dollars, he added.
He said the opportunity is huge as most of the ADM work that is getting replaced or rationalised is moving into digital.
"Most of the infrastructure contracts come up with outsourcing of infrastructure to maintain the service levels in a managed services model, but with a transformation component to move to cloud infrastructure," he said.
And commoditised applications, when they are transitioned, customers are willing to look at application platforms which are cloud-based, he added.
"So, all these three facts will definitely move things to Digital," he said.
Chandrasekaran, who recently got a five-year extension, said at the announcement of the firm's second quarter results that TCS is contemplating whether to disclose numbers from the digital technologies stream.
For the July-September quarter, the Mumbai-based company posted 13.2% jump in its net profit at Rs 5,244 crore as against Rs 4,653.9 crore in the year-ago period.
Revenue jumped 13.5% to Rs 23,816 crore in the second quarter ended September 30 as compared to Rs 20,977 crore in the corresponding period of last year.
However, on a quarter-on-quarter basis, net profit was down by 5.8%, but revenue grew 7.7%.






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