Chip-maker Intel registered $16.5 billion in net sales for the second quarter (Q2) of 2019 $900 million higher than its April guidance but 3 percent down year-over-year (YoY) with net income of $4.2 billion.
As US government regulators act tough on tech giants over privacy violations and anti-trust activities, Amazon and Facebook spent the maximum in lobbying – around $4 million each – in the second quarter (Q2) this year.
First things first. Before you conjure up irrelevant perceptions around the name, Happiest Minds is no charity or a medical company. It is a Bengaluru-based IT services firm founded by former Mindtree Chairman Ashok Soota. Started about eight years ago with the aim of putting “people” at the center of everything and creating a happy atmosphere for its clients, Happiest Minds reported record profitability in the 2019 financial year with organic growth of 16 percent and the company gives some of the credit for its rise to IBM Cloud. In its digital business services, IBM Cloud has powered the company’s Digital mCaaS (managed content as a service) platform through which it launched a new software-as-a-service (SaaS) business product for its clients globally.
After the International Business Machines Corp. (IBM) completed the acquisition of Red Hat for $34 billion earlier this month, a top executive from the iconic software company with an open-source development model has said that it was a “match made in heaven” that will help it accelerate growth globally, including in India. In India, Red Hat, which specializes in Linux operating systems, has engineering facilities in Pune and Bengaluru.
Chennai-based security researcher Laxman Muthiyah has won $30,000 as a part of a bug bounty programme after he spotted a flaw in Facebook-owned photo-sharing app Instagram.
Facebook and T-Hub, a Telangana government’s incubator for startups, July 17 announced the list of ten selected startups for the second edition of their programme “India Innovation Accelerator.”
Wipro CFO Jatin Dalal, President and COO B.M. Bhanumurthy, CEO Abidali Neemuchwala and Chief Human Resources Officer Saurabh Govil during a press conference where the company announced financial results for the first quarter (Q1) of fiscal 2019-20, in Bengaluru on July 17, 2019.
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