Industry news

Having recently been selected to drive the modernisation of Lloyd’s of London, DXC Technology has now been awarded a significant contract extension in respect of the services it provides in support of the London insurance market.

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Danish roof window manufacturer, VELUX, has signed “an end-to-end IT services transformation agreement” with HCL Technologies.

HCL will create and deliver a cloud-first, user-centric digital transformation programme that will enable VELUX to modernize its application and infrastructure estate. With increased agility and efficiency – and the ability to scale – VELUX intends to create greater innovation and IT excellence within its organisation.

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DXC Technology announced its latest annual results yesterday, reflecting improved profitability despite the company’s continuing revenue declines. During last night’s earning’s call, CEO Mike Salvino, cited currency fluctuations and the conflict in the Ukraine as key factors in DXC missing its Q4 targets and also reflected on the vendor hurriedly exiting its operations in Russia.

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KPMG has unveiled plans to increase the number of technologists it employs in this country from 3,000 to 3,500 over the next three years. Central to this ambition is the launch of KMPG Products which will develop a portfolio of new digital tools and applications.

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Twelve months after the creation of a joint virtual Centre of Excellence (CoE) focused on accelerating cloud deployment in the Financial Services sector, EY and IBM have established a new global Talent COE. The move brings together the EY Organization & Workforce, Mobility and HR Transformation business solutions with IBM Talent Transformation business and hybrid cloud and AI capabilities.

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CGI has a strong footprint in the UK defence sector; defence revenues make up around a third of its public sector business in the UK. Its latest win is a contract valued at £6m with UK Ministry of Defence (MOD) Defence Digital. Under the contract, which will run for an initial 23-month term, CGI will provide the Intelligent Customer Team for the PICASSO Programme’s Allied System for GEOINT (P-ASG).

PICASSO is “an enduring capability programme that provides UK Defence with an integrated information environment for the exploitation, production, and dissemination of geospatial intelligence (GEOINT)”.

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A third of UK organisations (32%) are planning to outsource more of their IT over the next two years – and, for the first time, their biggest reason for doing so is not to cut costs.

According to major study, the main reasons for outsourcing were to enable organisations to focus on their core business and to access talent, marking the first instance of cost-cutting not being the top motivation.

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Quantanite, a customer experience (CX) solutions and outsourcing company, today announced the appointment of Andrew Hall as Chief Commercial Officer as it expands its Leadership Team further.

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Mid-tier offshore services firm Coforge (nee NIIT Technologies) powered ahead during FY22 driving global sales up by 37.6% yoy at constant currency. Revenue for the twelve months ended 31st March beat guidance to land at $866.5m (FY21: $627.7m). While the company’s top line performance was helped by the $195m purchase of SLK Global last April, the pace of underlying organic expansion for the year still reached just shy of 30%. Adjusted EBITDA margin for the period improved by 70bps to 18.7%.

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Full year results this week from NTT DATA, show the Group posting its 33rd consecutive fiscal year of net sales growth, expanding 10.1% to ¥2,551.9bn (FY21/22 ¥2,318.7bn). New orders received grew 8% to ¥2,400.8bn as the company delivered increased operating profits of ¥212.6bn, up a whopping 52.8%.

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