Cirata closes out FY25 with a bookings boost
Data migration specialists, Cirata (formerly known as WANdisco) saw its bookings more than treble yoy in the final quarter of FY25. The latest trading update from the company reports that bookings for the full fiscal (the twelve months to 31 December) were up almost twofold yoy to $13.9m with 70% of this total contract value secured in Q4. […]
Margin pressures overshadow revenue growth at Concentrix
CX outsourcing giant Concentrix delivered mixed fiscal 2025 results, with modest revenue growth of 2.2% masking underlying margin pressure as the customer services provider navigates a challenging demand environment. While Q4 revenue of $2.55bn exceeded guidance, operating margins fell 150 basis points YoY to 12.7%, reflecting ongoing competitive intensity in the business process outsourcing market (Concentrix FY […]
Government softens digital ID stance
The UK government has reversed a key element of its plans to introduce a new digital ID scheme, which is being led by the Cabinet Office. In September 2025, Prime Minister Keir Starmer said “Let me spell that out. You will not be able to work in the United Kingdom if you do not have […]
GlobalLogic appoints veteran CMO
GlobalLogic, the digital engineering firm, has announced its new Chief Marketing Officer (CMO). Starting in the role last week, LuJean Smith is tasked with elevating the GlobalLogic brand and showcasing the firm’s advanced AI capabilities. As part of the Hitachi Group, Smith’s work will contribute to the “Inspire 2027” management plan, which is to “Grow […]
AstraZeneca’s brings AI development in-house with Modella acquisition
AstraZeneca’s acquisition of Boston-based Modella AI marks a notable departure from the typical supplier-customer relationship in enterprise AI. Rather than engaging SI’s or consultancies to deploy off-the-shelf solutions or tailor models such as Google Gemini or OpenAI’s GPT, the pharmaceutical giant is buying the underlying technology outright. Financial terms were not disclosed, but regardless this is a significant […]
*NEW RESEARCH* Disruptors & Innovators: Digital twins for sustainability
TCS returns to growth with AI revenue reaching $1.8bn
TCS delivered a credible Q3 performance with revenue reaching $7.5bn, up 0.8% sequentially in constant currency although down 2.6% YoY, whilst maintaining operating margins at 25.2% (Q3FY25 24.5%). The growth narrative is still focused on the potential of AI where TCS has a stated ambition to become the world’s largest AI tech services business. ‘AI […]
Meta’s latest hire underscores AI sector’s government recruitment drive
Meta has appointed Dina Powell McCormick as its president and vice chairman, marking the latest move by a major AI firm to bring senior government figures into strategic roles. Powell McCormick previously served as deputy national security advisor to President Donald Trump, in senior positions under President George W. Bush, as well as 16 years […]
HCLTech ticks up in Q3
HCLTech has released its Q3 financial data (for the three months to end December 2025) showing top line growth picking up a little at 4.8% (constant currency). Revenue in dollars was $3.79bn. The firm grew 4.6% in Q2, and 4.1% in the comparable quarter last year. HCLTech’s Engineering and R&D Services business continued to enjoy the […]
Capgemini lands £65m FSCS deal
The Financial Services Compensation Scheme Limited (FSCS) has awarded a £65m technology development services contract to Capgemini. The engagement is for an initial term of five years, and the single supplier framework agreement contains provisions for up to three further twelve months extensions through to 2034. The deal was won through a competitive tender process […]