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Xerox 1Q Profit Beats Estimates, Warns on Second Quarter
Xerox reported first-quarter earnings that beat expectations but said second-quarter profit would miss estimates as it restructures to become a broader technology company.
Indian IT Firms Fear Provisions in New U.S. Immigration Law
As Congress weighs new immigration legislation, India's outsourcing companies' long-held fears of a backlash are being realized in its crucial U.S. market.
Tech Sector Job Cuts Fell to Lowest Level Since 2000
Tech layoffs came to just under 47,000 last year, according to employment-services firm Challenger, Gray & Christmas. Better still, during the next 10 years, the sector is forecast to have one of the fastest paces of job creation of any industry.
Gartner: IT Spending will Grow 5.1% in 2011
The outlook for IT spending this year is looking up. Research firm Gartner said Thursday it expects revenue to grow 5.1% from 2010, an increase from a previous forecast of 3.5% growth.
Hewlett-Packard Beats Out Lockheed for $2.5 Billion NASA Contract
Hewlett-Packard has won a contract worth up to $2.5 billion to supply computer equipment -- including hardware and software -- and information-technology services to NASA. HP's gain is Lockheed Martin's loss: Lockheed had been NASA's IT supplier until now.
Where Are Jobs Going Now? Peru, Bulgaria, Bangladesh. . .
The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner's list of the top 30 countries for outsourcing. Here's where IT and business-processing jobs are heading.
Oracle Earnings Jump 28% as Tech Spending Rises
Oracle, one of the world's biggest software companies, on Thursday posted fiscal second-quarter earnings that grew 28% year over year. It's the latest sign that companies are spending more on technology.
Cisco Goes Shopping: Networking Giant to Buy Smart-Grid Startup Arch Rock
Cisco is expanding its foray into the smart grid with plans to acquire Arch Rock. The San Francisco-based startup is developing wireless-networking equipment for the electrical grid.
IT and the Art of Efficiency
Higher productivity is good for both companies and workers, but where do improvements in productivity come from? The second entry in a three-part series exploring efficiency in the workplace.
