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IT services, which contributed 76 per cent to the company's revenues in 2010-11, stood at $1,400 million, a sequential increase of 4.2 per cent and 20 per cent year-on-year.

 
 
Country's largest software company Tata Consultancy Services posts an increase of 31.3 per cent in quarterly revenues at Rs 10,157 crore.
Former MindTree Chairman Ashok Soota on Tuesday announced the establishment of his new business company, 'Happiest Minds Technologies Private Limited'.
In January this year, Ashok Soota had resigned as the executive Chairman from the company to pursue a new business venture.
 
 
Networking technologies major Cisco will lay off its 550 employees as the company embarks on a restructuring of consumer business.
IT spending worldwide is projected to touch $3.6 trillion this year, much higher than in 2010, says Gartner.
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