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Tag: Apple India

  • Apple India aims 5,000 employees eventually for Hyderabad facility

    Apple India aims 5,000 employees eventually for Hyderabad facility

    Apple has hired 3,500 people for their development centre here and is expected to take the number to 5,000 eventually, said a senior Telangana Government official.

    “Apple has taken 3,500 people so far for their development centre in Hyderabad. They will totally hire 5000 people eventually. There is no time frame for that (to achieve 5000 headcount),” Jayesh Ranjan Principal Secretary IT and Industries said.

    According to a report: The Cupertino, California-based tech giant in May last year opened it development centre here that will focus on development of Maps for its products, including iPhone, iPad, Mac and Apple Watch.

    The Californian firm had then said the investment in the facility will accelerate Maps development and create up to 4,000 jobs.

    Meanwhile, Jayesh Ranjan today inaugurated Pactera Technologies’ first office in India here.

    The Hyderabad office of Pactera Technologies reflects its strategic focus on becoming an industry leading provider of IT services on a global scale, a press release from the company said.

    The new office can seat 150 people in Phase 1 and additional 300 people in Phase 2.

    The abundant talent that is currently part of Pactera would help contribute much more to the digital and innovation world, which would also help them grow to 3,000 people organization in the next 2-3 years, it added.

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  • Tata Communications posts 14.9% YoY PAT

    Tata Communications posts 14.9% YoY PAT

    Tata Communications has announced its financial results for the quarter ended 30 June 2021. Consolidated revenue came in at INR 4,103 Crore (USD 556 Mn), growing 0.7% quarter-on-quarter (QoQ), and decreasing 6.8% year-on-year (YoY). This YoY contraction is primarily due to reduction in Voice business and moderation of Collaboration traffic in the Data segment.

    Consolidated EBITDA stood at INR 986 Crore (USD 134 Mn); a reduction of 5.3% YoY. This quarter, EBITDA has been impacted by a provision of INR 33 Crore on account of license fee on revenue from pure internet services which was allowed as deduction in the definition of Adjusted Gross Revenue (AGR) earlier. Despite this impact EBITDA margin has expanded by 40 BPs YoY. CAPEX for this quarter grew to INR 381 Crore as compared to INR 372 Crore in Q1 FY21.

    Data business revenue came in at INR 3,104 Crore witnessing a growth of 0.6% QoQ and a 2.2% YoY reduction. Data business continues to be affected by COVID related slowdown. Enterprise decisions have been slow due to macroeconomic headwinds leading to longer lead time for deal wins. Service delivery was affected by lockdowns during the 2nd Wave of COVID-19 pandemic. EBITDA for the segment stood at INR 932 Crore; up 0.4% QoQ and decline of 2.4% YoY. EBITDA was affected by provision of license fee made during the quarter and despite this impact EBITDA margin is maintained at 30%.

    In Core Connectivity, there is healthy growth in revenue by 1.7% YoY, and EBITDA increased by 0.3% YoY with margins at 42.6%. Digital Platforms and Services were affected by the moderation of Collaboration traffic which was at its peak in Q1 FY21. Revenue strengthened by 2.9% QoQ but reduced by 12.8% YoY. There are early signs of recovery and an uptake of usage-based services in geographies where economies have opened.

    “In a challenging quarter impacted by the second wave of COVID-19, we have delivered a robust performance,” said A S Lakshminarayanan, Managing Director and CEO, Tata Communications. “The global markets are slowly opening up and we are witnessing greenshoots of demand recovery.”

    He added, “Our focus is to continue investing in developing innovative digital ecosystem solutions driven by customers’ needs. Early demand for our recent launches for live sports on our Media Edge Cloud and IZO™ Financial Cloud is testament that we are moving in the right direction.”

    Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “Our focus on growth and profitability continues to deliver results. A healthy profit and free cash flow is empowering us to innovate and accelerate growth while streamlining processes and bringing in further efficiencies. We are well-poised to enable enterprises make the shift with digitalization playing a pivotal role enabling businesses derive positive growth.”

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  • Apple India smartphone share tumbles

    Apple India smartphone share tumbles

    While Apple India has big plans, a new report from Strategy Analytics says the US tech giant shipped 800,000 smartphones in India in the second quarter of this year – down from 1.2 million units in the same period last year.

    “Apple IOS fell 35 per cent” year-on-year, says Strategy Analytics director Woody Oh, “while its smartphone market share has halved from 4 to just 2 per cent in India during the past year.”

    He says Apple should work on iPhone’s pricing in India as cheaper devices will help boost sales. Apple also needs to enlarge its retail presence through Apple stores or online channels if it wants to regrow significantly, says Oh.

    But Apple CEO Tim Cook says that for the first nine months of its current fiscal year, Apple’s iPhone sales in India were up 51 per cent year-on-year. “We are looking forward to opening retail stores in India down the road… we see huge potential for that vibrant country.”

    Cook says Apple has launched a centre to support Indian developers creating applications for its IOS operating system, and has opened an office in Hyderabad to accelerate map development.

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  • New Indian ruling appears to finally give Apple go-ahead to open retail stores

    New Indian ruling appears to finally give Apple go-ahead to open retail stores

    Amended foreign investment rules clear the way for Apple India stores, and the possibility for the US technology giant to start manufacturing there.

    Under the new rules, foreign retailers are exempted for three years from a requirement to locally source 30 per cent of the goods sold in company-owned stores.

    This means Apple, which now sells its hardware through resellers and first applied for store licences in January, can set up its own shops in India, the world’s fastest-growing major smartphone market with sales expected to rise more than 25 per cent this year.

    Apple, which has a less than 2 per cent share in India’s smartphone market, can resubmit its application for store licences.

    India has been lobbying Apple and its partner Foxconn to start manufacturing in India as part of Prime Minister Narendra Modi’s agenda to bring in foreign manufacturers to create millions of jobs. The rule-change announcement comes a month after Apple boss Tim Cook met Modi to discuss the company’s plans for retail and manufacturing in India.

    Meanwhile, India’s new look at retail rules may also help with expansion for Swedish furniture-retailer Ikea, which is setting up stores in Hyderabad and Mumbai.

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  • Apple India stores a step closer

    Apple India stores a step closer

    A government panel has recommended the removal of a trading obstacle that would free Apple India to open single-brand retail stores across the country, one of its few growth markets.

    A three-member panel has recommended the waiving of the mandatory 30 per cent local sourcing condition for Apple, which earlier this year asked the government to consider the exemption. The reason for the waiver is said to be the cutting-edge technology the company would bring to India, reports The Tech Portal.

    With the committee’s finding, Apple is just a step away from a final decision. The Department of Industrial Policy and Promotion (DIPP) will send the proposal for final approval to the Finance Ministry.

    Apple has retail stores across the world, including China and Japan. In India, it sells its products through exclusive reselling arrangements with chains such as Imagine and iStore.

    In November last year, India scrapped the condition of 30 per cent local sourcing for overseas companies seeking to invest more than 51 per cent equity in the single-brand retail segment, if certain other conditions are met.

    Chinese tech retailer Xiaomi has also applied to open single-brand stores in India while seeking the sourcing exemption for a range of products including Wi-Fi amplifiers, Bluetooth speakers and power banks.