On Monday IIT Madras announced that it will join forces with IBM on quantum computing as students and faculty at the institute will get access to tech giant’s quantum systems over the cloud. The collaboration will enhance research in quantum computing and enable students to prepare for careers. The syllabus will be jointly taught by IIT M professors and IBM researchers with hands-on lab sessions. Over the past few years, India has seen a lot of growth in quantum computing.
Google’s parent company Alphabet reported revenue of $55.3 bn, a 34% rise YoY, in the first quarter of 2021. The tech giant reported $17.9 bn as net income with $135 bn in cash and marketable securities. Google Services revenues went by 34% to touch $51.2 bn, it included revenue of Google Search and other advertising revenues of $31.9 bn in the period, up by 30%. Alphabet has also managed to reduce losses of its Cloud vertical.
Tech Mahindra has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 mn, including retention bonus and earnout. The acquisition will help Tech M to strengthen its hybrid-cloud offerings, cloud-native development, and Site Reliability Engineering automation. DigitalOnUS is headquartered in California and has a presence in India, as well. It has over 380 employees and posted a revenue of $30.6 mn for the FY ending on 31st Dec 2020.
Genesys is launching new capabilities for its Cloud services in India by enabling businesses to keep their interactions and data located within the country. The new offering will help the Cloud customer experience and contact centre solutions provider to tap highly regulated industry organisations with strict compliance and security standards — healthcare, financial services, govt, etc having data sovereignty needs.
VMware has acquired Mesh7, a US-based company, for an undisclosed price with the aim to deliver modern apps connectivity services to enable a developer experience for more secure operations, The company, founded by Amit Jain and Pratik Roychowdhury, provide ‘API Security Mesh’ solution empowers information security professionals that capabilities to protect modern, cloud-native apps and microservices against cyber threats and breaches.
Bob Lord, Senior VP, Worldwide Ecosystems, Cognitive apps and Blockchain, IBM, in an interview, said that the tech giant was doubling down on ecosystem investments in 2021 to help partners and clients having high-value skills, solutions and expertise needed to be competitive and resilient. “Over the past year we have strengthened our relationship Infosys, Tech M, Wipro, TCS, HCL, etc which are an integral part of our IBM hybrid cloud ecosystem,” said Lord.
Pooraan Jaiswal, CTO of Tribhovandas Bhimji Zaveri, as per media reports, has quit the jewellery brand. Jaiswal, who joined TBZ in 2018, was responsible for the improvement of all IT infrastructure and services for both enterprise and end-users. During his tenure, TBZ moved to the cloud and implemented RPA, data analytics and AR/VR to help the traditional business to navigate a digital route. Jaiswal, having 20 years of experience, also served Globus as CTO.
Google, for the first time, disclosed operating income/loss for its Cloud business unit in its quarterly earnings yesterday. Google Cloud lost $5.6 bn in FY 2020, which ended on December 31. The total revenue of the unit stood at $13 bn. The unit’s losses, on the one hand, are rising up from $4.3 bn in 2018 and $4.6 bn in 2019, but revenue is also seeing an upward trend, up from $5.8 bn in 2018 and $8.9 bn in 2019.