India’s Printer Market Records Best First Quarter Till Date
According to the latest data released by IDC, India’s hardcopy peripherals (HCP) market recorded its best Q1 in terms of unit shipment at the back of continuous demand for Inkjet printers. While the market witnessed a decline of 4.5 percent quarter-over-quarter (QoQ) during Q1 2021 (Jan-Mar), it registered shipments of 0.92 million units during the quarter posting a growth of 38.5 percent year-over-year (YoY).
In the inkjet segment, demand for printers remained strong from the home segment as schools and colleges continued to implement study from home. Following this, the inkjet segment noted a YoY growth of 56.2 percent. Within inkjet printers, the Ink tank printer segment grew steadily following improved availability and pent-up consumer demand.
The laser printers’ segment (including copiers) recorded a YoY growth of 26.3 percent at the back of Laser Printers (excluding copiers) as the Government placed multiple orders towards the end of its financial year. For similar reasons, the Laser Copier segment, too, witnessed a YoY growth of 42.8 percent despite muted demand from Corporates.
Mindtree to Acquire NxT Digital Business of L&T
Digital transformation and technology services company, Mindtree will acquire the NxTDigital Business, the cloud-based IoT and AI platform of L&T Group. The acquisition is subject to customary closing conditions.
The NxT Digital Business was founded as a startup with broad digital capabilities within L&T. It has played an instrumental role in extensive applications of IoT technology and digitalization of many aspects of L&T’s operations- numerous assets were connected and factories were digitalized to make the company’s operations data-driven.
Mindtree will leverage NxT Digital Business’ capabilities across several industry segments in integrating sensors and telemetry data with its advanced data analytics.
IBM Tech Services Business Names CIO Ahead of Planned Spinoff
Kyndryl, the tech services business IBM plans to spin off by the end of this year, has named IT veteran Michael Bradshaw as its CIO.
Bradshaw, the CIO at NBCUniversal Media LLC, will join Kyndryl and report to Martin Schroeter, the new business’s CEO.
In his new position, Bradshaw is expected to set Kyndryl’s information technology strategy and put together an IT team.
IBM announced in October that it would spin off its managed infrastructure services business as it focuses on faster-growing areas such as cloud-computing and artificial intelligence. The unit manages clients’ IT infrastructure and has about 90,000 employees.
