Financial management software company Apptio opens Bengaluru centre. Printer sales decline in second quarter.
Apptio opens Bengaluru centre
Washington-based enterprise software solutions company Apptio has opened its first centre of excellence in India in Bengaluru.
Apptio is planning to triple its team of data scientists and developers in Bengaluru by the end of 2019, an official statement said.
The centre will cater to the increased demand for its cloud and financial management software solutions, the statement added.
The facility at Bengaluru is Apptio’s first office in the region and its 18th office across the world.
The new centre has the capacity to house 100 employees, and the plan is to set up an office for 300 people in Bengaluru by 2020.
Printer sales decline
The Indian printer market, comprising of inkjet, serial dot matrix, line and laser printers, declined 4.2% year-on-year (YoY) in the second quarter of 2019 compared to the second quarter of 2018, according to a report by consulting and advisory platform International Data Corporation (IDC).
The report, titled IDC Asia Pacific Quarterly Hardcopy Peripherals Tracker, attributed the decline to weak market sentiment and drop in shipments of laser printers and serial dot matrix printers.
Inkjet printers bucked the trend as shipments increased 2.8% YoY due to channel stocking by vendors, the report said.
The printer market also saw a 0.9% drop quarter-on-quarter with shipments of 840,000 units.
California-based technology company Hewlett-Packard continued to lead the segment with a market share of 43% and shipments increased 2.1% YoY.
"Market conditions are expected to remain challenging in 2019 Q3 from a year-on-year perspective as the economic slowdown will impact both consumer and commercial demand. The consumer market is expected to get some boost in the upcoming festive season. Attractive EMI schemes and offers such as instant cashback will likely drive growth in consumer demand," said Nishant Bansal, senior research manager for imaging printing and document solutions, IDC India.