IT Companies

Infosys ADRs surged 10.2 per cent in New York on Wednesday after the company raised its revenue growth guidance for FY26 to 3-3.5 per cent from 2-3 per cent earlier

Experts say a slow growth environment and shorter project life cycles in the age of artificial intelligence (AI) have made these firms double down on office presence and being closer to their clients

Some of these companies, such as Infosys and Wipro, do not even operate there. While Infosys does not have a presence, Wipro's Venezuelan unit was liquidated many years ago

Management commentary on AI-led demand to be watched closely

After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.

Replacements since 1985 reflect India's economic transformation

The Indian IT/ITeS sector is one of the largest employment generating sector. The industry is expected to have an employee base of 5.8 million in FY26, according to UnearthInsights

US-based IT firm Salesforce, which has witnessed multi-fold growth in its business and investment, will continue to invest and grow in India, as the country has the right set of talent pool available, its Executive Vice President and MD (South Asia) Arun Kumar Parameswaran said. Salesforce started operations in India in 2005 with its first centre of excellence in Hyderabad. Now, the company is spread to six locations in India with an annual revenue of USD 1 billion and a workforce of over 13,000. India is the second-biggest market for the company after the US. "We were about 2,500 in 2020...now, we have a headcount of over 13,000, over a five-fold jump...we will continue to invest and grow in India because the country has a lot of skills that everybody wants to hire," he told PTI in an interaction. Besides, he said the company has a proven track record of being able to deliver innovation at scale and speed. The global customer relationship management (CRM) technology solutions gian

On the bourses, Coforge share price zoomed up to 5.98 per cent to hit an intraday high of ₹1,866 per share post Q2 results.

Infosys, which topped analyst estimates for profit and revenue in the second quarter, sees full-year revenue growth of 2-3%, compared with its prior view of 1-3%

HCLTech's revenue from operations for the quarter stood at ₹31,942 crore, up 10.7 per cent year-on-year (Y-o-Y) from ₹28,862 crore, and 5.2 per cent quarter-on-quarter (Q-o-Q) from ₹30,349 crore

However, the revenue from operations decreased by approximately 3.87% to ₹918.1 crore in Q2FY26; it had reported ₹955.09 crore in the same quarter of last financial year

Platform-based, intellectual property-driven models trigger cases

The companies had discussions with the government after the US administration announced a sharp hike in H-1B visa fees to a staggering $100,000

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

The move marks a clear change of direction just weeks after Trump called for the resignation of the company's new chief Lip-Bu Tan over his "highly conflicted" ties to Chinese firms

Infosys penalised in Singapore for GST delay; acquires 75% stake in Telstra's Versent Group to advance AI-led cloud and digital offerings in Australia

The investment is part of Acer India's localisation roadmap, focused on boosting domestic production

The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years

Birlasoft shares fell up to 3.4 per cent to an intraday low of ₹368.70 per share on Friday, reflecting investor reaction to the below-par results and weak deal momentum.