IT Services Industry

Invested 1.5% of revenue over the last two years to build it

The acquisition will help LTM expand its AI, engineering and cybersecurity capabilities in Europe and Australia while strengthening its presence in aerospace, defence and financial services

Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue

Coforge has won a $158-million, five-year contract from a UK-based client, effective April, as AI-led conversations drive a rise in both the number and size of large technology deals in Europe

LTM has won a $100 million, seven-year deal from a European medtech firm to support and develop its flagship products, strengthening its large-deal momentum amid a tough macro environment

Brand Finance said the combined value of the top 25 IT services brands rose 2% in 2026, with Accenture retaining the top spot and Indian firms accounting for 36% of total brand value

The upbeat forecast for Infosys may have briefly lifted sentiment, but strained India-US ties and tougher immigration rules in its biggest market could pose fresh challenges ahead

AI-native startups are reshaping India's IT services landscape as automation drives efficiency and innovation, with the sector projected to touch $400 billion by 2030

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent

TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce

TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people

Traditionally, IT services firms followed a pyramid structure, with a broad base of fresh graduates supporting scalability and a large bench strength ready for deployment

IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe

Infosys announced a deal with German tech giant Siemens AG to boost its digital learning initiatives with GenAI

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency

The minister for IT and biotechnology and rural development and Panchayat Raj, government of Karnataka, said the state should get its share of such opportunities as it is a hub for IT services exports

While the 'Make in India' initiative has boosted domestic smartphone manufacturing, the $200 billion Indian IT services industry remains focused on international markets over the domestic one

The Bengaluru-based firm for the second consecutive quarter upped its guidance. It now expects FY25 revenue to grow in the range of 3.75-4.5 per cent. From the earlier 3 - 4 per cent

Revenue for the March quarter was marginally down by 1 per cent from the year-ago period to Rs 22,300 crore