Page 12 - Avik Das

Sonata Software sees Q4 revenue hit as top client pushes AI automation

Sonata Software's top client automating large parts of its outsourced business has led to a bigger-than-expected revenue fall and raised uncertainty over future growth

Cognizant says winning large and mega deals regularly helping growth

With 24 large deals won last year and four in Q1, Cognizant says its ecosystem for securing mega contracts is key to regaining a top-four global IT services ranking

Growth of mid-tier IT firms outshone that of larger rivals last year

Most of these firms focus on niche biz that allows them to expand wallet share

Happiest Minds eyes double-digit growth in FY26 despite challenges

IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus

LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm

Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement

India to soon have about 50% of Swiss Re's global tech talent: Amit Kalra

Over the last three years, Swiss Re globally went through an internalisation drive in the tech domain

Double contribution deal won't spur a spike in Indian IT workers sent to UK

Despite tax savings from UK-India FTA's social security waiver, analysts say high costs and limited incentives may not significantly boost Indian IT deployments to the UK

AI adoption still in early stages for most global enterprises: Accenture

Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

From support hubs to the core, GCCs take lead in biz outcome, leadership

India's GCCs are evolving into strategic hubs, producing CXO-level talent as leaders drive global innovation, operations, and transformation from centres in the country

Hiring artificial intelligence talent is work in slow progress in India

Companies are willing to pay lavishly, but India has a small pool of experienced engineers

Vendor consolidation to drive our growth this year: LTIMindtree

Customers are looking at tightening their spending and saving the last dollar rather than spending more on new age technologies

'No bulk hiring anytime soon' as IT companies navigate tricky ground

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

LTIMindtree Q4FY25 results: Net profit up 2.6% to ₹1,128.5 crore

Revenue was up 9.9 per cent to Rs 97,717 crore during the same period

Q4 results: HCLTech rewrites playbook for FY26 with tariffs in play

Firm expects revenue growth to be in the range of 2 to 5%

IT companies using AI, GenAI to reduce client costs as budgets squeeze

This marks a shift in how cost savings are achieved in traditional IT projects, popularly known as the run-side

Cognizant CEO Ravi Kumar's annual pay up 11% at $16.1 million in 2024

The board said it has full faith in its chief executive as he tries to steer the company from years of underperformance to his stated goal of becoming one of the top four IT services players by 2027

Wipro Q4 FY25 results: Net profit up 25.9% to Rs 3,570 cr; misses estimates

CEO Srinivas Palia blames tariff war and macro woes for revenue slide

IT major Wipro to remain cautious on fresher hiring in this fiscal

Voluntary attrition rose to 15 per cent from 14.2 per cent a year earlier

Infosys Q4FY25 results: Net profit declines 11.7% to ₹7,033 crore

Infosys signals weak FY26 after muted Q4 result