Page 2 - India's It Sector

AI to Cloud: With eye on the future, smart office boom grows louder

Smart office buildings, which incorporate features such as smart desks, motion sensors, and indoor digital maps, may grow up to 30% in five years

Infosys to begin fresh appraisal cycle; last year hikes still pending

Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year

Net profit of manufacturing and IT sector moderates in 2022-23, shows data

The net profit margin of the manufacturing sector declined to 8.7 percent in 2022-23, against 10.6 percent in 2021-22

Tech employees most satisfied with their jobs, least likely to switch

This may be associated with their compensation and other benefits that the technology sector offers

Upto 60% jump in IT employees taking courses to avoid a possible layoff

With AI and machine learning dominating the discussion in the space, many employees are taking these courses in order to stay ahead of the curve and maintain their relevance

Germany plans for easy visa application for IT workers from India

German Chancellor Olaf Scholz said on Sunday that his government wants to make it easier for information technology experts from India to obtain work visas in Germany as the country struggles with a shortage of skilled labour. Scholz said improving the legal framework so Germany becomes more attractive for software developers and those with IT development skills is a priority for his government this year. "We want to make the issuing of visas easier," he told reporters during a visit to India's high-tech hub of Bengaluru. "Aside from the legal modernisation we want to modernise the entire bureaucratic process as well, Scholz said. Asked about workers who don't speak the language when they come to Germany, he said it should not be seen as a hurdle if people arrive in the country speaking English first and then acquire German later on. Scholz was speaking on the second day of his trip to India, after meeting Saturday with Prime Minister Narendra Modi to discuss the fallout from the

Near-term headwinds likely to keep staffing solution companies muted

But valuations have turned attractive after sharp corrections since January

Indian IT, business services market grew 7.4% in first half of 2022: Study

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Tech Mahindra working on a policy to allow moonlighting: C P Gurnani

Employees will need prior permission; no-tolerance policy will be followed if they hide, he adds

Tech Mahindra Q2 net down 4% YoY to Rs 1,285 cr on supply side pressure

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Indian IT companies cut hiring amid US, Europe recession fears: Report

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

FY23 will likely be double digit on revenue...and profitable: Mindtree MD

In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting

Productivity 'hyper focus' hurting employees, causing attrition: Report

Only 9% of managers say hybrid work model gives them confidence that employees are productive

Wipro sees higher IT services revenue growth on strong deals pipeline: CFO

BENGALURU (Reuters) -India's Wipro Ltd on Wednesday forecast higher revenue growth from IT services on the back of a strong project pipeline, and said margins likely bottomed out after higher expenses dented June-quarter profit.

Consistent growth, margins in Q1 keep Mindtree ahead of larger peers

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24

Wipro, Tech Mahindra: Jefferies downgrades six IT stocks on recession fears

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

With Europe slowing, TCS says North America to drive its growth in FY23

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Infosys Q2 preview: IT major could increase revenue guidance for FY22

Most analysts forecast a nearly 20 per cent year-on-year (YoY) jump in Infosys' revenue during the second quarter of the financial year 2021-22 (Q2FY22)

IT stocks: Street shrugs off Trump's extension of ban on H1-B visas

Work-from-home and increased local hiring should help mitigate its impact

Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

Firms drawing higher revenue from software products and platforms have edge over peers