Page 3 - India's It Sector

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

Odisha woos IT firms as it aims to become hub for next phase of expansion

The state government is keen to rope in IT and BPO (Business Process Outsourcing) firms who are keen to expand footprint but mindful of the costs of organic growth

IT services sector may register growth upto 9% in FY20: Icra report

The growth will be at par with the 9.1 percent growth achieved by the sector in FY19, according to industry lobby Nasscom

Q4 results: IT firms' revenue to get cross-currency boost, FY19 outlook key

Aided by currency movements, operational efficiency and automation, IT companies are expected to report improvements in EBIT margins in the January-March quarter of FY18

2018 will be a better year for Indian IT, say experts

V Balakrishnan said Indian cos' ability to grab growth opportunities is critical

Solving India's tech industry woes by taking IBM's lead

The technology industry in the country started as a services business to handle outsourced work from Western organizations