Page 11 - Indian It Firms
Why job losses are inevitable in IT
Firms have to move from just scale to building a smaller, more specialised talent pool
 "Why job losses are inevitable in IT")
Infosys plans to broaden hiring on campus through technology platform
Bengaluru, 11 November After Tata Consultancy Services (TCS) introduced a 'National Qualifier Test' for recruiting engineering graduates, Infosys has launched a learning platform, 'InfyTQ', which it is planning to use for campus hiring."Earlier, due to absence of technology, our presence was limited to a certain number of colleges," says UB Pravin Rao, chief operating officer. "The platform was launched around nine months back and the idea is to use the data to hire fresh graduates."According to the information technology services major, all graduates from various engineering colleges are encouraged to register on this platform, where a lot of training material is shared with the students by Infosys. Certifications in various new-age technologies are also available on it, which students will get after clearing the examinations. "Anyone who has cleared our certification will be a strong candidate for us to recruit," Rao said.TCS launched its National Qualifier Test last year and says ..
 "Infosys plans to broaden hiring on campus through technology platform")
Slowdown blues: Demand worries likely to dim IT firms' growth outlook
Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations
IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO
On the prospects of IT services companies in 2020, he said all the global economies seem to be stable and there are no fears of recession.
 "IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO")
H1-B visa denial rate spikes under Trump; Indian IT firms worst-hit
In the first three quarters of fiscal 2019, US Citizenship and Immigration Services adjudicators denied 24 per cent of H-1B petitions for "initial" employment
 "H1-B visa denial rate spikes under Trump; Indian IT firms worst-hit")
Domestic IT services companies increasingly absorbing staff of clients
Experts say the recent deals by TCS and Wipro will have impact on operating margin, but it will only reflect in the third quarter of this financial year
 "Domestic IT services companies increasingly absorbing staff of clients")
Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
 "Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1")
Client-specific risks a trip factor for IT companies, says analyst
Among Indian companies, Everest, HCL Technologies, Tata Consultancy Services and Infosys Technologies have significant exposure to Deutsche Bank
 "Client-specific risks a trip factor for IT companies, says analyst")
IT majors meet Piyush Goyal, flag barriers in accessing in China market
The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro
 "IT majors meet Piyush Goyal, flag barriers in accessing in China market")
No country caps on Green Cards: US House passes bill; India to benefit
Indian IT professionals are worst sufferers of current immigration system which imposes a 7% per country quota on allotment of Green Card
 "No country caps on Green Cards: US House passes bill; India to benefit")
IT firms may log muted growth in Q1, see 50-160 bps decline in margins
Margin growth in the absence of benefits from rupee depreciation will be a concern, say experts
 "IT firms may log muted growth in Q1, see 50-160 bps decline in margins")
From Wipro to Infosys, IT firms to realign client base on digital push
Despite higher gross additions, growth in overall customer base has been tepid
 "From Wipro to Infosys, IT firms to realign client base on digital push")
Fallout of weak rupee: Contract price revision looms over domestic IT firms
Domestic companies may pass on benefits of falling rupee to clients
 "Fallout of weak rupee: Contract price revision looms over domestic IT firms")
IT firms likely to incentivise top executives based on digital revenue
Digital revenue of Infosys grew 27 per cent to $803 million in the first quarter ended June 30, 2018
 "IT firms likely to incentivise top executives based on digital revenue")
Falling rupee could be a boon for Indian IT companies. Here's how
Hedging policy, an offshore-onshore business mix of domestic IT firms to be key determinants of the forex gain they accrue in Q1 of FY19
 "Falling rupee could be a boon for Indian IT companies. Here's how")
Share of digital services in Indian IT export revenue to double by 2020
According to CRISIL, the digital services portfolio of Indian IT export have been growing at a healthy annual 30-35%
 "Share of digital services in Indian IT export revenue to double by 2020")
How the US tax cut can benefit Indian IT firms
Also, a strong dollar can improve revenue growth in FY19
 "How the US tax cut can benefit Indian IT firms")
Mid-size IT firms stay ahead on niche focus
The IT firms are focusing on growth of digital technology services by creating platforms
 "Mid-size IT firms stay ahead on niche focus")
Wipro, Infosys see decline in share of top-five clients in total revenues
Infosys had a total 1,162 clients as on March 31, 2017, while Wipro has nearly 1,300 clients
 "Wipro, Infosys see decline in share of top-five clients in total revenues")
'Indian IT firms like TCS, Infosys, TechM will lead the digital segment'
However, Lakshmikanth adds, it will be long battle as global firms command lion's share of market
 "'Indian IT firms like TCS, Infosys, TechM will lead the digital segment'")
