Page 2 - Indian It Firms

Indian IT firms slash H-1B dependence as US tightens immigration rules

Indian IT companies are reportedly cutting down on H-1B visas, hiring more locally in the US, as tougher immigration rules, rising costs, and AI-led changes reshape global outsourcing models

Indian IT firms steadier as reliance on H-1B visas has fallen: Mohandas Pai

Industry veteran and former CFO of Infosys, Mohandas Pai on Thursday said Indian IT firms' dependence on H-1B visas has come down significantly over the years, and that data indicates many leading American tech companies are among the top applicants for these visas. There was no official word from IT industry association Nasscom after US Commerce Secretary Howard Lutnick and Florida Governor Ron DeSantis made scathing remarks on these work visas meant for highly-skilled professionals describing the H-1B visa programme as "scam". Emails to top Indian IT companies including TCS, Infosys and Wipro for comments, too, did not elicit any response. "The current H-1B visa system is a scam that lets foreign workers fill American job opportunities. Hiring American workers should be the priority of all great American businesses. Now is the time to hire American," Lutnick said in a social media post this week. When contacted, Pai asserted that Indian IT companies are less dependent on these ..

Blackbox Q1 results: Net profit rises 28% to ₹47 cr despite revenue decline

IT company Blackbox has reported an increase of 28 per cent in consolidated net profit at Rs 47 crore in the first quarter ended June 30, 2025, despite decline in revenue, the company said on Thursday. Blackbox had posted net profit of Rs 37 crore in the same period a year ago. The revenue of the company declined by 3 per cent to Rs 1,387 crore during the reported quarter, from Rs 1,423 crore in June 2024 quarter. "Revenue for the first quarter (Q1) of the financial year (FY) 2026 stood at Rs 1,387 crore, compared to Rs 1,423 crore in Q1 FY'25. The delay in equipment procurement by certain clients, because of the prevailing tariff environment, resulted in difference of the service execution and revenue recognition," the company said in the statement. The order book of the company increased by 2.7 per cent to Rs 4,433 crore at the end of the reported quarter, from Rs 4,313 crore at the close of FY 2025. "While the year began at a slower pace, we are seeing solid traction in key ...

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn

Why Indian IT firms are cutting jobs even as revenue continues to grow

Even as top line growth holds steady, IT giants such as TCS, Infosys and Wipro are shedding jobs, signalling a shift to automation, pyramid reset and legacy rationalisation

India-UK trade deal: Double contribution pact to smoothen ops for IT cos

So far, Indian professionals working for a limited period in UK contributed to the country's social security funds, but they would not get benefits as they would return once the project is completed

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

Infosys completes ₹532 crore acquisition of Australia's The Missing Link

The acquisition, completed via Infosys Singapore, will strengthen Infosys' global cybersecurity operations and bolster its presence in the Australian market

TCS launches SovereignSecure Cloud for govt, public sector enterprises

IT services behemoth TCS on Thursday announced three power-packed, India-focused offerings including an indigenous and secure cloud for government and public sector enterprises, aimed at strengthening the country's data sovereignty and accelerating AI capabilities. TCS SovereignSecure Cloud is engineered to keep sensitive data within India's borders, leveraging the company's data centres in availability zones of Mumbai and Hyderabad. The Tata Group company also introduced TCS DigiBOLT, an AI-enabled low-code platform, and its globally-recognised Cyber Defense Suite in India, that the company said would empower enterprises to fast-track their digital innovation and cyber resilience. The line-up of offerings include SovereignSecure Cloud - a first-of-its-kind, indigenous and secure cloud for government and public sector enterprises, that strengthens India's data sovereignty and accelerates its AI capabilities. This cloud comes with integrated AI capabilities to support government ...

Tech Mahindra Q4 results: Net profit rises 77% to ₹1,167 cr, revenue up 4%

India's largest IT companies have flagged uncertainty and delays in technology spending decisions due to U.S. president Donald Trump's unpredictable tariff policies stoking fears of weak a fiscal year

Indian IT firms use AI to drive sales growth with fewer new hires

HCL Technologies Ltd. and LTIMindtree Ltd. are among companies saying they need fewer new staff to keep revenue increasing

HCLTech CEO signals opportunities despite expected tariff consequences

HCLTech expects the tariff-led turmoil to impact retail and manufacturing verticals and spill over to the other segments after fully kicking in

Nifty IT at 9-month low; brokerages flag weak earnings outlook for sector

Among individual IT stocks, Infosys slipped over 5 per cent in intraday deals on Wednesday, after Morgan Stanley downgraded the stock to 'equal weight', and preferred TCS.

US market a 'wild card' for Indian IT: Nasscom president Rajesh Nambiar

United States, the largest market for the USD 282 billion Indian IT sector, is a "wild card" for the industry, lobby grouping Nasssom's president Rajesh Nambiar said on Monday. Speaking to reporters Nambiar said the tariff threats by the US may turn out to be the biggest headwind for the sector. "Broadly, if you were to look at the headwinds, the biggest unknown there would be the tariffs and the impact of what happens in the US market," Nambiar said. He was quick to add that one should not forget that the US contributes 60-62 per cent of the revenues for the sector. "It is a bit of a wild card at this point of time. We do not know what is going to be in store," Nambiar said. It can be noted that since assuming office on January 20, President Donald Trump has threatened to impose reciprocal tariffs with the intent of strengthening the American economy. Speaking at Nasscom's annual NTLF event earlier in the day, the country's second largest IT services exporter Infosys' chief exec

Black Box Q3 results: Profit up 37% to Rs 56 cr, revenue slips 9%

Essar Group's IT arm Black Box has reported a 37.2 per cent increase in consolidated net profit to Rs 56.08 crore for the October-December quarter of 2024-25 compared to Rs 40.87 crore in the same period of the previous fiscal. Revenue from operations for dropped by 9.28 per cent to Rs 1,501.7 crore in the third quarter of FY25 against Rs 1,655.4 crore in the December quarter of FY24. The company said subdued order bookings as a result of delayed decision-making with some of its large customers, coupled with its strategy to exit the tail customers led to a decline in revenue. However, the pipeline continues to remain strong, it said, with the order book standing at USD 465 million. Additionally, the company has already received orders worth USD 80 million in the ongoing quarter. "Positive impact already seen in Q4 FY25 and expected to strengthen from Q1FY26...Pipeline conversion and improved win-rate expected to positively impact the revenues beginning Q2FY26 onwards," the statemen

HCL Infosystems Q3 results: Losses down to Rs 5.25 cr, revenue rises 30.14%

HCL Infosystems has reported narrowing of losses to Rs 5.25 crore in the December quarter. The IT system integration and solutions company had posted losses of Rs 9.30 crore in the year-ago period, according to a company filing. Revenue from operations tanked 30.14 per cent to Rs 5.70 crore in the third quarter of the ongoing fiscal year, as against Rs 8.16 crore a year earlier. Sequentially, revenue declined 16 per cent. "During this quarter, the company continued to focus on actions and initiatives aimed at realising our long outstanding receivables and minimising operational losses," HCL Infosystems Manager Raj Sachdeva said. The business has continued to face challenges in obtaining timely customer acceptance and sign-offs for completed projects, leading to delays in receiving payments, a company statement said. As a result, though the number of contracts reaching closure has increased, there has been no significant progress in recovering outstanding receivables from ...

Indian-origin tech companies corner 1/5th of H1B visas issued by US

Indian-origin tech companies cornered a fifth of all H1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies. Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953). Infosys came second to only Amazon Com Services LLC, which topped with 9,265 visas. Cognizant, which was founded in Chennai but now has headquarters in New Jersey, ranked third in the list with 6,321 visas. The H1B visa programme allows US companies to temporarily employ foreign workers in specialty occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Major Indian IT services fi

Indian IT sector 'bytes' into 2025 with cautious optimism amid big AI bets

The Indian IT industry steps into 2025 with hope and optimism of improved tech spending and stronger deal pipeline as businesses across-the-board take bold AI bets, but all eyes are on global macroeconomic cues as well as the US' stance on trade and high-skilled immigration as President-elect Donald Trump returns to White House next month. With Q2 report card of most IT heavyweights fuelling hopes of an improved client demand over the coming quarters - industry pundits predict a notable rebound in growth and profitability metrics materialising by late 2025 or the second half of FY26, if all goes well. Experts also expect tech M&A counters to buzz right through 2025, with big data, cloud and Gen AI (Generative AI) acting as major draws for companies with takeover appetites. Meanwhile, the IPO market - heady from 2024 highs - seems all primed up for yet another blockbuster year as a slew of tech startups are readying for a market debut to capitalise on euphoria. Sindhu Gangadharan, .

Indian IT sector 'bytes' into 2025 with cautious optimism amid big AI bets

The Indian IT industry steps into 2025 with hope and optimism of improved tech spending and stronger deal pipeline as businesses across-the-board take bold AI bets, but all eyes are on global macroeconomic cues as well as the US' stance on trade and high-skilled immigration as President-elect Donald Trump returns to White House next month. With Q2 report card of most IT heavyweights fuelling hopes of an improved client demand over the coming quarters - industry pundits predict a notable rebound in growth and profitability metrics materialising by late 2025 or the second half of FY26, if all goes well. Experts also expect tech M&A counters to buzz right through 2025, with big data, cloud and Gen AI (Generative AI) acting as major draws for companies with takeover appetites. Meanwhile, the IPO market - heady from 2024 highs - seems all primed up for yet another blockbuster year as a slew of tech startups are readying for a market debut to capitalise on euphoria. Sindhu Gangadharan, .

Wipro brings in new Europe head Omkar Nisal to revive market amid slowdown

Europe, despite being Wipro's second-largest market after the United States, has been underperforming in recent years