Page 10 - Indian It Sector

Accenture Q4FY20 earnings: Five key takeaways for the Indian IT companies

Analysts at Nomura note that Accenture's weakness is restricted to stressed verticals such as retail, manufacturing, travel, and energy, which contributed nearly 20 per cent of revenues.

Deal wins, margin surprises likely to power more gains for Infosys

Enhancing digital capabilities should aid growth amid rising IT budgets

Will focus more on insurance and govt digitisation projects: IBM's Patel

IBM'S SANDIP PATEL tells Bibhu Ranjan Mishra & Sai Ishwar that India's relevance is only going to increase in the new scheme of things

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Cognizant expects revenue to dip 2% in 2020 amid Covid-19 crisis

In the June quarter, Cognizant saw its net profit decline 29 per cent at $361 million, compared to $509 million, while it fell 1.63 per cent sequentially

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

From TCS to Wipro, top IT firms' headcount drops first time in a decade

The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.

IT sector share in Nifty 50 at five-year high with overall weight of 15%

Combined market cap of five top IT companies, which are part of the index, is up 6.5% since the beginning of 2020 against a 6.6 per cent decline in market cap of the index

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

Top headlines: Trump's temporary visa ban upsets IT industry, and more

Business Standard brings to you a snapshot of events which made it to the headlines today

Covid-19 impact: IT services let go of contract staff to reduce bench

In the last few years, subcontracting costs for most IT firms have also increased manifold due to protective measures around issuance of H1-B work visas

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Both clients & vendors have to think about adoption of WFH model: Infy COO

With relaxations in the nationwide lockdown induced by Covid-19, Infosys plans to adopt a staggered approach in getting back employees to office.

Over 1 mn IT employees to work from home post-lockdown: Kris Gopalakrishnan

The former CEO and Managing Director of Infosys said he does not see job losses in the IT sector

Mindtree Q4 FY20 net profit up 3.9% to Rs 206.2 cr, sees dip in demand

Mindtree posted a net profit of Rs 198.4 crore in the same period last year

TCS Q4 preview: Covid-19 likely to hit most verticals; FY21 outlook key

Net sales (revenue), according to Centrum Broking, is expected to see 1.5 per cent sequential growth at Rs 40,436.9 crore.

Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

Wipro to kick-start IT earnings season on April 15 with Q4 results

TCS will hold its board meet the next day (April 16) for approval of its financial statements

Hiring of IT freshers by firms may be delayed amid coronavirus outbreak

Since most IT firms anticipate a demand slowdown in the coming quarters, hiring from tier-III and IV engineering colleges through walk-in interviews is going take a massive hit in 2020

Coronavirus scare: IT firms stare at delay in bagging large contracts

According to outsourcing advisory experts, severe restrictions on the mobility of human resources as well as the likely delay in decision making by the clients are seen as the key reasons