Page 5 - Indian It Sector

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

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

Black Box opens new centre of excellence in Bengaluru, to create 500 jobs

The new centre is also projected to increase the company's margin by around Rs 50 crore in the near term, according to Black Box

IT companies' forex revenue exceeds earnings of other manufacturers in FY23

According to data, the combined forex revenue of listed IT companies grew by 20.7 per cent to reach Rs 5.14 trillion in FY23

India witnesses decline in data science & analytics jobs in 2023: Report

Great Learning report reveals that the highest job opportunities are available for people with one to five years of experience compared to freshers and seasoned professionals

No slowdown in tech spend in domestic market: IBM India's Sandip Patel

Burton opined that if one compared the tech spend ratio to the gross domestic product of the company in the developing economy, it only points to increased spending

Industry likely to get six months to align with data protection rules

Chandrasekhar says rules for DPDP Act ready, consultations to begin after G20

IT sector companies defer hikes, lower increments amid slow growth

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises

Employee costs to haunt Indian IT even as biz prospects improve: Analysts

Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22

Indian IT to become more attractive after data law: Ashwini Vaishnaw

Union Minister Ashwini Vaishna in an interview with Business Standard said that DPDP bill will bring about behavioural changes in internal business processes in alignment with principles of privacy

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

Generative AI may affect 1% of IT jobs in India, add $2-3 billion revenue

Expansion of the usage of AI may not necessarily mean job losses but it may play an increasingly significant role in how certain parts of these jobs are performed

Attrition of women in IT sector doubled compared to men since December

Data suggest that most women are switching to jobs closer to home or even taking on gig/freelancing jobs that offer more flexibility

JP Morgan downgrades Indian IT sector to underweight from neutral

Infosys, TCS, MphasiS on JP Morgan's negative catalyst watch. Here's why

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22

Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

Sonata Software announces partnership with SAP Commerce to drive innovation

/ -- Sonata Software, a global Modernization and Digital Engineering company, has announced a strategic partnership with SAP Commerce to drive digital innovation and help businesses accelerate their digital transformation journey. SAP Commerce, a leading enterprise e-commerce platform, will be integrated with Sonata Software's digital commerce expertise to provide customers with end-to-end e-commerce solutions, including storefront design, implementation, and maintenance. The partnership aims to offer seamless and personalized experiences to customers across various touchpoints and channels. Commenting on the partnership, Mr. Anthony Lange, Global Partner Officer of Sonata Software, said, "We are excited to partner with SAP Commerce to drive digital innovation and help businesses adapt to the new normal. Our collaboration will enable customers to leverage the power of SAP Commerce's advanced capabilities and Sonata's expertise in delivering digital commerce solutions to achieve their

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

IT sector slowdown results in 30% decline in hiring of freshers: Report

The study revealed that several factors contributed to the slowdown in hiring, which includes increased focus on upskilling and reskilling of existing employees, rather than hiring new ones