Indian It Services Firms

India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.

LTIMindtree wins $100 million deal from US-based chemicals company

The multi-year contract strengthens LTIMindtree's large-deal momentum as IT firms focus on cost optimisation and efficiency-led growth in a cautious spending climate

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

GCCs & IT services: Can collaboration amid global headwinds avert a crisis?

Global corporations, including JP Morgan, Fidelity International, Barclays Bank, Lowe's, Lufthansa, McDonald's, and Cargill, are expanding their delivery centres in India

High single-digit growth to still elude IT firms for some time: Cognizant

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

Invenia expects to grow revenue to ₹2,000 cr in three years: Vice Chairman

Digital infrastructure and IT services firm Invenia expects to grow its revenue by around 40 per cent to Rs 2,000 crore over the next three years, driven by rising demand for connectivity from data centres and government projects, a senior company official said. Invenia Vice Chairman and Non-Executive Director Ankit Agarwal told PTI in an interview that the company sees a multi-billion dollar business that will be largely driven by influx of data centres and government projects like BharatNet to boost connectivity. "We are looking to take the business from about Rs 1,300 -1,400 crore of revenue this fiscal year to closer to about Rs 2,000 crore in about three years time," Agarwal said. He said that the equity capital of Invenia was around Rs 907 crore and its asset value was close to Rs 2,800 crore as on March 31. "We have a very healthy order book. The company had an open order book of around Rs 4,250 crore as on March 31," Agarwal said. Hived out from Sterlite Technologies, Inve

Infosys gives 80% bonus to majority of employees for first quarter

Infosys has rolled out an average 80 per cent performance bonus for Q1, linked to employee ratings across PL4-PL6 levels, following stronger-than-expected quarterly growth

Coforge edges past rivals in a hotly contested mid-tier IT services market

According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

GCC business contributes 10% to Coforge revenue amid growing demand

Maddee Hegde, executive vice president and head of the company's business process service (BPS) and GCC units, told Business Standard in an interaction-Coforge is focusing in its core verticals

Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure

In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform

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

Wipro shares dip 6% on disappointing Q4 results; weak Q1 guidance

As per the management, client spends deteriorated toward the end of Q4, and Q1 could see further impact.

Indian IT services industry to see 4-6% revenue growth in FY26: Icra

IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe

Wipro eyes best day in 4 yrs on echoing hopes of IT peers' demand revival

Wipro beat third-quarter profit estimates and forecast revenue in the current quarter could increase sequentially by up to 1 per cent, compared with no growth last quarter

TCS headcount down by over 5K; attrition rose 13%, promoted 25K in Q3

India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24

NTT DATA announces intent to acquire cloud engg firm Niveus Solutions

The acquisition accelerates NTT DATA's strategy to expand its cloud capabilities to meet the global demand for cloud solutions across industries

Why are Indian IT service providers not tapping into the domestic market?

While the 'Make in India' initiative has boosted domestic smartphone manufacturing, the $200 billion Indian IT services industry remains focused on international markets over the domestic one

Markets decline for second consecutive week; Sensex ends 230 points lower

Only 3rd such instance for Nifty this year