Page 7 - Indian It Services Firms
Coronavirus scare: IT services firms draw business exigency plans
With uncertainties around growth outlook, most companies are likely to go slow on their payback plans to shareholders
 "Coronavirus scare: IT services firms draw business exigency plans")
Coronavirus outbreak: IT services companies widen travel restrictions
Apart from such advisory, IT biggies such as Tata Consultancy Services (TCS), Infosys and HCL Technologies among others have been pursuing 'remote working' model to overcome the situation.
 "Coronavirus outbreak: IT services companies widen travel restrictions")
Big domestic IT services firms may see tepid revenue growth in Q3
Both TCS and Infosys are likely to expand operating margins in Q3
 "Big domestic IT services firms may see tepid revenue growth in Q3")
India's IT services and business to grow 6.9% to $13.3 bn this year: Report
According to the IDC's report, the IT and Business Services market is further expected to grow annually by 6.8% to be valued at $14.2 billion by December 2020
 "India's IT services and business to grow 6.9% to $13.3 bn this year: Report")
Finland to reduce time for grant of work visas to under two weeks
The move was aimed at attracting more software professionals from countries like India, he said
 "Finland to reduce time for grant of work visas to under two weeks")
IT results mixed bag, but hiring remains robust in September quarter
Revival of spending by BFS & retail clients may take some more time
 "IT results mixed bag, but hiring remains robust in September quarter")
Infosys bets big on engineering services as it spreads across segments
According to the IT firm, the engineering services segment spreads across communication, manufacturing, retail & CPG and life sciences verticals
 "Infosys bets big on engineering services as it spreads across segments")
Microland repositions service offerings with bigger Internet of Things play
The firm has undergone a rebranding exercise with a tag line 'making digital happen'
 "Microland repositions service offerings with bigger Internet of Things play")
Market will continue to shift from focus on buyer to user: Jagdish Sheth
He says, while charting uncertain times, the key is not to look at daily changes in weather, but to look at changes in the season
 "Market will continue to shift from focus on buyer to user: Jagdish Sheth")
No double digit growth for Indian IT services firms for next 3 yrs: Report
According to a report by credit rating agency ICRA, Indian IT services companies are expected to register a compounded annual growth rate (CAGR) of mid-to-high single digits for the period FY2017-2020
 "No double digit growth for Indian IT services firms for next 3 yrs: Report")