Page 2 - It Companies

IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal

After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.

Change and churn: More than 60 former 'darlings' dropped since 1985

Replacements since 1985 reflect India's economic transformation

Labour codes: IT firms face 5-10% payroll hike, may rejig HR systems

The Indian IT/ITeS sector is one of the largest employment generating sector. The industry is expected to have an employee base of 5.8 million in FY26, according to UnearthInsights

Salesforce to expand investments, operations in India, says Parameswaran

US-based IT firm Salesforce, which has witnessed multi-fold growth in its business and investment, will continue to invest and grow in India, as the country has the right set of talent pool available, its Executive Vice President and MD (South Asia) Arun Kumar Parameswaran said. Salesforce started operations in India in 2005 with its first centre of excellence in Hyderabad. Now, the company is spread to six locations in India with an annual revenue of USD 1 billion and a workforce of over 13,000. India is the second-biggest market for the company after the US. "We were about 2,500 in 2020...now, we have a headcount of over 13,000, over a five-fold jump...we will continue to invest and grow in India because the country has a lot of skills that everybody wants to hire," he told PTI in an interaction. Besides, he said the company has a proven track record of being able to deliver innovation at scale and speed. The global customer relationship management (CRM) technology solutions gian

Coforge gains 6% as analysts turn bullish after Q2, see up to 36% upside

On the bourses, Coforge share price zoomed up to 5.98 per cent to hit an intraday high of ₹1,866 per share post Q2 results.

IT sector shows signs of recovery as clients warm up to AI-led projects

Infosys, which topped analyst estimates for profit and revenue in the second quarter, sees full-year revenue growth of 2-3%, compared with its prior view of 1-3%

HCLTech Q2 result: Net profit flat at ₹4,235 cr, dividend declared

HCLTech's revenue from operations for the quarter stood at ₹31,942 crore, up 10.7 per cent year-on-year (Y-o-Y) from ₹28,862 crore, and 5.2 per cent quarter-on-quarter (Q-o-Q) from ₹30,349 crore

Tata Elxsi Q2FY26 results: PAT falls 32% to ₹155 cr, revenue down 3.8%

However, the revenue from operations decreased by approximately 3.87% to ₹918.1 crore in Q2FY26; it had reported ₹955.09 crore in the same quarter of last financial year

Clash of the titans: Legal disputes among IT services firms on the rise

Platform-based, intellectual property-driven models trigger cases

Shifting work back home to cut H-1B visa need: IT companies to govt

The companies had discussions with the government after the US administration announced a sharp hike in H-1B visa fees to a staggering $100,000

Vibe coding flips the script on IT hiring, opens doors for non-tech talent

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

Intel has agreed to a deal for US to take 10% equity stake, says Trump

The move marks a clear change of direction just weeks after Trump called for the resignation of the company's new chief Lip-Bu Tan over his "highly conflicted" ties to Chinese firms

Infosys fined over ₹66 lakh in Singapore for delay in GST payment

Infosys penalised in Singapore for GST delay; acquires 75% stake in Telstra's Versent Group to advance AI-led cloud and digital offerings in Australia

Acer join hands with Plumage Solutions for Puducherry IT hardware unit

The investment is part of Acer India's localisation roadmap, focused on boosting domestic production

IT companies' valuation hits 5-year low amid selloff by investors

The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years

Q1 miss, muted deals: What should investors do with Birlasoft stock now?

Birlasoft shares fell up to 3.4 per cent to an intraday low of ₹368.70 per share on Friday, reflecting investor reaction to the below-par results and weak deal momentum.

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

Markets fall amid IT, FMCG earnings disappointment; Sensex down 543 points

Domestic equity markets closed lower due to a sell-off in heavyweight stocks like Reliance Industries, HDFC Bank, and Infosys, amid weak earnings from IT and FMCG sectors

This smallcap IT stock jumps 7% on order win today; here's why

Atishay stock was up 6.2 per cent at ₹136.95 compared to the previous day's close of ₹128.95 on the BSE

LTIMindtree Q1 steady; analysts see signs of revival under new leadership

While LTIMindtree's top line marginally missed Bloomberg estimates of ₹9,855.4 crore, the bottom line outperformed expectations pegged at ₹1,194 crore.