Page 13 - It Firms

IT companies look to cut jobs at mid, senior levels in coming quarters

As hiring in US rises, with resulting cost pressure, these staffers in India are at risk; advent of digital tech another reason

Slowdown blues: Demand worries likely to dim IT firms' growth outlook

Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations

Tech workers backing candidates looking to break up their employers

Elizabeth Warren is outpacing all candidates in contributions from Silicon Valley, according to FEC data

Domestic IT services companies increasingly absorbing staff of clients

Experts say the recent deals by TCS and Wipro will have impact on operating margin, but it will only reflect in the third quarter of this financial year

Infosys to stay on top: Why IT company's stock outperforms its peers

Robust deal pipeline, margin gain hopes have helped it to bridge the valuation gap with TCS

Indian IT majors face employment issues with local hiring in US

Refusal by employees to relocate poses stiff challenge for tech firms

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

Client-specific risks a trip factor for IT companies, says analyst

Among Indian companies, Everest, HCL Technologies, Tata Consultancy Services and Infosys Technologies have significant exposure to Deutsche Bank

Restrictions hurting our operations in China, IT industry tells Goyal

Despite the Chinese IT services market remaining the third largest globally, investments by the Indian industry have not been able to grow owing to unique challenges faced while setting up shop

IT majors meet Piyush Goyal, flag barriers in accessing in China market

The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro

Scarcity of talent likely to hit IT companies' forecasts for FY20

Indian IT services firms such as TCS and Infosys have announced a record number of deal closures in the past couple of quarters

18% GST likely on back-end IT services as they don't qualify as export

The move will have consequences for service providers in back-end services and post-sales support, among others

Outsourcing deal concerns IT firms, weakness in BFSI could impact: Experts

According to brokerage Prabhudas Lilladher, growth in technology spending atn BFSI clients in the US and Europe may be muted in 2019-20

Tech complexities make reskilling of employees costlier at IT companies

Declining profit margins seen as an issue in deciding to spend time and money; however, it is becoming a priority area

Domestic IT firms may face growth headwinds in second half of 2019

Margins may come under further pressure owing to large scale hiring last year

IT services firms likely to show strong Q3 growth on deal momentum

Seasonal furloughs to have minimal impact, guidance for full year to be keenly watched

From NEC to Fujitsu, Japanese IT firms scout for acquisitions in India

These firms are reportedly acquiring companies in other key regions to improve their global footprint

HCL Technologies to Tech Mahindra, IT firms move towards early retirement

Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India

IT companies see growth deceleration in Europe though US bounces back

"Companies in the European region are little cautious on outsourcing because of Brexit-related concerns", says Pareekh Jain

Share buybacks might actually end up harming IT companies' competitiveness

The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans