Page 15 - It Firms

Not just Cognizant: Other IT firms may hire 40% fewer engineers this year

Even if there were no Brexit or US Elections, hiring by IT firms would have been the same

Indian IT may face margin pressure till FY20

Indian IT service providers are likely to see their operating margins subdued for three years till financial year 2020, as they struggle to get better prices for traditional services and generate new business in digital and cloud that require expensive hires to work on client locations. The pressure on Indian firms such as TCS, Wipro, Infosys and HCL Technologies increases as they fight global firms such as IBM, Accenture and Capgemini see improved business in emerging areas and generate better margins from a lower base, says a report by brokerage firm Prabhudas Lilladher. The margins for Indian firms are between 20 and 26 per cent, which is substantially higher than what global firms such as IBM, Accenture and Capgemini earn. The struggle to retain margins means that ambitious targets set by Indian IT services majors like Infosys and Wipro, who expect margins to be 30 per cent and 23 per cent by 2020, could be an uphill task. Infosys chief executive Vishal Sikka has set a goal to ...

Campus hiring drops: Infosys, TCS, Wipro focus on reskilling existing staff

Campus hiring drops as academia lags, with firms trying to marry resources to changing market

IT companies log on to 'Hire American'

Nasscom and govt to campaign with Trump administration, saying Indian firms were net job creators

Good time for cash-rich IT firms to go for share buy-back, say analysts

Country's top four listed IT companies are sitting on a combined cash pile of nearly $16 billion

Insight: IT firms have rarely traded at lower valuations, time to rethink

Most Indian companies have not yet adapted to the cloud; to artificial intelligence; and to business models like software as a service

Headwinds facing IT firms may turn next year

While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections

Headwinds facing IT firms to turn next year

While TCS, Infosys and Wipro have hinted at a weak quarter, analysts say the slowdown is cyclical

Chennai court orders HCL to reinstate sacked employee

It said job of an engineer in a software company involves skills and technical knowledge, therefore they are workmen

IT firms hiring students with niche skills

Such hiring is restricted to top colleges and forms just one to two per cent of the overall recruitment