Page 4 - It Industry

Nasscom launches 'Makers Honor' to spotlight India's tech engineers

'Makers Honor' aims to celebrate unsung engineers behind India's tech success in AI, open source, infrastructure and social impact, with support from GitHub and industry veterans

BLS International Q1FY26 results: Net profit rises 49.8% to ₹181 crore

Visa and citizen services provider BLS International saw its Q1FY26 profit rise nearly 50% YoY to ₹181 crore, aided by strong digital, visa and consular segment growth

Non-information technology sectors stole the show in July hiring trend

July was also when TCS shook the IT industry job market by announcing layoffs of over 12,000 employees, raising concerns that hiring in this sector could be under severe stress

Statsguru: Has TCS's job cut signal set the tone for the IT industry?

TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415

For India's IT cos, growth in Europe may only be a temporary relief

Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors

IT cos warn employees to reskill or risk losing jobs amid AI transformation

From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Nasdaq-listed IT company gains on performance of BFSI and health science verticals, and large deal wins

Bulk of TCS layoffs may take effect this qtr, affecting over 12K employees

Severance packages range from 3 to 5 months' salary, depending on seniority

Nasscom predicts workforce rationalisation as IT industry transitions

Nasscom expects workforce rationalisation as IT services transition to a product-aligned delivery model, driven by AI and automation. TCS's recent layoffs signal changes in the sector

India's top IT services firms wrap up Q1 with single-digit topline growth

India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers. An overview of Q1 report cards of Indian IT giants shows year-on-year revenue growth ranging from 0.8 per cent (for Wipro) to 8.1 per cent (HCL Technologies). Axis Securities, while penning its results review on Infosys, noted that overall the business environment remains uncertain due to unresolved tariffs and geopolitical issues, prompting clients to be cautious with discretionary spending, and delaying decision-making. Nuvama Institutional Equities expects the demand environment to remain challenging for the next one-two quarters due to macro ...

FY26 likely to be another slow year for IT companies, say analysts

Analysts say possibility of hitting high single-digit revenue growth looks unlikely

Attrition, hiring at IT companies continue to float on choppy waters

This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity

Infosys Q1 FY26 result: Net profit up 8.7% at ₹6,921 cr on large deal wins

Quarter-on-quarter (Q-o-Q), consolidated net profit declined 1.9 per cent from ₹7,033 crore in Q4FY25

TCS delays onboarding of over 600 experienced execs: NITES to govt

NITES urges Labour min to intervene after TCS delays onboarding 600 professionals, despite commitments via offer letters. It also calls for compensation and mental health support for affected hires

Wipro keeps IT momentum going; Q1 profit rises 10.9% to ₹3,330 crore

Wipro Q1 profit rises 10.9%, flat Q2 guided on strong deals

Hard for traditional BPM firms to invest big in AI: WNS CEO Keshav Murugesh

Keshav Murugesh discusses WNS's merger with Capgemini and the roadmap for AI-led intelligent operations

No clarity on FY25 salary hike, says TCS amid economic uncertainties

TCS has not decided on salary hikes for FY25 due to macroeconomic uncertainties and delayed deal closures, with an update expected once the situation improves, says HR head Milind Lakkad

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

Clients should see growth through AI in the next few years: Rafee Tarafdar

Tarafdar spoke about Agentic Foundry, which develops AI agents for enterprises

TCS expands SDV capabilities with new centres in Germany and Romania

TCS launches automotive delivery centres in Munich and Villingen-Schwenningen and an engineering hub in Romania to support global shift to software-defined vehicles