Page 27 - It Sector

ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter

The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21

Weakening rupee a silver lining for recently downgraded IT sector

IT index may be bottoming out at current levels; fall in rupee can help companies offset some of the cost and growth pressures

TCS aims to be world's largest IT company; says large-scale ops not a worry

The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year

13-15% growth guidance strongest for Infosys: MD & CEO Salil Parekh

Infosys Chief Executive Officer and Managing Director Salil Parekh said the guidance of 13-15 per cent is the strongest ever for the company at the start of a financial year (2022-23)

Valuation pressure

Outlook for the IT sector has changed considerably

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

Will the IT sector deliver a stellar show in Q4?

India Inc is all set to start the Q4 earnings season. IT major TCS will kick-start the season with its results later today. Will the sector's performance be marred by the geo-political risks in Q4?

TMS Ep147: Edtech sector, electric two-wheelers, IT sector Q4, KYC

What's stressing India's edtech sector? Moment of reckoning for electric two-wheeler makers? Will the IT sector deliver a stellar show in Q4? What is KYC? Find all answers here

Fundamental drivers for IT sector growth remain intact: HDFC Securities

The IT index is up more than 40 per cent over the past year, supported by earnings upgrade

181 new companies, 10k jobs created in IT sector despite Covid: Kerala CM

The Chief Minister mentioned several ongoing construction activities and new projects coming up in the sector

Coforge's promoter sells 10% stake in IT firm for Rs 2,560 crore

According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh shares, aggregating to 9.85 per cent stake in the company

TCS plans re-structuring; aims to achieve $50 bn revenue by 2030

TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

IT companies click on gender diversity, scout for talent across the board

Already the largest employer of women, these companies are now viewing women as the cutting edge of the talent war

IT industry on the road to becoming $350 bn in revenue terms by 2026

The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

Hope builds on visible signs of the old normal; offices start opening up

Activity picks up in restaurants, shops

Cos can gain $357 bn in profits a year with people focus, ESG: Infosys arm

While digital adoption and ESG orientation individually drive profits, they are more effective together, says the Infosys Digital Radar 2022 report

Gujarat eyes 8-fold rise in exports to Rs 25k cr with new IT policy

Aimed at promoting new SMEs, along with a few big projects, the policy looks to grow the current exports of roughly Rs 3,100 cr to Rs 25,000 cr in next five years

Working with AWS to meet growing demand for online learning: upGrad

upGrad has moved the vast majority of its IT infrastructure to AWS, a move that has helped the higher education technology provider rapidly scale to meet the burgeoning demand for online education