Page 34 - It Sector

If all's well, Hyderabad IT sector expected to grow at 10% in FY21: Report

Despite slowdown due to Covid-19, Hyderabad's IT sector is expected to grow around 10% during the current financial year, a whitepaper by Hyderabad Software Enterprises Association (HYSEA) said

Credit Suisse cuts stance on IT, healthcare; turns bullish on banks

In June, the brokerage had turned bullish on IT citing low P/E

IBM reports revenue declines for three straight quarters; shares fall 2.7%

Reporting sales declines for three straight quarters, IBM has posted $17.6 billion in revenue in the third quarter of this year, compared to $18 billion for the same period last year.

Infosys Q2 preview: Large deal wins to drive revenue growth, say analysts

Edelweiss Securities expects revenue to grow 3.9 per cent QoQ in constant currency terms and 5.4 per cent QoQ in US dollar terms.

Wipro Q2 preview: CEO's strategy to revive growth, Q3 growth guidance eyed

Key focus areas include commentary on verticals such as healthcare and retail and an update from the new management on the company's growth strategy.

Trump imposes curbs on H-1B visas to protect US workers ahead of election

Trump administration announced new restrictions on H-1B nonimmigrant visa programme which it said is aimed at protecting American workers

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.

IT stocks: Double-digit growth required to justify high valuation multiples

Over the last 3 months, the Nifty IT index has gained a whopping 35 per cent, almost 6 times the rise in the Nifty50

Financial sector is in the middle of a perfect storm: Pankaj Murarka

"September quarter earnings will be somewhat a mixed bag, as the pandemic has had varying impact on companies across sectors," says Murarka.

E-commerce, IT, telecom and pharma buck lockdown trend, stay resilient

Confined indoors, people veered towards over-the-top (OTT) platforms and ordering everything online

MAIT appoints Nitin Kunkolienker as president, appoints 15 new members

The Manufacturers' Association of Information Technology (MAIT) on Thursday said Nitin Kunkolienker, director (member on board) of Synegra EMS Ltd, has been named as the body's president for 2020-21.

Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price

This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent

Hexware delisting hangs in balance with 25 mn more shares needed

About 58 mn shares tendered so far, and just a day left to achieve mandatory 90% acquisition target

HCL Tech surprises street with strong revenue outlook, robust deal book

Demand to improve as IT spending is expected to increase across sectors

IT services to remain significant to India's job environment: TCS CEO

He added that this is on account of the demand for talent and services, which is "only going to explode given the role that technology is playing today and in future"

Happiest Minds Technologies' IPO a good chance to ride digital wave

Sturdy profitable growth potential led by 97% digital revenue share justifies valuation

Telecom, automobile companies lead earning downgrades, shows data

The financial sector has seen earnings downgrade of nearly 30 per cent amid uncertainty over NPAs build-up

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Re-rating potential in Tech Mahindra as growth outlook improves

Rising focus on network upgradation and spending on 5G equipment by telecom industry augurs well