Page 36 - It Sector

Finance, IT lead in job creation, capital-intensive sectors in cuts: CARE

The report shows that job growth, which had picked up by 2016-17, slumped in the two succeeding years - 2017-18 and 2018-19

Mid-sized IT firms disappoint in Sep quarter; L&T Infotech an exception

Barring hi-tech, media and BFS, all other segments demonstrated strong growth for it

Why IT giants are cutting jobs at mid, senior levels

Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue

Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15

Infosys has sought formal approval for setting up a sector specific SEZ for IT/ITeS at Kancheepuram district in Tamil Nadu

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

IT results mixed bag, but hiring remains robust in September quarter

Revival of spending by BFS & retail clients may take some more time

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

Personalisation, end-to-end digital services may drive IT sector: Analysts

The companies have also invested heavily in digital marketing and improving consumer experience.

The Infosys test

Credibility of the Indian IT sector is at stake

Overall hiring intention of IT employers drops 5 percentage points: Survey

The report further noted that Indian IT companies intend to hire mostly freshers, up to five years experience

Oracle to hire 2,000 workers to expand cloud business to more countries

Jobs will be added in Oracle's software development hubs in Seattle, the San Francisco Bay Area and India

Cognizant confident of growth, will hire more in India: CEO Brian Humphries

Humphries, who took over the reins of the company earlier this year, said he has spent the past few months in marathon meetings with clients and employees

Accenture earning, record order bookings hint at good time for IT sector

Accenture, which follows a September-August accounting year, has seen record bookings of $12.9 billion in Q4

HCL Technologies has scope for raising growth guidance, say experts

The current revenue growth guidance of 14-16% for FY20 is seen as conservative

Infosys revisits global delivery model to lower dependence on H1B visas

Firm revealed this new strategy in Arizona, where the company opened its sixth tech and innovation centre

Enjoying tax holidays, IT firms won't gain much from the rate cut

The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent

Top 10 biz headlines: Jobs galore for techies, Jet lenders meet and more

From record hiring in IT industry to rising smartphone shipment to India, here are the top business headlines for Monday

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

Cognizant looks to raise sales headcount to spur digital revenue

The move comes at a time when the company is optimising its employee pyramid apart from rationalising its SG&A expenses

HCL Tech posts double-digit revenue growth in Q1; net profit falls 8%

The IT services firm posted 18.4 per cent rise YoY in its revenues at Rs 16,425 crore