Page 4 - It Sector

Cognizant gives 100% bonus to employees for 2025 after strong results

Cognizant awards a 100% bonus after beating growth estimates, with CEO Ravi Kumar saying the company has reached its "winner's circle" ahead of schedule

Some of our gig workers make more than fresher IT engineers: Urban Company

Gig workers associated with Urban Company are earning at par and, in several cases, much higher than entry-level salaried professionals employed in the country's IT and ITeS sectors, the doorstep home and personal care services firm said on Wednesday. Urban Company claimed that the average monthly net in-hand earning of all active service professional partners on Urban Company platform has increased about 7 per cent to Rs 28,322. "Urban Company service professionals earn at par, and in several cases much higher than entry-level salaried professionals employed in India's IT and ITeS sectors. With average net monthly earnings of Rs 28,322, Urban Company service professionals' earnings are comparable to typical IT fresher salaries," the company said in a statement based on nine month data of current fiscal year. Urban Company said the findings are based on publicly available industry data, including Glassdoor estimates, assuming that entry-level IT and ITeS salary benchmarks are at Rs

Cognizant Q4 net profit rises 19%, to hire more freshers this year

US-listed IT major beats growth guidance for 2025 on strong deal wins, margin expansion and rising financial services demand

Anthropic's upgraded AI tool may intensify competition in tech world

Anthropic's update to its agentic AI tool Claude Cowork is fuelling concerns over disruption in software and IT services, as AI agents begin to replace legacy workflows

India-US trade deal brings glimmer of hope for beleaguered IT services cos

India-US trade deal eases fears of tariff spillover into IT services, offering relief to Indian tech firms amid weak global demand and delayed client spending

Indian IT industry shifting from software to AI solutions, says Vaishnaw

Ahead of the India-AI Impact Summit 2026, Ashwini Vaishnaw said India's IT industry is moving from software to AI, re-skilling employees and training students nationwide

Eco Survey: Services sector a growth anchor, skill gaps creating challenges

Economic Survey 2025-26 says India's services sector continues to underpin growth, exports amid global uncertainty, but rapid technological change, AI adoption are outpacing skill adaptation

India-EU FTA: One-stop hub to aid movement of skilled professionals to EU

Supports IT services industry and students

Cautious near-term outlook to weigh on Info Edge amid weak IT hiring

The company's billings in Q3 for the Naukri or recruitment segment were up 11 per cent year-on-year but were lower than Street expectations

Coforge CEO Sudhir Singh expects PE investor to open new growth channels

Coforge CEO Sudhir Singh says Advent International's board entry and the Encora acquisition will open new growth channels as deal momentum and AI-led demand stay strong

Persistent Systems slips 5% on profit booking despite strong Q3 show

Persistent Systems share price today: Market participants attributed the decline largely to profit booking after a sharp rally over the past few months rather than any deterioration in fundamentals.

LTIMindtree shares slide 7% as near-term margin pressures worry investors

Analysts broadly agree that execution on large deals, margin discipline and progress on the CEO's strategic priorities will be key to driving growth beyond the current fiscal.

Signs of recovery: IT sector's results promising, guidance lifts outlook

Infosys and HCL Tech have both materially raised guidance. TCS has said that it expects FY26 international revenues to exceed the level of FY25

Infosys Q3 net profit down 2.2% at ₹6,654 crore on new Labour Codes

Infosys raised its FY26 revenue growth guidance to 3-3.5 per cent despite a 2.2 per cent year-on-year decline in Q3 profit, supported by strong deal wins and pipeline momentum

IT companies double down on work from office rules amid AI disruption

Experts say a slow growth environment and shorter project life cycles in the age of artificial intelligence (AI) have made these firms double down on office presence and being closer to their clients

Q3FY26 results preview: IT companies' growth likely to remain muted

Management commentary on AI-led demand to be watched closely

₹1-trillion-mcap firms grew 14% in 2025 despite market turbulence

Despite market volatility, India's ₹1-trillion market-cap club expanded in 2025, driven by IPOs, largecap dominance and sectoral shifts

IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal

After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.

Sensex@40: Legacy companies make way for modern businesses on the index

Over four decades, traditional players have ceded significant ground to state-run enterprises and new, institutionally owned businesses that now drive market growth

Risk of AI disruption to white-collar jobs lower in India: IT Secretary

India faces a lower risk of AI-driven disruption to cognitive jobs compared to Western economies, IT Secretary S Krishnan has said, citing the country's relatively lower proportion of white-collar roles in the overall workforce, and highlighted that the dominance of STEM-based employment can yield newer opportunities. Krishnan said AI's (Artificial Intelligence) real impact will come from building and deploying sector and use-specific applications, a process that will require large numbers of trained professionals. He added that this is where India's strength lies and where new AI-driven job opportunities will emerge. "... For India, where the number of white-collar jobs relative to other jobs is much lower than in the West, this risk to cognitive jobs, I don't think, is as serious as it is in other places. Also, the fact that most of our white-collar jobs are in the STEM space and... means that we have an opportunity...," Krishnan told PTI in an interview, as he weighed in on the AI