Page 3 - It Service

Metro AG extends partnership with Wipro for two additional years

Wipro extends its partnership with Metro AG for an additional two years, continuing to provide digital services across cloud, data, application development, and AI-enabled IT support

R Systems shares rise 4% on partnership with AI cost firm Mavvrik

R Systems stock rose 4 per cent after it announced a partnership with Mavvrik to help enterprises gain visibility and precise financial control

LTIMIndtree, Aramco Digital to start IT services company in Saudi Arabia

LTIMindtree and Aramco Digital launch NextEra in Saudi Arabia to accelerate digital transformation, boost local IT services, and support Vision 2030 goals

Currency paradox: Rupee's gain aids macro outlook; risks India Inc earnings

The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure

In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform

Transition time: IT services sector to see new winners and losers

American retailers - such as Best Buy, Walmart, and Target - have indicated that higher prices are affecting their sales

IT-ITes revenue over $250 bn, exports account for $200 bn: STPI DG

Revenue of IT and IT-enabled services in the country has crossed USD 250 billion out of which USD 200 billion is from exports, a senior government official said on Wednesday. While speaking at the inaugural session of Indiasoft 2025 and India Electronics Expo, Software Technology Parks of India (STPI), Director General, Arvind Kumar, said that the country's IT-ITes revenue has come a long way from USD 20 million in 1992-93. "This consistent effort of ESC, Government of India and support of ESC types of the organization means that today, from IT-ITes services, we have revenue of more than USD 250 billion. STPI's journey started when we had only USD 20 million in export from this country. It's a journey of USD 20 million to 250 million US dollars out of this USD 200 billion is from export," Kumar said. He said that the Electronics and Computer Software Export Promotion Council has always been very instrumental over the promotion of export from this country. Kumar said that now the ..

Hiring by GCCs likely to grow nearly 27% in FY26, to outpace IT again

Demand for domain experts, specialised skillsets the trigger

SuperOps secures $25 mn in Series to drive AI innovation, expand Globally

SuperOps also unveils Monica, a hyper-contextual AI super agent that empowers smarter, faster business decision-making

Explained: What are foundational models, examples of common ones?

Foundational models are a form of artificial intelligence models that can perform a wide range of tasks

Accenture, TCS, Infosys, HCLTech top 2025 Brand Finance IT Services ranking

Indian IT players are expected to benefit significantly from renewed demand, further strengthening India's position as a critical player in the industry

Infosys Q3 Preview: Profits may jump by 11%, revenues to rise by 6%

Indian information technology (IT) company, Infosys, is scheduled to deliver its October-December quarterly earnings for the financial year 2024-25 (Q3FY25) on Thursday, January 15, 2025

HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%

HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds

Most brokerages bullish on TCS post Q3; CLSA upgrades to 'Outperform'

Analysts have mixed views on TCS following its Q3FY25 performance, with several brokerages highlighting the company's growth potential despite near-term challenges

Flying taxis startup ePlane partners with TCS to ease urban mobility

Together, they aim to create transformative solutions that address pressing urban challenges, such as congestion, inefficiency, and environmental sustainability

Accenture beats estimates for Q1 revenue on rise in services demand

The company's new bookings rose to $18.7 billion for the first quarter from $18.4 billion a year earlier

Slower corporate wage growth impacts consumer demand in India

Effects of single-digit salary growth for 3 qtrs on consumer spending are now palpable

IT major TCS turns to home turf as it looks to redraw revenue map

Sets up vertical to focus on high-growth markets

Why are Indian IT service providers not tapping into the domestic market?

While the 'Make in India' initiative has boosted domestic smartphone manufacturing, the $200 billion Indian IT services industry remains focused on international markets over the domestic one