Page 2 - It Services

Cognizant CEO Ravi Kumar says firm back in top four IT services firms

Ravi Kumar said Cognizant has rejoined the top four IT services firms globally ahead of his 2027 target, supported by steady growth, large deals, and margin expansion

Trump supporters' bid to block IT outsourcing puts jobs, growth at risk

Trump's possible move to block US companies from outsourcing IT work to India threatens a $282 bn industry, risking jobs, exports, and tech delivery models

UST sells subsidiary HealthProof for more than $1 bn to Bain Capital

UST will sell healthcare unit HealthProof to Bain Capital for over $1 bn and use proceeds to expand AI, cloud transformation, and data modernisation platforms

High single-digit growth to still elude IT firms for some time: Cognizant

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

Vibe coding flips the script on IT hiring, opens doors for non-tech talent

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

Coforge edges past rivals in a hotly contested mid-tier IT services market

According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis

Is GenAI causing a Manchester moment for IT services?

Rising GenAI adoption could erode India's IT labour arbitrage model and pressure service revenues, unless firms pivot to IP, product innovation, and higher-value tech

Macro headwinds likely to keep a cautious tab on Info Edge stock

Management says a large part of the current marketing spends is for brand building, which may be cut sharply if needed

IT companies' valuation hits 5-year low amid selloff by investors

The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years

Upskill or risk losing job: IT firms warn employees as AI takes hold

The $282 billion sector, employing around six million people, has long been one of the country's largest organised job creators

Happiest Minds tightens skill scrutiny as attrition climbs to 18.2%

As demand weakens and client expectations shift, Happiest Minds is enforcing tighter evaluations and reducing talent mismatch to align with growth and cost goals

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

Signs of the future: India must prepare to deal with AI adoption

The fast-changing technology landscape, with the growth and adoption of AI, is making not only tech firms but businesses across the spectrum adapt

Nifty IT index slides 1.5%: Why did IT stocks fall today?

Infosys shares fell despite analysts remaining positive after the company reported in-line first-quarter earnings

India's top IT firms have more than 250,000 highly skilled AI employees

Tata Consultancy Services (TCS) has about 114,000 people with higher order AI skills, which the company believes will allow it to create a 'skills pyramid'

Wipro shares see best day in over 2 months post Q1 results; time to buy?

Wipro shares rose 4 per cent after its first-quarter earnings met expectations. However, analysts remained cautious on margin outlook

HCLTech sees rating downgrade post Q1 results, guidance disappointment

Guidance indicates that margins will remain subdued in Q2FY26, as some restructuring cost will spill over

Motilal Oswal sector of the week: IT services; check stock picks, targets

Growth trends across the India IT sector continue to diverge. While Tier-I companies are likely to post flat to marginal constant currency revenue movement, mid-tier firms are expected to outperform.

TCS Q1 FY26 net profit rises 6%; misses estimate on revenue growth

TCS reports a 6% YoY rise in net profit for Q1 FY26, but misses revenue growth expectations. The company's revenue grew by just 1.3%, falling short of analysts' forecasts

Changing skill demands: Era of big bench strength at IT firms may be over

Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years