Page 22 - It Services
Bengaluru highest paying city, IT employees bag highest salaries: Report
Bengaluru had topped the list in 2017 and 2018 Salary Trends report as well
 "Bengaluru highest paying city, IT employees bag highest salaries: Report")
India's IT services and business to grow 6.9% to $13.3 bn this year: Report
According to the IDC's report, the IT and Business Services market is further expected to grow annually by 6.8% to be valued at $14.2 billion by December 2020
 "India's IT services and business to grow 6.9% to $13.3 bn this year: Report")
IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%
IT stocks currently trade at a 7 per cent discount to Nifty
 "IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%")
Randstad's net employee addition could stagnate this year due to slowdown
India's stood addition at 10,000-12,000, as opposed to a 67% growth last year; however, agency says no cause of immediate alarm in job market though economy is muted
 "Randstad's net employee addition could stagnate this year due to slowdown")
IT results mixed bag, but hiring remains robust in September quarter
Revival of spending by BFS & retail clients may take some more time
Infosys bets big on engineering services as it spreads across segments
According to the IT firm, the engineering services segment spreads across communication, manufacturing, retail & CPG and life sciences verticals
 "Infosys bets big on engineering services as it spreads across segments")
Vodafone ldea extends partnership with IT major TCS for 5 years
TCS has been VIL's technology partner in this journey, managing all of its customer-facing applications
 "Vodafone ldea extends partnership with IT major TCS for 5 years")
Q2 earnings: Top IT services companies likely to report steady growth
Analysts are still cautious about the outlook for the banking, financial services and insurance (BFSI) vertical
 "Q2 earnings: Top IT services companies likely to report steady growth")
Growth of IT services firms to remain in 6-8% range in FY20, says Icra
Adoption of digital technologies has reached inflexion point and is triggering large scale re-architecture programs
 "Growth of IT services firms to remain in 6-8% range in FY20, says Icra")
Microland repositions service offerings with bigger Internet of Things play
The firm has undergone a rebranding exercise with a tag line 'making digital happen'
 "Microland repositions service offerings with bigger Internet of Things play")
18% GST likely on back-end IT services as they don't qualify as export
The move will have consequences for service providers in back-end services and post-sales support, among others
 "18% GST likely on back-end IT services as they don't qualify as export")
Mid-tier IT services companies hiring top executives from larger peers
They feel this move will help them scale up at a faster pace
 "Mid-tier IT services companies hiring top executives from larger peers")
Indian IT services firms are strengthening consulting practice: Experts
For decades, Indian IT services firms have been seen as not so strong in the consulting space as compared to Accenture, IBM and Capgemini
 "Indian IT services firms are strengthening consulting practice: Experts")
India IT and business services market to reach $13.9 bn by 2019: IDC
Security services continued to gain ground in first half of 2018 due to a rise in the nature and complexity of cyber threats
IT services professionals feel undervalued by management
Vantage point: Insights from cutting-edge research
 "IT services professionals feel undervalued by management")
Virtual team rooms: How Indian IT can get past tougher H1-B visa norms
Analysts say cos may consider local hiring anticipating minimum wage of H1B holders getting at par
 "Virtual team rooms: How Indian IT can get past tougher H1-B visa norms")
IT services: Time for transition
A CEO said, this year may well determine who the 'has-beens' and the 'to-bes' of the industry are
 "IT services: Time for transition")
US visa norms, technology shift add to IT margin pressure
Software services industry may have to relook its cost structure to maintain a higher margin
 "US visa norms, technology shift add to IT margin pressure")
H1B restriction fears, muted Q3 earning forecast hurting stocks of IT firms
Pricing pressures on traditional services, shift towards digitisation to impact operating margins
 "H1B restriction fears, muted Q3 earning forecast hurting stocks of IT firms")
Indian IT will acquire more small firms as they look to bridge digital gaps
These acquisitions will be driven by the need for transformation as digital technology firms
 "Indian IT will acquire more small firms as they look to bridge digital gaps")
