Page 25 - It Services

Coronavirus spread: IT services companies likely to go slow on hiring

Among IT firms, market leader Tata Consultancy Services (TCS) has added around 30,000 fresh graduates in this financial year

Wipro unlikely to see impact of coronavirus outbreak in March quarter

Discretionary spend by the clients take a hit during slowdowns or uncertain business environment, as such spends are largely under the discretion of the clients

Coronavirus impact: Infosys revenue growth likely to decline in FY21

However, the IT services firm is better-placed to handle the slowdown arising from COVID-19.

Mindtree founders drop promoter tag as firm reclassifies them as 'public'

Founders had requested for the reclassification in July last year after L&T took over the Bengaluru-based firm

Big domestic IT services firms may see tepid revenue growth in Q3

Both TCS and Infosys are likely to expand operating margins in Q3

Bengaluru highest paying city, IT employees bag highest salaries: Report

Bengaluru had topped the list in 2017 and 2018 Salary Trends report as well

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

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty

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

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

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

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

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

Microland repositions service offerings with bigger Internet of Things play

The firm has undergone a rebranding exercise with a tag line 'making digital happen'

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

Mid-tier IT services companies hiring top executives from larger peers

They feel this move will help them scale up at a faster pace

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

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