Page 3 - It Services

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

Infosys Q2 results: Net profit jumps 13.2% to ₹7,364 cr, revenue up 8.6%

Infosys lifts base sales outlook as IT spending rises

Wipro Q2 net profit up 1%, revenue rises 1.7% on large deal wins

Wipro's Q2FY26 profit rose 1.15% to Rs 3,246 crore and revenue grew 1.7% to Rs 22,697 crore, supported by strong deal wins worth $2.9 billion and steady performance in BFSI

LTIMindtree revenue up 10.2% on strong BFSI, manufacturing business

LTIMindtree's Q2FY26 profit rose 10.4% to Rs 1,381 crore and revenue grew 10.2% to Rs 10,394 crore, driven by BFSI and manufacturing segments and strong large deal wins

Infosys hires 8,203 in Q2; on course to meet fresh hiring target

Infosys added 8,203 employees in Q2FY26, taking its headcount to 331,991; CFO Jayesh Sanghrajka says the firm is on track to meet its 15,000-20,000 fresher hiring target

TCS Q2 results: Net profit up 1.4% at ₹12,075 cr, revenue rises 2.4%

Revenue for the company grew 2.4 per cent in reported terms to Rs 65,799 crore for Q2 FY26. Sequentially, the firm's revenue was up 3.7 per cent

LTIMindtree wins its largest-ever deal; sources peg size at $580 million

The sixth largest software services exporter in India said the deal was with a leading global media and entertainment company, but did not disclose the name of the client

Capgemini appoints Sanjay Chalke as India CEO, Yardi to retire in 2026

Capgemini has appointed Sanjay Chalke as CEO of its India business effective January 1, 2026, while outgoing CEO Ashwin Yardi will assume the role of non-executive Chairman

H-1B fee hike a wake-up call for GCCs to move up the value chain

Experts say the US visa fee hike will push firms to expand global capability centres in India, but warn GCCs must move beyond delivery roles to create greater value

After Infosys, TCS, Wipro may follow with buyback amid stock rout: Analysts

Infosys will repurchase 100 million shares at an average price of ₹1,800 per share, a 19.3 per cent premium to its closing share price of ₹1,509.50 on Thursday

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