Page 4 - It Services

Infosys announces acquisitions in consulting and cybersecurity space

Both the acquisitions are expected to close during the first quarter of financial year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions

IT major Wipro eyes GCC service line in bid to catch up with peers

Wipro will help multinational companies set up their GCCs in India, operate and then transfer the entity back to the parent company - popularly known as the BOT model - after a few years

Realigning global business lines to match clients' demands: Wipro

The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)

L&T targets 150 MW data centre capacity by 2027, to utilise land banks

At present, L&T has two operational data centres-Mumbai and Chennai-with a combined capacity of 32 MW

Indian IT services industry to see 4-6% revenue growth in FY26: Icra

IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe

Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions

The deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames

Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency

Hexaware Technologies IPO subscribed 2.7 times, driven by strong QIB demand

The company had allotted shares worth almost Rs 2,600 crore to anchor investors

Tata Technologies IT services reinstated after ransomware attack

Tata Technologies assured stakeholders that client delivery services continued without disruption

LTIMindtree appoints Venugopal Lambu as CEO with immediate effect

Lambu is a global executive leader with more than 30 years of experience in driving strategies and hyper-growth in the technology and services industry

Wipro eyes best day in 4 yrs on echoing hopes of IT peers' demand revival

Wipro beat third-quarter profit estimates and forecast revenue in the current quarter could increase sequentially by up to 1 per cent, compared with no growth last quarter

Deep-tech focus critical for India to lead global digital innovation

The development of the IT services opportunity saw India emerge as the manpower capital of the world to service the Y2K problem at the dawn of the new century

Productivity of IT employees on rise even as firms apply brakes on hiring

The country's ten biggest listed IT companies that are part of the Nifty IT Index earned net sales of Rs 42.3 lakh per employee on average in FY24

GenAI as a service generates $5-10 mn revenue per project globally: study

Indian technology services providers had even lower revenue generation from GenAI at $1.5-2.2 mn

Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar

AI is a unique technology and it will disrupt the knowledge worker

Are campuses ready to cater to tech industry's demand on specialised talent

Recent findings highlight that most colleges are taking steps to prepare for an AI-driven future. But many campuses lack qualified faculty for effective course delivery

IT company Mphasis's Q2 net profit rises 8% Y-o-Y, deal value falls

Company says most of its contracts are now for work in artificial intelligence

IT services' focus on building IP and platforms may trigger more lawsuits

While lawsuits are common in the US tech industry, analysts believe their nature is changing due to shifts in business models and growing organisational awareness of intellectual property infringement

TCS sets in motion FY26 campus hiring process; adds 11,000 employees in H1

In the first quarter of FY25, the firm had added 5,452 associates. The total headcount at the end of the first half of the financial year was 612,724

Indian IT services industry to deliver 4-6% revenue growth in FY25: ICRA

The Indian IT services industry is likely to register a second consecutive year of muted revenue growth, estimated at 4-6 per cent in FY2025, but the operating profit margin is expected to be healthy, according to ICRA. The persisting challenges and tepid topline growth notwithstanding, ICRA has forecast the industry's operating profit margin (OPM) at a healthy about 22 per cent in FY2025, with attrition levels having declined considerably and seen stabilising over the near term. Despite expectations of continued subdued growth, ICRA has maintained its "stable outlook" on the Indian IT services industry, led by a well-established business position, expectation of healthy earnings and cash flow generation, and strong balance sheets of sector players. "ICRA expects FY2025 to be the second consecutive year of muted revenue growth (for its sample set companies), estimated at 4-6 per cent, given the lower discretionary technological spends by clients amidst persistent macro-economic ...