Page 3 - Indian It Sector

Strong order book, high attrition: What Accenture's Q3 means for Indian IT

Accenture Q3 results: Strong outlook and robust bookings reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist, said analysts

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

JPMorgan downgrades India's IT sector performance as pandemic boom fades

The brokerage expects the slowdown to worsen in 2023 partly due to a potential decline in orders from the key market of United States, where economic growth has started to weaken

IT stocks could underperform from here on

The fourth-quarter corporate earnings season began this week with TCS and Infosys announcing their results. What does the results of the country's top two IT companies signal for the industry?

TCS gains 1% in a weak market on strong demand outlook

The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.

Accenture Q2FY22 results and what it means for the Indian IT sector

Accenture's order wins, downward revision in Ebit margin, and the evolving Russia-Ukraine conflict need to be closely watched, said analysts

Indian IT sector not impacted by Russia-Ukraine war; in wait-and-watch mode

Analysts say no direct presence in Ukraine; per 60% of the sector's business comes from US, another big chunk from UK, Germany and France

Statsguru: Six charts show India's technology sector on firm ground

India's IT companies have done well since Covid began

Salary increments in India to touch 5-yr high of 9.9% in 2022: Aon survey

According to leading global professional services firm Aon's 26th Salary Increase Survey in India, organizations across industries project a 9.9% salary increase in 2022, compared to 9.3% in 2021

Nasscom feels attrition problem in IT sector may have hit its peak

'If one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not trending down'

TCS world's second most valuable IT brand, Infosys fastest growing: Report

Indian IT firms outpace US competitors in Brand Finance IT services ranking

HCL Tech Q3: Analysts see up to 6% QoQ growth in profit; margins may expand

The median forecast of seven brokerages pegs growth in HCL Tech's Q3 consolidated net profit at 3.4 per cent on a quarter-on-quarter (QoQ) basis, at around Rs 3,350-3,400 crore.

TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts

The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.

India IT services market grows by 7.3% in first half of 2021: Report

The Indian IT services market grew by 7.3 per cent in the first half of 2021, compared to the 5.7 per cent growth in the same period last year

Mid-cap IT companies' June quarter performance all about niche play

Unlike the top four or five IT players, when it comes to the mid-cap IT services players, every company has a different strategy and focus segments

TCS to invest $30-40 mn annually in global running sponsorships next 5 yrs

Tata Consultancy Services (TCS) on Wednesday said it plans to invest up to USD 40 million annually in global running sponsorships and related community programming from 2022 to 2029.

Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

Foreign portfolio investors turn tech-lite but analysts are positive

At the end of April, 13.5 per cent of FPIs' total equity investment was in the IT sector

Parekh brings Infosys back to a position where it is bagging large deals

Analysts across the segment agree that Parekh's presence and focus on recharging the company has worked