Page 6 - Indian It Sector
Slowing spends cast shadow on India's IT services industry, says Gartner
IT services market globally to cross $1 trillion in 2019, but growth rate to slow to 4.7%, says Gartner
 "Slowing spends cast shadow on India's IT services industry, says Gartner")
Tighter controls on visas can't be complete showstopper for IT: Nasscom
Indian IT companies are seeking to overcome the visa-related challenges by setting up new centres in the US
 "Tighter controls on visas can't be complete showstopper for IT: Nasscom")
Why Indian IT will see little impact due to Trump's new tax act
The benefits of moving work offshore to low-cost locations such as India outweigh the additional costs.
 "Why Indian IT will see little impact due to Trump's new tax act")
Govt initiating programmes under Digital India for IT sector growth: Prasad
Steps are being taken for re-skilling and up-skilling of IT workforce in new and emerging IT technologies
 "Govt initiating programmes under Digital India for IT sector growth: Prasad")
IT margins to remain under stress till 2020 as competition is high: Icra
Price led competition and chasing limited new opportunities will impact business
 "IT margins to remain under stress till 2020 as competition is high: Icra")
Chinese internet and Indian IT
There is no time for complacency, as large tech firms are India's only hope of getting a toehold in new fields
 "Chinese internet and Indian IT")
Indian IT sector sees new growth drivers in mid-tier firms
The information technology (IT) services sector is seeing emerging growth leaders among midsize companies, such as L&T Infotech, Hexaware Technologies and Cyient. These, say analysts, are among those reporting higher growth than larger peers. Large companies such as Tata Consultancy Services (TCS), Infosys, Wipro and HCL have seen mid to high single-digit growth in the past few quarters; these mid-tier IT service providers have seen double-digit growth. Buoyed by this strong growth in the first two quarters of this financial year, Hexaware has raised its dollar revenue growth expectation to 14-15 per cent for 2017, from the earlier 10-12 per cent. L&T Infotech, largest in size among the mid-tiers with $1.1 billion revenue, reported steady growth in the September quarter at $270.6 million, on higher on-shore and off-shore volume. Infosys has revised downward its growth forecast for 2017-18 by 200 basis points; Wipro has maintained a cautious quarterly forecast. Industry lobby ..
 "Indian IT sector sees new growth drivers in mid-tier firms")
