Page 2 - Indian It Services Firms

Tech funds run into rough weather in CY22, IT firms' stocks do well

Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.

Wipro shares decline nearly 3% after Q4 earnings announcement

IT company Wipro on Friday posted a 4 per cent increase in its consolidated profit to Rs 3,092.5 crore in the fourth quarter ended March 31, 2022, on account of continued demand for IT services

HCL Technologies net profit surges 4.38% to Rs 3,593 crore in Q4

HCL Tech expects revenue to grow between 12-14 per cent in constant currency for fiscal 2023

India Inc busy with back-to-office drill as Covid-19 cases decline

Employees are returning to offices, but many companies are continuing to offer the remote, flexi-work option

Nagarro to expand global workforce by 4,500 in coming months

In a statement, the company announced that the size of its workforce has crossed the 15,000 mark

From Infosys to HCL Tech, Indian IT giants play catch-up in consultancy

Indian software service giants have been slow to move up the value stream so far but they need to increase the pace to stay relevant

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

Q2 results: Digital fuels double-digit growth in IT services companies

Analysts expect growth momentum in the industry to continue for the next two quarters.

Accenture's Q4 numbers augur well for Indian IT services sector: Analysts

Outsourcing growth could get back to pre-Covid levels for the IT services sector

IT firm Birlasoft first quarter profit doubles to Rs 113.6 crore

The company had posted a profit of Rs 56.3 crore for April-June 2020

TCS to hire over 40,000 freshers from Indian campuses in FY22

The company's chief operating officer N Ganapathy Subramaniam said there is no dearth of talent supply in India

Strong deal pipeline may boost Q1 show of IT companies: Analysts

Margins will be a concern with salary hikes and attrition taking centre-stage

Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies

A strong operational performance by Accenture during Q3FY21 in its outsourcing vertical sets the tone for an upcoming earnings season for the Indian IT service companies, Edelweiss Research said

IT services major Wipro raises $750 million from overseas bond sale

The net proceeds of the notes are intended to be utilised for refinancing existing debt and general corporate purposes.

Strong focus on operational efficiency drives Mindtree profit up 54% YoY

Revenue rises 2.9%, board recommends of 175% final dividend or Rs 17.5 per share

Infosys McCamish acquires underwriting platform from STEP Solutions

Infosys McCamish Systems is a US-based subsidiary of Infosys BPM

IT-BPM sector saw recovery in revenue growth at 7.9% in FY20: Eco Survey

The Indian IT-BPM sector witnessed a recovery in revenue growth at 7.9 per cent in FY2019-20, primarily driven by a significant boost in domestic revenue, as per the Economic Survey 2020-21

Our order book is $1 bn; rolling-out salary hikes: Mindtree CEO Chatterjee

About 98% of employees of the IT services firm are working from home, but Chatterjee said he is expecting a hybrid work model would emerge

Best of BS Opinion: Increasing visa hurdles, Trump vs Biden, and more

Here's a selection of Business Standard opinion pieces for the day

IT services firms ramp up capability to protect clients from cyber threat

Major Indian firms open cyber threat management centres in US, Europe