Page 3 - Indian It Services Firms
Indian IT cos to pay 40% higher wages due to new visa rules: US think tank
Major players likely to ramp up local hires in US and go for offshoring to dodge visa and other cost issues
 "Indian IT cos to pay 40% higher wages due to new visa rules: US think tank")
TCS surpasses Accenture to become most-valuable IT services firm globally
At the last closing price of Rs 2,825, TCS was valued at $144.73 billion, (Rs 10.6 trillion), while Accenture is currently at $142.4 billion
 "TCS surpasses Accenture to become most-valuable IT services firm globally")
Cash-rich IT service firms on a shopping spree, eye inorganic expansion
The top four Indian IT firms have cash reserves of nearly $15 billion
 "Cash-rich IT service firms on a shopping spree, eye inorganic expansion")
Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT
The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected
 "Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT")
Covid-19 impact: Talent hunt makes BPM services companies move to 'Bharat'
Pandemic forces companies to look at setting up centres in smaller towns
 "Covid-19 impact: Talent hunt makes BPM services companies move to 'Bharat'")
Rising SaaS adoption to ensure global sway of IT services firms
The final part of the series looks at how Indian firms compete with global peers
 "Rising SaaS adoption to ensure global sway of IT services firms")
Cash-rich Indian IT services companies go aggressive in M&A space
As capital allocation is altered, dividend payout to dip in the ongoing financial year
 "Cash-rich Indian IT services companies go aggressive in M&A space")
Covid-19 impact: IT bigwigs likely to speed up client staff absorption
Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.
 "Covid-19 impact: IT bigwigs likely to speed up client staff absorption")
Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr
IT firm's margin expands despite revenue fall in Q1
 "Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr")
Indian IT services firms relying less on visas as approval rates nosedive
According to the US Citizenship and Immigration Services data, the share of Indian companies among the top 10 visa recipients has dropped from 51 per cent to 24 per cent during the 2016-19 period.
 "Indian IT services firms relying less on visas as approval rates nosedive")
Infosys expects 35% of staff to work from home amid Covid-19 crisis
More than 90 per cent of staffers of most IT services firms are working from home. The companies are in no hurry to bring them back despite the relaxation in lockdown.
 "Infosys expects 35% of staff to work from home amid Covid-19 crisis")
Coronavirus scare: IT services firms draw business exigency plans
With uncertainties around growth outlook, most companies are likely to go slow on their payback plans to shareholders
 "Coronavirus scare: IT services firms draw business exigency plans")
Coronavirus outbreak: IT services companies widen travel restrictions
Apart from such advisory, IT biggies such as Tata Consultancy Services (TCS), Infosys and HCL Technologies among others have been pursuing 'remote working' model to overcome the situation.
 "Coronavirus outbreak: IT services companies widen travel restrictions")
Big domestic IT services firms may see tepid revenue growth in Q3
Both TCS and Infosys are likely to expand operating margins in Q3
 "Big domestic IT services firms may see tepid revenue growth in Q3")
India's IT services and business to grow 6.9% to $13.3 bn this year: Report
According to the IDC's report, the IT and Business Services market is further expected to grow annually by 6.8% to be valued at $14.2 billion by December 2020
 "India's IT services and business to grow 6.9% to $13.3 bn this year: Report")
Finland to reduce time for grant of work visas to under two weeks
The move was aimed at attracting more software professionals from countries like India, he said
 "Finland to reduce time for grant of work visas to under two weeks")
IT results mixed bag, but hiring remains robust in September quarter
Revival of spending by BFS & retail clients may take some more time
 "IT results mixed bag, but hiring remains robust in September quarter")
Infosys bets big on engineering services as it spreads across segments
According to the IT firm, the engineering services segment spreads across communication, manufacturing, retail & CPG and life sciences verticals
 "Infosys bets big on engineering services as it spreads across segments")
Microland repositions service offerings with bigger Internet of Things play
The firm has undergone a rebranding exercise with a tag line 'making digital happen'
 "Microland repositions service offerings with bigger Internet of Things play")
Market will continue to shift from focus on buyer to user: Jagdish Sheth
He says, while charting uncertain times, the key is not to look at daily changes in weather, but to look at changes in the season
 "Market will continue to shift from focus on buyer to user: Jagdish Sheth")
