Page 8 - It Industry
Slow US economy, challenges in BFSI sector may drag IT firms in FY21
Slower growth in US economy, challenges in financial services sector may result in lower client spend
 "Slow US economy, challenges in BFSI sector may drag IT firms in FY21")
Manufacturing slowdown may cause downtime in Indian IT industry
In the June quarter of FY20, revenue from this segment grew faster than other key verticals for the top Indian IT players
 "Manufacturing slowdown may cause downtime in Indian IT industry")
IT industry on hiring spree, adds record number of employees in Q1
Around 85,000 employees added on net basis, highest in six years
 "IT industry on hiring spree, adds record number of employees in Q1")
Restrictions hurting our operations in China, IT industry tells Goyal
Despite the Chinese IT services market remaining the third largest globally, investments by the Indian industry have not been able to grow owing to unique challenges faced while setting up shop
 "Restrictions hurting our operations in China, IT industry tells Goyal")
IT majors meet Piyush Goyal, flag barriers in accessing in China market
The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro
 "IT majors meet Piyush Goyal, flag barriers in accessing in China market")
Now, manpower crunch hits staffing solution providers in the IT industry
According to PeopleStrong's India Skills Report 2019, 60 per cent of recruiters in the sector feel they do not find the quality talent they want to hire
 "Now, manpower crunch hits staffing solution providers in the IT industry")
Mid-tier IT, BPO space sees surge in consolidation as firms chase scale
Need to garner scale, attractive valuations giving rise to consolidation in the space
 "Mid-tier IT, BPO space sees surge in consolidation as firms chase scale")
IT industry likely to register strong numbers in September quarter
Falling rupee, revival in spending by BFSI and retail segments set to boost revenue
 "IT industry likely to register strong numbers in September quarter")
Nasscom expects revival in tech spends, demand uptick in US in FY19
Nasscom President R Chandrasekhar also exuded confidence that the industry would be able to meet this year's growth target
 "Nasscom expects revival in tech spends, demand uptick in US in FY19")
IT industry can soon achieve double-digit growth: Wipro's Rishad Premji
Wipro chief strategy officer feels the industry will witness a turnaround in 3-5 years
 "IT industry can soon achieve double-digit growth: Wipro's Rishad Premji")
Silicon Valley take note! Korean IT industry one of the best in the world
South Korea is also home to the fastest internet on earth
Not just Donald Trump, automation is the real threat to IT jobs
Protectionism & automation make skilling India vital
Q4 results decoded: Several quarters of pain ahead for Indian IT
Some analysts say TCS could see 300 basis point hit on margins if H1B visa rules tighten as expected
Ganesh Natarajan: Challenging times ahead for Indian IT industry
Its response in the next few months may well shape the future for shareholders and employees in what has so far been a value-creating and livelihood-enabling sector for the country
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Odisha forms special panel to implement IT, ESDM proposals
It's a single-window clearance committee for approval of sector-specific proposals up to Rs 50 cr
 "Odisha forms special panel to implement IT, ESDM proposals")
Indian IT players need to refocus their India strategy in an uncertain macro: Gartner
India software revenue is forecast to total $5.8 bn in 2017, a 12.8% increase from 2016 estimates of $5.2 bn
 "Indian IT players need to refocus their India strategy in an uncertain macro: Gartner")
Should IT companies return more capital to shareholders?
Most analysts believe increasing dividend payouts and buybacks could support stock prices
 "Should IT companies return more capital to shareholders?")
IT's troubled times
Near-term demand outlook has clearly deteriorated
Indian IT industry tightens employee performance parameters
Performance evaluation gets stringent as IT industry battles uncertain macroeconomic conditions and increased automation
 "Indian IT industry tightens employee performance parameters")
As automation rises, new jobs dry up in IT sector
As automation rises, new jobs dry up in IT sector
