Page 9 - It Sector

TCS plans re-structuring; aims to achieve $50 bn revenue by 2030

TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

IT companies click on gender diversity, scout for talent across the board

Already the largest employer of women, these companies are now viewing women as the cutting edge of the talent war

IT industry on the road to becoming $350 bn in revenue terms by 2026

The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

Hope builds on visible signs of the old normal; offices start opening up

Activity picks up in restaurants, shops

Cos can gain $357 bn in profits a year with people focus, ESG: Infosys arm

While digital adoption and ESG orientation individually drive profits, they are more effective together, says the Infosys Digital Radar 2022 report

Gujarat eyes 8-fold rise in exports to Rs 25k cr with new IT policy

Aimed at promoting new SMEs, along with a few big projects, the policy looks to grow the current exports of roughly Rs 3,100 cr to Rs 25,000 cr in next five years

Working with AWS to meet growing demand for online learning: upGrad

upGrad has moved the vast majority of its IT infrastructure to AWS, a move that has helped the higher education technology provider rapidly scale to meet the burgeoning demand for online education

Poised for growth

Margins will improve for the IT sector

War for talent heats up as attrition continues to surge at top-3 IT players

Companies are rushing to campuses in order to mitigate supply-demand imbalance

Beating high expectations critical for further gains in midcap IT stocks

While the overall growth outlook is positive, there are headwinds for margins and valuations are at premium to large-cap IT firms

Women are more employable in tech development jobs than men: Report

With the tech industry opening up more job opportunities in the wake of the ongoing pandemic, a report has shown that women are more employable in development jobs than men.

IT services, telecom, financials: Sectors analysts are betting on for 2022

With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest

CP Gurnani's plan for Tech Mahindra amid Covid-19 uncertainty

In an interview with Business Standard's Surajeet Das Gupta, Tech Mahindra's CEO and Managing Director CP Gurnani shared his company's plans for growth amid the ongoing uncertainty caused by Covid-19

IT services companies' index weighting reaches record high of 18.8%

Combined m-cap of IT firms on Nifty50 up 33.3% in 2021 YTD

Accenture results signal positive cues for Indian IT firms

Robust guidance backed by growth across segments and better pricing mean higher rupee earnings amidst a strong dollar

IT sector valuation premium over Sensex at highest level in over a decade

BSE IT Index trading at P/E multiple of 34.3x - nearly 29% higher than that of Sensex

Indian IT spending to rise 7% to reach $101.8 billion in 2022: Gartner

Indian CIOs are likely to increase spending on projects that drive innovation and modernise legacy systems, Hiring suitable workforce will also be a key priority, says research firm

IT, pharma segments may not provide hedge if rupee weakens

There are concerns over margin and growth, which may weigh on sentiment