Page 2 - It Services Industry
HCL Tech expects strong growth in products, platform biz in Dec quarter
IT services major HCL Technologies on Monday said it continues to be positive about its products and platform business and expects to see strong growth in the segment in the December quarter. In the July-September quarter, HCL Technologies logged a 13.1 per cent year-on-year increase in its services revenue (IT & Business Services and Engineering & R&D Services) in constant currency terms. Its products and platforms revenue, however, declined by 5.5 per cent in the reported period. Speaking to PTI, HCL Technologies CEO and MD C Vijayakumar said there were certain deals that were to close towards the end of the quarter but slipped into the current quarter. "So that's the only reason, it will come back in the next quarter, we continue to be very positive on our Products and Platforms business. The core of the business is intact, and we see a good momentum in this quarter. This is going to be a strong quarter for us," he added. He noted that the services business delivered a .
 "HCL Tech expects strong growth in products, platform biz in Dec quarter")
Exit rush cloud hovers over IT: Top companies see 15-30% attrition rates
This could disrupt demand uptick, say experts
 "Exit rush cloud hovers over IT: Top companies see 15-30% attrition rates")
IT services major Capgemini is driving more value from India unit
For Ashwin Yardi, CEO India, Capgemini, the focus is to make sure that the India unit is aligned with global plans of repositioning company as a hub of engineering R&D, operational technology, and IT
 "IT services major Capgemini is driving more value from India unit")
From L&T Infotech to Tata Elxsi, mid-cap IT stocks lagging large-cap peers
Their m-cap is up 5% this month, against 11% rise in large-cap IT stocks
 "From L&T Infotech to Tata Elxsi, mid-cap IT stocks lagging large-cap peers")
HCL Technologies dips 2% as company reports lower-than-expected Q1 results
The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22
 "HCL Technologies dips 2% as company reports lower-than-expected Q1 results")
Pandemic hastens transformation, demand soars for digital skills
Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills
 "Pandemic hastens transformation, demand soars for digital skills")
 "Best IT certifications for 2021")
Success beyond software and services
India dominates the world market in motorcycles. What will it take to replicate this success in other industries?
 "Success beyond software and services")
Indian IT has 'competitive advantage' in employee talent: Nasscom president
How industry uses 'access to technology' will matter in a democratic system, says Debjani Ghosh
 "Indian IT has 'competitive advantage' in employee talent: Nasscom president")
Indian IT sector likely to hit $350 billion by 2026, says McKinsey report
McKinsey also pointed that tech business models are reshaping worldwide and IT industry need to refocus
 "Indian IT sector likely to hit $350 billion by 2026, says McKinsey report")
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
 "Our order book is $1 bn; rolling-out salary hikes: Mindtree CEO Chatterjee")
Faqir Chand Kohli: All you should know about the 'Father of Indian IT '
Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry
 "Faqir Chand Kohli: All you should know about the 'Father of Indian IT '")
Making short-term margin trade-offs to accelerate growth: Cognizant CEO
Strong performing employees will be rewarded for what they have done, he says
 "Making short-term margin trade-offs to accelerate growth: Cognizant CEO")
Early bird results show unlocking gains, net profit of 104 firms rises 9.8%
Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability
 "Early bird results show unlocking gains, net profit of 104 firms rises 9.8%")
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")
Wipro to consider share buyback proposal, decision on 13 Oct board meeting
Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS
 "Wipro to consider share buyback proposal, decision on 13 Oct board meeting")
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")
HCL Technologies to acquire Australia-based firm DWS for $116 million
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
HCL Technologies to acquire Australia-based firm DWS for $116 million
The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals
 "HCL Technologies to acquire Australia-based firm DWS for $116 million")
Mid-sized IT services companies get Cloud, cost-efficiency boost
In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics
 "Mid-sized IT services companies get Cloud, cost-efficiency boost")
