As automation increases and new technologies mature, IT industry will have to look at newer ways to measure productivity, say experts.
With a pink slip in hand and few jobs in their own sector, individuals are rushing in to fill in applications on online job portals so that they get an alternate employment on time. While consultants in the human resource space have also been flooded with applications, it is job portals which are seeing a higher accretion of talent.
But employees and industry watchers believe nearly 1 lakh IT jobs will vanish by the end of this year, as revenues and profit margins are under severe pressure.
Net Sales are expected to be flat at Rs 13623.4 crore, according to KR Choksey. Wipro to report net profit at 2031.5 crore down 4% quarter-on-quarter.
Net Sales are expected to increase by 2 percent Q-o-Q (up 13 percent Y-o-Y) to Rs 762.9 crore, according to KR Choksey. Persistent Systems to report net profit at 81 crore down 1% quarter-on-quarter.
Net Sales are expected to increase by 12.6 percent Q-o-Q (up 54 percent Y-o-Y) to Rs 115.4 crore, according to KR Choksey. Infibeam Incorporation to report net profit at 15 crore up 18% quarter-on-quarter.
Net Sales are expected to increase by 1 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 7599.8 crore, according to KR Choksey. Tech Mahindra to report net profit at 841.4 crore down 2% quarter-on-quarter.
Net Sales are expected to increase by 3 percent Q-o-Q (up 14 percent Y-o-Y) to Rs 12208.8 crore, according to KR Choksey. HCL Tech to report net profit at 2091.4 crore up 1% quarter-on-quarter.
A collation of brokerages’ take on the earnings performance of major IT companies and their outlook on the stocks going forward.
The IT major on Thursday reported a consolidated profit at Rs 3,603 crore for the January-March quarter, de-growth of 2.8 percent from Rs 3,708 crore in previous quarter.
The IT major's board has identified up to $2 billion to be paid out to shareholders during FY18.
Investors react negatively based on the information technology major's Q4 results that were announced early on Thursday.
The start-ups scenario in India is pretty good but when those firms go for series C and beyond funding, there are some challenges, the co-founder and former CEO of Infosys said.
The Trump administration has quietly reworked its H-1B guidelines and this could impact entry-level programmers on work visas.
India and Vietnam today discussed a plan to strengthen bilateral cooperation in the field of information technology.
Dark clouds of job cuts loom over the telecom sector. The risk running with mergers is that as many as 10,000 employees may lose their jobs over the next year.
Market sentiment is bullish and India’s growth story looks positive. Market expert Mihir Vora says that India is a good shining spot.
An untoward outcome of the UP elections could hit market sentiment for a couple of days but the buoyant fund flows will limit decline, according to Pramod Gubbi, Head of Equities at Ambit Capital.
In an interview to CNBC-TV18, Nasscom Chairman Gurnani talked on how the existing skills in the industry will have to be reinvented and aligned with those required to tackle changing trends like automation, artificial intelligence, and such.
Indian IT (information technology) industry might like to put all the blame on Donald Trump for its woes â€“ single-digit growth, retrenchment and reduced hiring from campuses. But the â€˜Trump effect‘ masks the crisis that is silently brewing.
The 50-share Nifty has had a phenomenal rally over the last eight weeks but Gautam Shah, Associate Director & Technical Analyst at JM Financial feels â€œmarkets are now at a major inflection pointâ€. He sees little possibility of indices hitting life time highs in the current run.
"ABB India will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest Information Technology (IT) park in India, based on built-up area, located in Kerala and spanning an area of 9,30,000 square meters," a company statement said.
The forecast includes spending by the Centre and state governments on internal services, software, IT services, data center systems, devices and telecom services.
Even though the research firm did not attribute any specific reasons for its estimates in the press statement, it can be noted that this comes amid a greater thrust on technology through campaigns like 'Digital India'.
Ramachandran has been removed from post and his primary membership has been withdrawn for "going against" the party's policies and "bringing down" its reputation, Sasikala said in a statement.