All categories of enterprise IT spending will return to growth in 2018, but only IT services and software will grow strongly at 4 percent and 7.6 percent
The company had earlier launched successfully the ‘YouTube Go’ app, the lighter version of the You Tube app
Even as the larger IT majors are struggling for growth, smaller IT companies are forging ahead and bagging transformational deals in key markets. Mphasis, after the change of ownership last year, has had a blowout first quarter with TCV of $183 mn. In an interview with Moneycontrol, Mphasis CEO Nitin Rakesh expects growth momentum to sustain as they are focused on what clients want.
The service at present is available in 140 railway stations including New Delhi and Hazrat Nizamuddin.
The nine companies would invest around Rs 1000 crore and the state government would give them space in the newly constructed Cooperative Bhavan at Namkum here.
Stating that the IT industry with turnover of USD 154 billion employs about 3.9 million people, NASSCOM President R Chandrashekhar today said if India remains under USD 154 billion turnover it would require less number of employees.
Terming cyber security as extremely important, he referred to the Prime Minister having stated that cyber war is like a bloodless war.
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.