BUSINESS
Winning large deals by sharing AI-induced productivity benefits with clients, says Cognizant
Cognizant has also displaced incumbents in certain deals by proving its ability to leverage AI-driven productivity gains.
BUSINESS
Cognizant's headcount increases by 3,800 in Q3
However, when factoring in employees from the Belcan acquisition, the company’s net headcount saw an organic reduction.
BUSINESS
Cognizant sees uptick in discretionary demand in Q3, raises revenue guidance
Cognizant said Q3 performance is built on last quarter's momentum, supported by rising discretionary demand and improved execution
BUSINESS
Margins from GCC recruits triple of IT staffing, says Quess Corp CEO
In July-September, the revenue contribution from GCCs increased by almost 5% to 68% year-on-year.
BUSINESS
Clients expecting Gen AI capabilities to be part of large deals, says Infosys CTO Tarafdar
Tarafdar added that AI and Gen AI are leading to the re-imagining of processes, apart from generating productivity and efficiency benefits.
BUSINESS
Disconnect between IT firms' BFSI growth in North America and bullish commentary
This disconnect was amplified by management commentary indicating that while demand for certain projects is rising, large-scale transformation deals are yet to materialise in the sector.
BUSINESS
IT firms that execute well don't blame weak macros for poor growth, says Coforge
Singh believes that while every company across the industry has a strategy, the ability to deliver projects on time is what sets Coforge apart.
BUSINESS
Infosys, Wipro setting up GCCs for clients, helping them recruit talent
It’s not just India-based IT companies that are lapping up the opportunity, more than 50% of the US-headquartered EPAM’s customer base in India are GCCs.
BUSINESS
Top 4 IT firms add 8,400 employees in Q2FY25, ending four quarters of decline
Tata Consultancy Services, Infosys, Wipro, HCLTech, Tech Mahindra expected to offer 81,000–88,000 fresher roles in FY25
BUSINESS
Infosys to be impacted by salary hikes, furloughs, fewer working days in H2FY25
When asked about tailwinds that might aid margins, he said Project Maximus, pricing, and role ratios optimisation will help in the last two quarters.
BUSINESS
Mixed bag for TCS, Infosys, HCLTech, Wipro in Q2: BFSI sees uptick, large deals contract
According to analysts, the US Federal Reserve’s interest rate cut impact may start baking into discretionary spending plans of customers only by Q4. The customers may also await the US election season to reevaluate plans and be more certain.
BUSINESS
Infosys Q2 Earnings: Five factors to watch out for
Brokerages expect Infosys to post one of the strongest revenue growth among top IT companies aided by a strong deal pipeline, stable demand and cost management initiatives
BUSINESS
HCLTech stays cautious over macro uncertainties despite outgrowing H1 estimates
What stands out for the Noida-headquartered IT services major is a pick-up in discretionary spending by clients at a time when its rivals fail to bag such deals
BUSINESS
HCLTech to roll out 7% salary hike in October, top performers to receive up to 15%
The company said it expects the wage hikes to have a minimal impact on its operating margins in the December quarter.
BUSINESS
Wipro Q2 preview: Demand environment, guidance among 5 themes to watch out for
Brokerages expect Wipro to perform better than its guided range of -1 percent to +1 percent, when the company reports its September quarter earnings on October 17
BUSINESS
TCS margins decline amid higher third-party costs as BSNL project peaks
TCS’ cost of equipment and software licences went up 600 percent to Rs 3,230 crore in the September quarter from Rs 462 crore in the year-ago period
BUSINESS
TCS has over 600 AI and Gen AI projects in production or development; helping clients set up AI offices
The IT behemoth said it is helping its mature customers set up AI offices to rapidly turn ideas into AI Proof of Concept (PoC), and then to into production.
BUSINESS
TCS adds 5,726 employees in Q2, headcount grows for two straight quarters with attrition rising marginally to 12.3%
With the latest increase, the Tata Group company now employs 612,724 people.
BUSINESS
Why ex-Cognizant employees went to court: “Indian managers would turn their back”, “Spoke Hindi socially”, and more
A former Cognizant employee has accused the company of submitting visa applications for jobs that did not exist.
BUSINESS
US court finds Cognizant guilty of discrimination against non-Indians, company to appeal
The California court, which passed the order on a decade-old class-action suit, also said Cognizant’s conduct meets the standard for punitive damages
BUSINESS
Tech firms, startups back on talent hunt after mass layoffs, hiring freeze for months
After more than a year of muted job market, IT companies and startups in India have started hiring again especially for tech jobs, driving up salary expectations
BUSINESS
IT Q2 FY25 earnings: 5 factors to watch out for
Q2FY25 earnings for the IT sector seem to be heading to a gradual recovery amid caution, according to brokerage houses
BUSINESS
Infosys, HCLTech, & LTIMindtree shift wage hikes to Q3 to sustain margins amidst weak demand
A stagnant job market is an another factor why companies are not worried that an absence of hikes would trigger resignations.
BUSINESS
Will be profitable by 2025, a higher priority than IPO: Tekion CEO Jay Vijayan
While Tekion’s operations have been successful in the US and Europe, the company is yet to enter the Indian market. The high cost of cloud infrastructure in India has slowed down plans for the company.
