Infosys may slash its revenue guidance for the second time this fiscal, stung by "risks" like challenges in the banking and financial services sector and cancellation of projects.
Indian IT companies need to pivot to the cloud technology to stay ahead of the curve -- that's the advice to the likes of Wipro and Infosys from Adobe's Shantanu Narayen.
Tata Consultancy Services (TCS) is seeing some sequential loss of momentum in Banking and Financial Services Solution (BFSI) business in US. The company further said it is holding back discretionary spending seen in the segment.
The cancellation of the contract is going to have a prolonged impact of about 3-4 quarters on Infosys, says Karan Taurani, Senior Analyst, Dolat Capital.
Vineet Nayyar, Executive Vice Chairman of Tech Mahindra feels Brexit cannot be fully blamed for Infosys losing out on the Royal Bank of Scotland (RBS) deal. The only thing that can hit technology right now is better technology, he says.
Speaking to CNBC-TV18, Arvind Subramanian, Chief Economic Adviser to the Government of India, clarified that he had recommended a range of standard Goods and Services Tax rate between 17 percent and 19 percent.
In an interview with CNBC-TV18's Rukmini Rao, Infosys CEO Vishal Sikka talked about the company's muted first quarter earnings and what he expects going forward.
Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.
The company operates amusement parks in Bengaluru, Hyderabad and Kochi and is looking to expand in 4-5 new markets in the next few years, Arun K Chittilappilly, Managing Director of Wonderla Holiday told CNBC-TV18.
After Tamil Nadu issued a notification bringing IT sector in Tamil Nadu under the ambit of Industrial Disputes Act, Mindtree Executive Chairman Krishnakumar Natarajan says the sector shouldn't be worried about the development.
UB Pravin Rao, COO, Infosys is confident on achieving FY17 revenue growth guidance of 11.5-13.5 percent for next few years.
In an interview to CNBC-TV18, Vishal Sikka, CEO & MD of Infosys says, innovation and automation will be crucial factors to achieve the company's 2020 revenue aim of USD 20 billion.
The deal wins in Q4 helped growth and the aim is to touch USD 1 billion in deals in the next two to three quarters, says Vishal Sikka, MD & CEO of Infosys.
R Chandrashekhar, President, Nasscom, sees IT sector growth at 12.3 percent in constant currency terms.
In an interview with CNBC-TV18‘s Kritika Saxena, CEO Vishal Sikka that a combination of factors drove the results: higher volumes, deal wins as well as innovation-led efficiency improvements.
Speaking to CNBC-TV18, Vineet Nayyar, Vice-Chairman of the company says that Q3 is seeing positive orders traction and business is expected to do well in the second half of the year.
IT services firm Zensar Technologies posted a strong set of second quarter numbers, clocking profit of Rs 91.34 crore on revenues of Rs 758.65 crore.
TCS CFO Rajesh Gopinathan is confident the IT behemoth will make the transition and says its mammoth size will not be an "inherent disadvantage".
A day after TCS posted a largely muted set of quarterly earnings, CEO N Chandrasekaran said the company was witnessing 'weak spots' in the business and said its constant currency growth could see a "gap of 1.5-2 percent...explained by softness" in certain areas of the business.
Infosys is "working hard to beat its constant currency guidance", CEO Vishal Sikka told CNBC-TV18.
The start-up environment is maturing and the number of start-ups is also rising dramatically, says S Gopalakrishnan, former executive VC of Infosys
In an exclusive conversation with CNBC-TV18's Sudha Murthy, chairperson of the Infosys Foundation spoke about its expansion plans in North-Eastern India and Kashmir and plans of ramping up corporate social responsibility (CSR) spending in the coming days.
In an analyst concall, Pravin Rao, COO, Infosys said the company is making corrections to its pricing strategy to win more deals.
Speaking to CNBC-TV18, Samson David, Senior Vice President and Global Head of Cloud, Infrastructure Services and Security at Infosys talks about how the company is differentiating from its competitors in cloud services.
On cash utilization, Seshasayee says idle cash beyond a point is not good for shareholders, and that the company will have to become active on acquisitions