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Som Mittal, president, NASSCOM says he expects IT sector growth in double digits. "We had given a guidance that we will have a growth of 11-14 percent this year. Our review, after six months, is that we will still be in double digits. We will still be in double digits and probably closer to the lower end of our guidance, 11 percent," he adds.
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Infosys shares trimmed early losses caused by the cut in FY13 guidance, after the management clarified that the dollar guidance of 5% did not include numbers from the recently acquired Lodestone.
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Infosys, India's second largest software services exporter, just about met street expectations with its second quarter results, but hugely disappointed the street with a deeper cut in earnings per share guidance for the full year, sending its shares down over 7% in morning trade.
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The third quarter of the year has turned out to be a weak quarter as far as the number and size of M&A deals are concerned.
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SD Shibulal, the current Chief Executive Officer and Managing Director of Infosys, is one of the seven engineers who launched the company in 1981 by pooling in USD 250 million to make what is today one of India's largest IT giants.
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Despite two consecutive quarters of revenue decline, Infosys says that it is not worried with Cognizant taking over in quarterly revenues. Rather, the company is focused on its growth trajectory and expects to see a recovery in the medium to long term.
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Sudin Apte of Offshore Insights and Partha Iyengar of Gartner discuss, on CNBC-TV18, the change of guard in the IT sector in the backdrop of Infosys declaring results today.
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IT bellwether Infosys expects its operating margin to move in a band of 50 to 100 basis points for the fiscal year ending March, Chief Financial Officer V Balakrishnan said on Thursday.
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Global IT major SAP has announced its Q1 results. SAP co-chief executive Bill Mcdermott explains to CNBC-TV18 that the company‘s outlook for India was upbeat thanks to the demand for cloud computing and big data tools
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The shocker from Infosys which has given out with a revenue guidance of 8-10%, is much lower than NASSCOM's guidance for the IT sector as a whole.
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Despite their muted guidance for the year ahead, Infosys management tells CNBC-TV18 that they still aim to grow above industry average.
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IT major Infosys reported a better than expected numbers in the third quarter of FY12. However, the company disappointed with its dollar revenue guidance for the fourth. In an interview to CNBC-TV18, the management discuss the quarter gone by and give their outlook going forward.
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Narayana Murthy a legendary and visionary in India, who built a multi billion dollar empire stretching from Bangalore to Boston. He is the founder of Infosys and architect of the biggest wealth creation stories in this country.
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Som Mittal, president of NASSCOM joins CNBC-TV18 to talk about the IT sector and how growth outlook looks there. He is confident of seeing a double digit growth in FY13. “We maintain that the IT industry is set to grow at 16-18% this year,” he says.
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Shares of software major Infosys fell sharply as the rupee hit the 52-mark against the dollar -- its weakest since March 12, 2009.
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CNBC-TV18 catches up with Kris Gopalakrishnan, a well known name in the Indian IT space as well as the global IT space, as part of the Emerging India Awards 2011. Kris is one of the founding members of the original Infosys team that has taken it from a company that was started with just Rs 10,000 crore to a USD 6 billion dollar enterprise now.
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In an exclusive interview with Nikhil Wagle, the editor of our sister channel -- IBN Lokmat, Murthy said it would be a great honour, but might be premature to comment further.
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The IT bellwether is happy and brimming. After three disappointing quarters, Infosys has finally brought smiles to investors. Infosys reported a second quarter consolidated net profit of Rs 1,906 crore, up near 10% from a year ago, while revenue was up around 17% to Rs 8,099 crore.
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The IT sector has been under a lot of fire recently, with the BFSI sector expected to be the epicenter of the chaos. However, TCS MD & CEO N Chandrasekaran says that most of the negative news has been factored in by clients.
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In an interview to CNBC-TV18, SD Shibulal, chief executive officer of Infosys said, problems in US and Euro zone are leading to delay in clients' decisions. According to him, the company needs to remain very cautious because of all the economic uncertainties and the lack of confidence.
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In an intervirew to CNBC-TV18, S Gopalakrishnan, MD and CEO, Infosys said, it is too early to talk about the global impact on the IT sector.
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NR Narayana Murthy is an icon not just for the Indian IT space but also for the Indian middle class and is now leaving the company that he co-founded, Infosys. In an interview on CNBC-TV18, Murthy speaks to Shereen Bhan about what the road ahead looks like for Infosys and him.
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Kris Gopalakrishnan will step down as the chief executive officer and managing director of global IT giant, Infosys, on August 21, 2011. The latest episode of Forbes India Show highlights ‘the Infosys way of things’ and brings to fore the milestones and strategies of Kris as a leader and mentor.
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The technology sector was the worst hit in trade today, but IT majors are not ready to press the panic button just yet.
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On the first quarter results of Infosys Technologies, the CEO of Infosys BPO,
Swaminathan D, tells CNBC-TV18 that the company has grown by 16% and that eight new clients have been added.
