Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
A CNBC-TV18 poll sees M&M posting 30% revenue growth backed by a steady 11% growth in volumes. The company is expected to post higher realisations due to sequential improvement in product mix.
Cognizant continues to be bullish on the path ahead with better-than-expected fourth quarter revenue to its credit. R Chandrasekaran, group chief executive officer (tech & operations) of the company is positive on the demand environment.
An analysis by brokerage house JP Morgan shows that IT Services industry still produces market-beating returns (with the exception of 2012), contrary to the widely-held view that the outsourcing business model is no longer as profitable as it once used to be.
Flat IT budgets and uncertain macro environment may continue to challenge the Indian IT-BPO industry, but as technology becomes more central to everyday lives of consumers and corporate alike, 2013 promises to be a good year for the USD 100 billion sector.
Welcome to the Chennai final of Tata Crucible Corporate Quiz 2012 on CNBC-TV18.
Infosys has sounded the warning bell. The IT bellwether has prompted fears that it could revise its guidance lower. Its top management has told analysts that it expects challenges in meeting its whole year dollar revenue guidance, reports Sunanda Jayaseelan of CNBC-TV18.
Infosys' dollar revenue growth outlook of 5 percent for the year ending March 2013 could be under threat, Chief Executive S.D. Shibulal was attributed as saying by UBS in an investor meet.
Hexaware Technologies has cut its fourth quarter and full year 2012 guidance citing changes to a project plan for a customer and impact on account of hurricane Sandy, which devastated the US east coast last month. The announcement sent the software service provider's shares down 4 percent in morning trade.
IT firm Cognizant, whose routine US filing had created a flutter in markets, today said its proposal on granting performance-linked stock options to senior executives is not necessarily an indicator of its growth guidance next year.
Shares of Indian software services firms could decline in the near to medium term because of likely weak profits, feels R. Sukumar, MD and Chief Investment Officer, Franklin Asian Equities, Franklin Templeton Investments.
In an interview to CNBC-TV18 Sudin Apte of Offshore Insights shared the findings of their latest report, which surveyed 270 offshore clients across Organisation for Economic Co-operation and Development (OECD) countries.
All-round selling led by IT and TECk stocks pushed Equity benchmarks deep into the red. At At 11.18 am, the 30-share BSE index Sensex was trading down 183.38 points (0.95 percent) at 19,208.48 and the 50-share NSE index Nifty was down 56.45 points (0.96 percent) at 5,844.05.
Key benchmarks Sensex and Nifty opened sluggish Thursday, but investors continued to keep faith in mid and small cap shares, betting them to be reasonably valued compared to their large cap counterparts.
Nasdaq-listed IT firm Cognizant today said it will pay its senior executives 100 per cent performance-linked stock options if the company's revenues touch USD 8.51 billion in fiscal year 2013.
Maintaining its lead over Infosys for the second quarter in a row, Cognizant today posted 18.2 per cent growth in revenue to USD 1.892 billion in the July-September 2012 quarter.
R Chandrasekaran, group chief executive-tech & operations of Cognizant says pricing has been very stable in the last three or four quarters. "Pricing, overall, should be stable for us," he adds.
Hello and a warm welcome to each and everyone of you. You are watching the Pune Final of Tata Crucible Corporate Quiz 2012.
As part of measures to expand its presence in North American and European markets, IT major Cognizant would initially invest USD 25 million to open additional data centres, the company said today.
To help global financial institutions capitalise on the mobile money opportunity.
Software services firm Cognizant today said it has formed a global alliance with Monitise to develop mobile banking commerce and payment solutions.
Speaking to CNBC-TV 18, Anirudh Dutta, Head of Research at CLSA said Consumer sentiments remain dented by a number of factors viz, non-functioning of Parliament, slowdown in investments, delay in legislative or administrative decisions etc, which in the long run will come back to haunt India.
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.
One can accumulate TCS with long-term view, says Sandeep Shah, CEO, Sampriti Capital.
Cognizant, now the second largest IT firm in terms of revenues, looks to improve productivity to combat pricing pressures.