Indian It

TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.

Chart of the Day: H1B visa sucker punch -- What’s at stake for Indian IT?

H1B employees may be only a slice of the workforce but are a very valuable one. Replacing them will be an expensive endeavour. All this, when valuations appear plump

US HIRE Bill clouds Indian IT outlook but faces steep political hurdles

The bill proposes a 25 percent tax on certain payments to foreign firms for services consumed in the US, but experts say it is unlikely to pass in its current form.

NR Narayana Murthy, Nandan Nilekani and Salil Parekh on the most important skill in the AI era

It's not every day that you get the doyens of Infosys together on one platform. A few weeks ago, Moneycontrol’s Chandra R Srikanth was in conversation with Infosys veterans Nandan Nilekani, NRN Murthy and Salil Parekh where they spoke about why the Indian IT industry cannot be written off, winning in the AI era and the skills that will help techies thrive. "I think there are many times in the past when such obituaries have been written. So, whenever there's a major technology shift or a major business model shift, people say that. But I'm very, very confident that in the current environment with the advent of AI, not only certainly at Infosys we can say that not only will we master this technology capability, but we’ll also actually use it to our advantage to again move forward and become even more critical to the world's technology needs" Nilekani said.

HCLTech slashes FY26 revenue growth guidance to 2-5%

HCLTech’s revised guidance represents a 250 basis point reduction at the lower end compared to its FY25 forecast. However, the company has retained its operating margin guidance at 18–19 percent for the full year of FY26.

Goldman Sachs downgrades LTIMindtree, cuts Infosys, TCS targets amid tariff uncertainty

Goldman Sachs attributed target price cuts across Indian IT firms to heightened macroeconomic uncertainty in the US, a key market for Indian IT firms.

Infosys files counterclaim against Cognizant, accuses CEO Ravi Kumar of misusing sensitive information, anticompetitive practices

The lawsuit brings to the fore a bitter rift between two IT majors, at a time when the industry is facing uncertainty wrought by an uncertain US economy and the impact of artificial intelligence.

IT stocks edge up in lacklustre market after Accenture's strong earnings; TCS climbs 2%

Following Accenture's quarterly revenue beat, ADRs of Indian players Infosys and Wipro, listed on the NYSE jumped 2-3 percent overnight, suggesting a potential upside for Indian IT stocks in today's trade.

Gen AI, strong deal momentum to propel IT growth in coming quarters, says Nuvama

Nuvama said that the rebound in BFSI, driven by increased discretionary spending, is likely to support further growth.

IT companies' digital spending to increase by 13% to over $26 billion in 2024

The anticipated jump in digital spending will be a shot in the arm for the IT sector, which is facing sluggish demand due to macroeconomic challenges.

Mixed bag for Indian IT: What Accenture's earnings imply for TCS, Infosys, others

Mid-tier IT companies might bear the brunt from the onslaught of their larger peers as the race to grab large deals, according to analysts

Making visas for Indian IT workers expensive isn’t in interest of the US

Immigrants and native workers do not compete for the same jobs but rather complement each other, according to the American Immigration Council

Indian IT learns to do more with less

The fall in headcount and buoyant financials indicate that the industry leaders are moving on to higher value addition with lower level coding and systems maintenance work becoming increasingly automated

As Atos sinks deeper, it is advantage Indian IT firms

Atos went on an acquisition spree in the past years. Having shopped in a rush, it now desperately needs to shed flab and that’s not happening because of instability at the top

Accenture’s tepid outlook implies more pain for Indian IT even in FY25

Kotak Institutional Equities said further cuts in short-cycle discretionary projects is a negative for companies such as Wipro, LTIMindtree, Mphasis, and Infosys

PSUs should be seen as a marathon, not a sprint: TRUST Mutual Fund’s Sandeep Bagla

Previously, there were concerns regarding government intervention, capital allocation, and agility within PSU firms. However, these perceptions seem to be getting cleared, paving the way for increased valuations and multiples.

For Indian IT, 2023 was one of the worst years since Global Financial Crisis

Industry experts see the impact of the ongoing market conditions for the IT sector spilling over to 2024. The uncertainty around discretionary spending will continue for at least the next six months.

IT stocks shrug concerns over Accenture's weak demand outlook, gain 1-2%

Accenture's growth guidance for the February quarter is below the consensus estimate and also hints at continued cost optimisation in IT spending, which is likely to keep demand muted.

Indian IT gets US lifeline, turns investor favourite  

The narrative of a soft landing and a peak in US interest rates has raised hopes of IT companies and their investors, and leading to revised hiring plans 

Pharma, IT, banks best poised post-Q2 earnings, says Kunal Shah of Carnelian Capital

Pharma has emerged as the real star this earnings season, but banks are poised to join the rally soon as NIM pressure is behind them. Expect IT earnings to bottom out in the next one to two quarters, he said.

Wipro makes work from office thrice a week mandatory from November 15, warns errant employees of consequences

Wipro has warned employees that they would face consequences starting January 7, 2024 if they consistently fail to adhere to the new hybrid work policy.

Cut cut cut: Indian IT firms slash revenue guidance across the board as growth sputters

Companies have continued to cut their guidance due to the demand environment, a weak H1, longer deal closure timelines, and more

A growth hurdle for Indian IT companies may sour middle class dreams

Securing a job with a software company is seen as a route to a better life, but it may be a difficult one as some IT companies may skip campus hiring altogether

Accenture’s results don’t offer much relief for Indian IT’s Q2 numbers

Indian IT companies are experiencing the same market pressures and cannot fully escape the negative macro environment.

Accenture forecasts first-quarter revenue below estimates as tough economy weighs in

Accenture has guided for revenue growth of -2 to 2 percent in Q1FY24.