Isg

ISG, which tracks commercial outsourcing contracts, lowered the growth forecast for managed services

TCS CEO Krithivasan’s new operating structure gets mixed response from industry experts

According to analysts, former CEO and MD Rajesh Gopinathan’s structure led to unrest among senior executives and confusion among customers. But neither are they sure how the new vertical-wise structure will help TCS navigate the shifting shape of today’s industry.

Chart of the Day | Steady managed services market counters recession fears for Indian IT

Thanks to a healthy dosage of large deals, the managed services market hit a new high of $10 billion in the June quarter

3 of India's top 5 IT firms saw revenue per employee decline in last five years

HCLTech reported the sharpest fall of 11% in 5-year CAGR. However, at $55,704 aggregate revenue per employee, it’s still the highest among the top five

AWS, Azure, Google Cloud report single digit YoY growth by annual contract value in Q4CY22 

Industry experts call emerging markets like India and Asian countries a saving grace as tech spending continues to go down in the US and Europe – key markets for hyperscalers. 

IT mega deals of over $100 million hit a historic low in September quarter

The growth in the IT sector was driven by smaller deal wins which saw the biggest jump on YTD basis, while mega deals continue to remain flat. Industry experts expect this trend to continue in the December quarter as well.

IT companies’ metaverse ambitions may slow as clients turn cautious

There’s not much client spending on the metaverse and Web3 right now, though the technology provides immense possibilities and opportunities.

Demand for IT companies to remain strong for next 18 months, experts say

A survey by investment firm Wedbush Securities shows that IT companies’ clients maintain a positive intent to spend on technology both in the second half of the calendar year 2022 and the first half of 2023

See medium-term margins in 18-19% range: HCL Tech

HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.