It Budgets

Chandrasekaran said even as the world is going through uncertain times, technology spends for all corporations globally will only increase

Chart of the Day: ISG index predicts more pain for as-a-service IT companies

Contract awards in the as-a-service market declined 13 percent in March 2023 quarter but IT services are expected to fare relatively better

No New Year cheer for tech cos; big banks to cut IT budget

There are no new deals coming in from JP Morgan, Morgan Stanley and Citibank considering the fact that in the last one year they have had several deals coming out. For the first half of this year they will not be launching any new deals.

FY13 growth to be less than 11%: MindTree

Rostow Ravanan, CFO, MindTree expects growth in FY14 to be better than FY13. "Most of our US customers are fairly confident about their budgets. They are confident about the prospects for their own business," he said in an interview to CNBC-TV18.

Next 12 months to be better than last for IT sector: TCS

The country's largest software exporter Tata Consultancy Services today said it expects the next 12 months to be better than the last for the technology industry, citing clarity in the business environment.

Wipro bets on H2 revival as India, Gulf biz takes beating

CNBC-TV18's Shreya Roy reports that Wipro is betting on a revival in demand in the second half of the year, to maintain the growth momentum.

Global tech market growth stabilising: Gartner

Growth in technology spending by companies and the public sector is stabilising at much lower levels than last year, due to economic worries in many key markets, research firm Gartner said on Monday.

IBM targets rivals with info tech maintenance product

IBM is taking aim at competitors such as Hewlett Packard Co and Oracle Corp with PureSystems, a new product line that helps companies reduce time and money spent on increasingly complex information technology maintenance.

Skilled leaders in big demand

IT spending might have softened, but skilled IT leaders are still in demand. According to Gartner, the research company, global spending is below its peak but still finished last year higher than in 2010.

I-T major Cognizant targets FY12 revenue at USD 7.53 bn

NASDAQ listed Cognizant delivered a strong fourth quarter performance, for the quarter ended December 31, 2011. Francisco D'souza, the president and CEO of Cognizant says the company is targeting 23% revenue growth this year.

Indian CIO IT Budgets Outshine Global Counterparts

CIOs in India report that their IT budgets are expected to grow 12.8% in 2012, while CIOs globally expect flat growth, says Gartner survey.

IT majors report strong Q3, but earning cuts loom

Infosys, Tata Consultancy Services and HCL Technologies reported strong earnings growth in Oct-Dec, typically a slow quarter given the holiday season. There was even strong outsourcing demand from Europe, despite the debt crisis there.

Analysts cut Infosys FY13 USD revenue growth; stay 'buy'

The Infosys shock of a flat fourth quarter guidance and a cut in current fiscal US dollar revenue growth on Thursday, has prompted many analysts to cut their fiscal 2013 revenue forecasts.

Infy unruffled by western worries, says it's biz as usual

Kris Gopalakrishna, executive co-chairman of Infosys Technologies says that feedback suggest that clients are not planning to cut budgets. "We are almost done with budgets for this year and a review may happen only next year. Even if they are pruned, it could be by 5%. Growth may come down but we will still grow," he says

No major impact of global economic uncertainty: Wipro BPO

Wipro BPO, the business process outsourcing arm of Wipro Technologies, today said it does not see any major impact of global economic uncertainty on the sector.

US eco conditions may hit clients' IT budget: Mah Satyam

IT company Mahindra Satyam today said the uncertain economic conditions in the US could impact clients' IT budgets in the near-term, but the situation is also likely to present new growth opportunities.