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Tech Mahindra Q2 FY24: Weakness continues, hints at a promising FY25

A turnaround hinges on the execution and efficiency of the restructuring of the business

Wipro Q2FY24: Weakness continues

The company expects furloughs to be more pronounced in Q3 and it is guiding to a very weak quarter, with revenue decline between 1.5 percent and 3.5 percent

Zensar Q2: Rally likely to pause

Demand environment is still challenging, and the company expects Q3 to be soft

Chart of the Day: How TCS returns large amount of cash every year to shareholders

Total payouts by TCS increased by 9.6 percent per annum in the past four years to Rs 42,079 crore in FY23

Can India shield jobs from GenAI disruption?

The proposed Digital India Bill can use WEF inputs while considering AI regulation so that least harm is done to human labour

How large cap IT can diverge from Accenture on order wins

Infosys, TCS, HCL have won several large projects in Q2 with total revenue potential of more than $1 billion

Best Performing IT Stocks in India to Watch for in 2023

Here are the top 5 IT stocks that investors should look forward to in 2023.

Tech Mahindra’s rebound trade has gone too far 

The stock valuations of Tech Mahindra are at par or slightly lower than TCS and Infosys  

Mega orders of Infosys, HCL should allay insourcing fears of IT investors

Even as global enterprises develop technology capabilities, Indian IT vendors continue to find enough opportunities in the market

Continue to witness challenging environment especially for IT hiring: Info Edge CEO Hitesh Oberoi

Oberoi said that several captives are clients of the company and if there’s growth in hiring in captives, Naukri will benefit

Midcap IT’s recovery optimism faces investor scrutiny

While frontline IT companies are uncertain about the near term outlook, Coforge, Persistent Systems and Mphasis sounded confident about sequential recovery

Infosys Q1 FY24 – Can investors keep faith after repeated disappointments?

With healthy cash generation and steady growth, Infosys remains a decent dividend-yield play

Coforge Q1 result: Revenue rises 2.8% sequentially; declares interim dividend

Coforge said that the Board of Directors at its meeting held on July 20, 2023 has declared an interim dividend of Rs 19 per equity share and the record date for this payout will be August 3, 2023.

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

LTIMindtree exudes cautious optimism

The company is ready to make the most of the multi-year technology spending opportunity

TCS Q1 FY24 – Macro impact dents show, near-term outlook cloudy

Contrary to the expectations of normalisation in the second half of FY24, the company management remains non-committal on the timing of recovery

IT firms’ generous payouts under threat as slowdown begins to bite

Amid the deceleration in growth rates, it will be tough for the companies to maintain the generous payouts of recent years.

LTIMindtree stock enters big league, its operating metrics less so

LTIMindtree stock is the most expensive stock among the large vendors but its profit margins are significantly lower than TCS, Infosys

Why is it time to take profit in Zensar?

The limited scope for margin expansion and challenging demand scenario caps the earnings upside in the near term.

IT services – at a crossroads of macro headwinds, huge technology disruptions

Generative AI is triggering unprecedented disruption and nimble-footed smaller players with less baggage of legacy may race ahead

As hiring slows, employee pyramid improvement stalls at Infosys, TCS

Lack of progress on improving the employee pyramid mix can weigh on profitability expansion of IT services companies

Dropout to data scientist: Indian firms open to hiring non-tech candidates with relevant skills

Amid a bleak employment market, job-seekers across sectors are now turning to tech upskilling to stay relevant in the techade. But the question also arises if Indian companies have moved away from traditional tech degrees yet?

LatentView’s dismal Q4 a reality check for investors

The stock dropped 10 percent on Wednesday, the second biggest fall since its listing in 2021

Cognizant's gains could come at Indian IT's expense

Order bookings rose 28 percent in March quarter, highest in a year. Its growth may up competitive pressures for domestic companies