The country’s top five IT companies have been lagging behind their medium and small counterparts in revenue and profit growth over the past few quarters. Analysts, however, believe that the performance gap is narrowing and the top five are expected to gain amid the rising cost consciousness of clients.The revenue share of 83 Tier-II and … Read more
ET Intelligence Group: India Inc delivered strong double-digit growth in net profit in the September quarter, riding a stellar show by automobiles, banking and finance, cement and metal companies with a domestic focus.Revenue expanded in single digits as consumer goods companies faced volume pressure and IT companies continued to struggle for growth.Net profit growth surged … Read more
Mumbai: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
“We called out at the beginning of the year itself that you will see a bulk of the returns coming in the market in the second half of the year and that is what we are prepared for,” says Dinshaw Irani, CIO, Helios India.One-third of the total cloud opportunity has only been implemented in terms … Read more
Several large Indian companies exploring outbound investments have put their plans on hold following a global tax deal over concerns of additional taxes and compliance challenges related to the new framework adopted by the world’s leading industrial bloc. Large companies, especially in the information technology (IT) and information technology-enabled services (ITeS) sectors, were looking to … Read more
Abhimanyu Sofat, VP-Research, IIFL, explains why he thinks it makes sense to increase allocation in private sector banks as well as SBI. He is also bullish on metal stocks for the next 3-4 months. Edited excerpts from an interview. What would be the key highlights from some of the numbers and guidance that IT companies … Read more