The fourth quarter earnings season is underway and it has been a mixed one for the IT sector. While TCS’ fourth-quarter numbers were better than expectations, Infosys missed estimates on revenue and FY25 guidance. On Friday, as many as 15 companies will announce their quarterly numbers with some of the major ones in the mix, … Read more
“Largecap results in general have been below par except for few sectors like pharma, auto which have stood out. IT sector results were okay, nothing very great, so that is the big issue with the markets that on the large capside there are very few companies which can drive the index further higher,” says Sandip … Read more
A panel discussion in progress on campus hiring strategies organised by MLRIT in Hyderabad. IT industry experts argued that Telangana students have expanded their footprints globally due to their commitment, quality training and the colleges’ association with international certified companies. The experts were speaking at a panel discussion organised on the ‘Campus Hiring Strategy’ by … Read more
Varun Saboo, Head Equities, Anand Rathi, says we are seeing all the midcap IT companies coming and giving a higher guidance versus fears settling in after Infy numbers. I do not see any challenge. It was more, Infy specific, probably a quarter’s problem. One has to keep an eye on TCVs and how things shape … Read more
” I think there is a longer-term challenge to the business. Near-term, of course, the deal gains have been fairly robust. So this year is going to be definitely a challenging year for the IT sector. I think the market has already realized that and has traded it down. What we are looking now is … Read more
“Well I am first an Indian citizen and then a tech entrepreneur so therefore I would want India to make tremendous progress, not just in IT but in every sector,” says NR Narayana Murthy, Founder, Infosys.What about manufacturing as an industry because a lot of people are saying that manufacturing is positioned the way services … Read more
It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully. Source link
TCS has been able to transform itself into an IT services behemoth over the years. It has now set an ambitious goal on the revenue front. How is the company placed to handle the challenges that come with this?The 2022 Annual Report of TCS has a message from the CEO’s desk that the software major’s … Read more
In the last five years, Intellect Design Arena has come a long way — from uncertainty as to whether there will be wide acceptability of its products to entering the territory of viability and profitability. How did it manage it and what are the challenges that may impact its valuations?I came to know about Intellect … Read more
NEW DELHI: Banking and IT are the two sectors, which saw a bulk of foreign equity outflows on a trailing 12-month basis. In its latest report, said the bulk of the FPI selling on a 12-month rolling basis has been concentrated around financials and IT, with a 93 per cent contribution along with FMCG, other … Read more