The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
IT companies have, in recent times, re-invested gains arising from a weaker rupee.
Design thinking refers to solving traditional tech problems using newer, different and innovative methods
Investigative website Cobrapost on Friday alleged that IT companies are misusing social media platforms like Facebook, YouTube and Twitter to artificially boost politicians popularity and malign their rivals, with many firms claiming to be working for BJP and Narendra Modi.
IT companies would be entitled to the same tax benefits as SEZ developers.
In the past five years, the US has seen nearly two dozen Bills on employment visas introduced without success. But this time it is different, industry sources tell Ayan Pramanik.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
In a historic referendum on Thursday, the United Kingdom voted to leave the Eurozone.
Europe is the second largest market for Indian IT-BPM industry
Worst performers among category funds, but beat sectoral indices
Having lost some key personnel, the IT company is sticking to its formula of scouting internally
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
"We will fight to protect every last American life," Trump
An increasing number of IT companies find the idea of using social media making a lot of sense.
Doha-based Qatar Foundation Endowment has bought five per cent stake for $1.18 billion in Bharti Airtel.
A new category of jobs will be created in 2014 due to the whole social networking blast, say experts.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
IT sector may have to face tough times ahead.
According to government statistics, Indian IT firms support 280,000 jobs in the US and have contributed about $15 billion to the US Treasury in the past five years.
The top 200 IT companies in India logged a combined revenue of USD 84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11, the highest in the past four years, according to a survey.
Following the heavy downpour which crippled normal life, the state government has declared a holiday for educational institutions in Hyderabad on Friday and Saturday.
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
Big Indian IT companies, heavily reliant on the US market and eager to diversify, have intensified efforts to crack continental Europe.
The film is currently being shot in Thodupuzha.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
The comprehensive Senate immigration reform legislation, America Inc thinks, will adversely affect Indian IT companies and will have an inimical spillover impact on American firms too.
Defying an overall sluggish market sentiment, IT stocks on Wednesday rose by up to 4 per cent amid the rupee sinking to a life low of 68.75 against the dollar.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
The private sector has been selfish and greedy, and does not realise that it's they who should be blamed for the failure of India's growth story rather than the system and politicians.
TCS' customer focus has been central to its recent success.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
In less than a week of Donald Trump being sworn in as the 45th US President, the "H-1B and L-1 Visa Reform Act" was introduced to prioritise American workers and restore fairness in visa programmes for skilled workers.
Srikantan Moorthy, vice president and head, education and research, Infosys, on the reasons why colleges in India don't churn out employable graduates, the competencies that Infosys looks out for in freshers and how young students can make themselves employable right from their college days.
Chambers said Internet will facilitate 3-5 times the economic impact at a much faster pace
Ivide tries to tackle a lot of things but ends up satisfying none.
Software services industry may have to relook its cost structure to maintain a higher margin.
Even as government projects aren't lucrative from a revenue perspective, companies fight with each other to bag the contracts
Given the sharp differences that the Democratic and Republican lawmakers and the White House has on various aspects of immigration reform including H-1B, the Congressional passage of the bill and its becoming a law as of now appears to be a tall order.
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