Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand.
Software major Infosys Technologies Ltd is not pursuing its American Depository Receipt plans, as it feels the time is not conducive for another offshore listing and would opt for a "wait and watch" approach.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
At times of slow growth, India has seen number of graduates doubling since 2008 to almost 25 million in 2016
The pace of job generation has slowed as IT firms look at automation to do testing
Two outsourcers would be selected to perform a range of work and are set to benefit as Westpac spends hundreds of millions of dollars over the next couple of years to update core banking systems and integrate complex technology functions as part of the 12-billion-Australian-dollars acquisition of St George Bank, the newspaper said. Westpac refused to comment on the issue.
With prominent Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys Technologies, Zensar Technologies and Satyam Computer Services increasing their presence in Japan, the world's second largest IT services market is becoming a lucrative market for India.
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
Firms are flooded with credit crisis-related litigation jobs from American law companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Software services industry may have to relook its cost structure to maintain a higher margin.
Tata Consultancy Services has retained its position as the number one software services exporter (excluding ITeS and BPO) followed by Infosys and Wipro in the Nasscom's Top 20 software exporter list.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
Infosys Chairman N R Narayana Murthy has cautioned that any protectionism that prevents free flow of capital, human talent and technological expertise, would 'set the clock back by decades' in terms of growth in productivity.
The company's IT services segment had a headcount of 158,217.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
After two decades of being in the information technology business, India is still a 'toddler' with only 2 per cent of global market share, according to N R Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies Ltd.
We are optimistic about the Indian offshoring story gathering pace, but we feel the biggest beneficiaries will be companies that have proven execution capabilities.
'It is not that the H1B visa employees are coming in to displace jobs.'
The Indian IT sector, which is doing exceedingly well going by the July-Sept quarter results, can sustain the momentum in the coming quarters as Indian IT firms enter new markets and gain business, experts say.
Where do Indian IT firms stand compared to their global peers in this journey of transformation? Ayan Pramanik seeks answers from IT services analyst Phil Fersht.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.
Experts, however, are of the opinion that a world manned mostly by bots is still some time away. Also, new jobs -- of bot builders and supervisors -- will emerge with time.
TCS is expected to report a 5 per cent QoQ (USD) growth in revenues, highest in our coverage, while Wipro's IT Services revenue growth could be closer to 1.1 per cent QoQ (USD terms)."
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Sikka said since more and more of the work is now becoming automated, the Indian IT companies need to focus much more on the innovative areas and on the new areas.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
'The industry growth in 2016< came from the new digital technology segment which grew at over 20%.' 'The challenge for the industry is that the legacy business makes up almost 80% of revenue.' 'Hence the urgency to transform into digital business.'
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In new year message, Sikka warns staff of automation, Premji talks of Wipro's core values
Technology evolution forces private players to downsize operations.
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