Top largecap, midcap, smallcap Indian IT stock picks as suggested by brokerages
2 years, 9 months ago

Top largecap, midcap, smallcap Indian IT stock picks as suggested by brokerages

Live Mint  

Indian IT stocks have recently been under pressure amid the current market selloff. Domestic brokerage and research firm Edelweiss in its latest report on IT said that it prefers HCL Tech, Infosys and Tata Consultancy Services among the large-caps and Coforge, LTI and Mindtree among midcap IT stocks. Analysts at brokerage JM Financial said that Accenture’s results confirm the ‘All’s well for now’ thesis for Indian techs despite increasing concerns of hit on IT spending given a weak macro set up. “Our channel checks also suggest that demand is holding up well for Indian techs for now with the likely macro set up expected to benefit offshore techs, albeit with a lag.” Infosys and HCL Tech are the brokerage's top stock picks amongst Tier I techs, while Mphasis, Persistent Systems amongst Tier II ‘s and Zen Tech and Firstsource amongst small caps. While strong revenue growth and commentary on the pipeline is positive for the IT Services sector, weak employee addition and moderation in deal bookings should dampen the demand outlook,” said another brokerage Motilal Oswal.

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History of this topic

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall
1 week, 2 days ago

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall

India Today  

Information Technology stocks tumbled in early trade on Friday after global IT giant Accenture reported its second quarter results for the financial year 2025-26. Accenture, which is seen as a key indicator for the Indian IT sector, raised the lower end of its annual revenue forecast but kept the upper end unchanged. Shares of Accenture also ended over 7% lower …

Unsettling signs emerge for IT investors
1 week, 6 days ago

Unsettling signs emerge for IT investors

Live Mint  

At the start of 2025, the Indian information technology sector was poised to see a reversal of fortunes during the year. Robust US economic growth and interest rate cuts by the US Federal Reserve were seen as likely drivers, giving the sluggish client expenditure in the key banking and healthcare segments an impetus. Secondly, the ambiguity around trade tariffs means …

Reliance, Infosys to SBI — 75 large-cap stocks in bear grip as market selloff deepens
2 weeks, 2 days ago

Reliance, Infosys to SBI — 75 large-cap stocks in bear grip as market selloff deepens

Live Mint  

Stock market: Indian stocks have been going through a rough phase in recent months as the world's fifth-largest stock market faces heightened uncertainty, driven by Donald Trump’s stop-start tariff policies, which are pushing investors away from risky bets due to concerns about the global economic fallout. Back in India, as the country grapples with its own challenges, including a slowdown …

IT stocks plunge as analysts have doubts about a growth rebound
2 weeks, 3 days ago

IT stocks plunge as analysts have doubts about a growth rebound

Live Mint  

Shares of India’s largest information technology service providers tanked Wednesday after at least three brokerages raised concerns about the industry’s growth recovery in FY26. The country’s top five software services companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, dropped as much as 1.99%, 4.28%, 1.91%, 3.44%, and 2.8%, respectively, on Wednesday's …

Indian IT stocks face fresh selloff on weak US economic data; Nifty IT tanks over 1%
3 weeks, 2 days ago

Indian IT stocks face fresh selloff on weak US economic data; Nifty IT tanks over 1%

Live Mint  

Indian stock market: After a two-day relief rally, Indian technology stocks resumed their losing streak on Friday, March 6, tracking the 2.6% slide in the Nasdaq Composite overnight. Mounting global trade tensions and weak economic data from the U.S., the world's largest economy, are signaling weakness and unsettling investor sentiment, as this region accounts for the majority of revenue for …

IT stocks lose steam amid Fed rate cut uncertainty, trade risks; Coforge and 6 other stocks fall up to 23% from peaks
1 month, 1 week ago

IT stocks lose steam amid Fed rate cut uncertainty, trade risks; Coforge and 6 other stocks fall up to 23% from peaks

Live Mint  

The Nifty IT Index has continued to outperform the broader Nifty 50 index over the past year. This surge was fueled by the U.S. Federal Reserve's consecutive rate cuts, which boosted investor sentiment as lower interest rates were expected to drive higher IT spending in the U.S. Additionally, Donald Trump's victory in the U.S. presidential elections further supported the rally. …

TCS, Infosys to Tech Mahindra: Nifty IT index dips after weak Capgemini earnings
1 month, 1 week ago

TCS, Infosys to Tech Mahindra: Nifty IT index dips after weak Capgemini earnings

Live Mint  

Stock market today: Shares of IT companies declined in the early morning trade on Wednesday, February 19, following a weak set of earnings announcements by the French IT consulting firm Capgemini. Capgemini reported a 2% decline in its annual constant currency sales, Reuters reported, but narrowly beat analyst estimates, helped by sustained demand for its cloud and AI services. Expert …

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?
2 months ago

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?

Live Mint  

The big boys of the Indian IT sector plan to ramp up hiring in the next financial year, driven by green shoots in demand and signs of healthy economic growth in key Western markets. In the recently concluded December quarter, the big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced their plans to add more employees in the ongoing quarter …

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED
2 months, 1 week ago

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED

Live Mint  

Stock market today: Shares of Indian information technology companies rose in trade on Wednesday, January 22 despite high volatility in the stock market. Ross Maxwell, Global Strategy Operations Lead at VT Markets had said that Asia's economies may face volatility due to Trump's trade wars and tariffs, but some sectors — like tech and defence — could thrive. Lastly, there …

Stock market outlook: Emkay expert sees moderate return with Nifty 50 target of 25,000; small, midcaps to outperform
2 months, 2 weeks ago

Stock market outlook: Emkay expert sees moderate return with Nifty 50 target of 25,000; small, midcaps to outperform

Live Mint  

Indian stock market crashed on Monday, with both the benchmark indices, Sensex and Nifty 50, falling over a percent each, amid weak domestic and global market cues. Seshadri Sen, Head Of Research And Strategist at Emkay Global Financial Services Ltd., maintains a Nifty target of 25,000, reflecting a moderate 6.5% return for the year, while projecting stronger performance from small- …

Was 2024 indeed better than last year for the big boys of Indian IT?
3 months ago

Was 2024 indeed better than last year for the big boys of Indian IT?

Live Mint  

Bengaluru: India’s top five information technology services companies grew at a slower clip in the first nine months of this year, defying hopes that the $254 billion industry would rebound after reporting its weakest growth ever in 2023. The spectre of GenAI Keith Bachman, an analyst with BMO Capital Markets, said in a 12 December report that increased hiring by …

Indian IT hiring: 2025 promises rebound; AI/data science roles to dominate job market
3 months ago

Indian IT hiring: 2025 promises rebound; AI/data science roles to dominate job market

Deccan Chronicle  

New Delhi: Indian IT hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future. In 2024, the Indian IT sector experienced approximately a 7 per cent decline in hiring compared to the previous year, largely due to broader macroeconomic challenges and global uncertainties. There was notable growth in IT hiring …

IT sector swings between hope and despair
3 months, 1 week ago

IT sector swings between hope and despair

Live Mint  

Global IT giant Accenture’s Q1FY25 results surprised positively with constant currency revenue growth of 8% year-on-year, beating its 2-6% guidance. Growth was broad-based but led by the healthcare and public services vertical where Accenture has relatively higher exposure than tier-I Indian peers. “Accenture’s improving deal total contract value share indicates its growth, especially in Managed Services, might be coming at …

Outlook 2025: Indian stock market to stay buoyant in 2025, says ITI MF, suggests 5 sectors & themes to bet on
3 months, 1 week ago

Outlook 2025: Indian stock market to stay buoyant in 2025, says ITI MF, suggests 5 sectors & themes to bet on

Live Mint  

Market outlook: The Indian equity markets remained resilient for a major part of the calendar year 2024, despite challenges posed by sticky inflation, weaker-than-expected Q2FY25 earnings, general election outcomes, FII outflows, and geopolitical uncertainty. That said, ITI Mutual Fund expects India's structural long-term growth story to remain intact, driven by favourable demographics and stable governance. Themes and sectors to watch …

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today
4 months ago

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today

India Today  

Shares of leading Indian IT companies faced significant pressure on Thursday, with stocks like Infosys, TCS, HCLTech, Tech Mahindra, LTIMindtree, and LTTS declining by 2-4%. This raised doubts about the pace of interest rate cuts by the US Federal Reserve, with traders now estimating a 65% chance of a rate cut next month. "The inflation numbers have renewed fears of …

MCap of top 8 companies slides ₹1.28 lakh crore, TCS and Infosys biggest losers among top 10 most valued companies
7 months, 3 weeks ago

MCap of top 8 companies slides ₹1.28 lakh crore, TCS and Infosys biggest losers among top 10 most valued companies

Live Mint  

Eight out of the top 10 most valued companies in India collectively lost ₹1,28,913.5 crore in market value last week, PTI reported. IT major TCS' value shrunk by ₹37,971.83 crore to ₹ ₹15,49,626.88 crore, making it the single biggest laggard among the top 10 companies. Further, telecom major Bharti Airtel's value declined by ₹11,821.5 crore to ₹ ₹8,50,389.88 crore; followed …

India's top 5 IT firms continue headcount decline for 7th straight quarter
7 months, 4 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year, 3 months ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

Top gainers and losers today on 13 October, 2023: Tata Motors, Indusind Bank, Axis Bank, Infosys among most active stocks; Check full list here
1 year, 5 months ago

Top gainers and losers today on 13 October, 2023: Tata Motors, Indusind Bank, Axis Bank, Infosys among most active stocks; Check full list here

Live Mint  

The Nifty closed at 19794.0, down by 0.22%. The Nifty 50 has provided the following returns: - In the last 1 week: 0.52% - In the last 1 month: -1.57% - In the last 3 months: 1.76% - In the last 6 months: 10.81% - In the last 1 year: 16.11% The top gainers in the Nifty index were Tata …

Accenture results leave IT investors between hope and despair
1 year, 5 months ago

Accenture results leave IT investors between hope and despair

Live Mint  

Accenture’s revenue for the quarter ending August, deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology sector. Secondly, this also means that large deal ramp ups could take longer, further weighing on the sector’s FY25 revenue growth trajectory—an incremental negative. Accenture’s FY24 revenue growth guidance of 2-5% was modest considering that …

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends
1 year, 7 months ago

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends

Live Mint  

Goldman Sachs has initiated coverage on six Indian Information Technology services companies and expects the sector to see growth amid tailwinds from Generative AI and pent-up demand. While our overall sector revenue growth is in line with consensus, we see company specific divergence, and are ahead of consensus on Infosys and TCS,” Goldman Sachs said in a note. TCS is …

Goldman Sachs Sees Indian IT Sector Revival In FY25, Starts Coverage Of Six Indian IT Stocks
1 year, 7 months ago

Goldman Sachs Sees Indian IT Sector Revival In FY25, Starts Coverage Of Six Indian IT Stocks

ABP News  

Goldman Sachs has forecasted a resurgence of India's IT sector companies backed by pent-up demand for IT services and the impact of adopting generative artificial intelligence tech. In a report published on Tuesday, the Wall Street bank said that it sees a 9 per cent to 10 per cent revenue growth from the financial year 2024-25, even as in FY24 …

IT stocks fall after Accenture cuts earnings growth guidance
1 year, 9 months ago

IT stocks fall after Accenture cuts earnings growth guidance

Live Mint  

Shares of all major Indian Information Technology services companies declined on Friday after US tech giant Accenture cut its revenue guidance for the fourth quarter, raising concerns over earnings of Indian software companies. Domestic brokerage firm Motilal Oswal expects a negative near-term impact of Accenture’s earnings commentary on Indian tech companies. “The overhang on the small deal extension and execution …

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?
1 year, 9 months ago

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?

Live Mint  

On expected lines, the January-March quarter numbers of Indian IT companies came on the softer side with signs of stress due to the economic slowdown in the key markets including the US and Europe. Mixed numbers As Mint reported earlier, both Infosys and TCS, which together comprise 11 per cent of the Nifty 50 index weightage, missed analysts' estimates in …

India IT services biz set to sink to three-year lows in March qtr
1 year, 11 months ago

India IT services biz set to sink to three-year lows in March qtr

Live Mint  

NEW DELHI : Homegrown IT services firms are likely to close the last financial year on a sombre note, with analysts predicting three-year lows for the sector on various metrics such as deal bookings and revenue growth. The March quarter performance could also set the tone for FY24, in which experts expect deferred deals for the industry leading to slower …

JPMorgan lists out why top IT Indian firms TCS, Infosys may benefit from AI boom
2 years, 1 month ago

JPMorgan lists out why top IT Indian firms TCS, Infosys may benefit from AI boom

Live Mint  

Generative AI models such as ChatGPT can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption, which can have a combination of headwinds and tailwinds for IT Services firms, as per JP Morgan. Any tech change likely favours consulting heritage firms and digital native firms over tech heritage firms such as …

’Uncertain times ahead..’: Jefferies on Indian IT companies
2 years, 2 months ago

’Uncertain times ahead..’: Jefferies on Indian IT companies

Live Mint  

A sharp slowdown in net hiring, muted growth outlook in 4Q and a potentially slower conversion of bookings to revenues points to a sharp growth moderation for Indian IT firms, highlighted Jefferies in a note on Indian IT firms who sees ‘uncertain times ahead’ for the sector. “After the Q3 results so far, the brokerage house expects aggregate revenue for …

Amid slowdown & rising caution, will IT firms deliver another weak quarter?
2 years, 2 months ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint  

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

Jefferies is cautious on Indian IT sector. This stock is its only ’Buy’ pick
2 years, 2 months ago

Jefferies is cautious on Indian IT sector. This stock is its only ’Buy’ pick

Live Mint  

During Q3 FY23, global brokerage Jefferies expects aggregate revenues for its Indian IT coverage to moderate sharply to 1.4% sequentially, with HCL Technologies and LTIMindtree leading growth. Accenture's recent results indicated rising caution with shift in client focus towards cost optimization projects vs. growth projects. Accenture's implied revenue growth guidance of 5.6-9.6% YoYcc in 2HFY23 vs. 25% YoYcc in 2HFY22 …

IT investors find little comfort in Accenture results
2 years, 3 months ago

IT investors find little comfort in Accenture results

Live Mint  

Recently, HCL Technologies Ltd had said that it expects FY23 revenue growth to be at the lower end of the guidance of 13.5-14.5% in constant currency terms. Amid looming worries on demand slowdown, investors in Indian information technology services companies’ stocks looking for meaningful clues from Accenture Plc’s Q1FY23 results are in for some disappointment. View Full Image Accenture's Q1FY23 …

If you have Indian IT stocks, should tech layoffs worry you?
2 years, 3 months ago

If you have Indian IT stocks, should tech layoffs worry you?

Live Mint  

Many major US IT companies felt the burn of macroeconomic headwinds and prepared by trimming their employee strength through massive layoffs to improve margins. However, the revenue of the major Indian IT companies in the last quarter was consistent with the estimates with healthy outlook commentary, as per analysts. Going forward, healthy deals in the areas are estimated to drive …

Infosys, TCS shares: Why BNP Paribas is bullish on these 2 Indian IT stocks
2 years, 4 months ago

Infosys, TCS shares: Why BNP Paribas is bullish on these 2 Indian IT stocks

Live Mint  

The BNP Paribas IT services industry outlook index indicates that near-term revenue growth outlook remains strong, helped by strong deal wins. “Downside risks to the DCF-based TP are sharper-than-expected decline in global economic activity and GDP growth, margin pressure from increased competition, sustained INR appreciation vs the USD, and current cost inflation seen by IT services companies not getting fully …

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue
2 years, 5 months ago

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue

News 18  

IT companies — Tata Consultancy Services, Infosys, Wipro and HCL Tech, among others — are facing high attrition rates and the IT sector’s average attrition rate is currently as high as 25 per cent. HCL Tech’s attrition remained at 23.8 per cent in Q2FY23, TCS attrition rate in IT services was 21.5 per cent during the September 2022 quarter. Wipro’s …

For health of IT stocks, watch how BFSI industry performs
2 years, 7 months ago

For health of IT stocks, watch how BFSI industry performs

Live Mint  

Information technology stocks have been on shaky ground in recent months primarily because of concerns of a US-led recession, which can hurt deal pipelines of companies and eventually revenue growth. Growth in BFSI has lagged overall aggregate growth over the past four quarters, according to Ambit Capital’s analysis of sequential constant currency revenue growth of the top four IT companies. …

As US recession fears grow, what Indian IT employees, shareholders need to know?
2 years, 9 months ago

As US recession fears grow, what Indian IT employees, shareholders need to know?

Live Mint  

Global brokerage and research firm JPMorgan's recent CIOs survey, conducted by its US Tech team, indicated that IT budgets are expected to contract 1-2% in ‘real terms’ growing 5/6% in nominal terms over CY22/23 vs inflation of 6-8%. In a recession, the report suggests that CIOs using Indian IT companies Tata Consultancy Services, Infosys, Wipro as a vendor would cut …

Is all well for Indian IT firms? What Accenture’s results indicate
2 years, 9 months ago

Is all well for Indian IT firms? What Accenture’s results indicate

Live Mint  

US-based IT giant Accenture's earnings are often seen as an indicator of the performance of the Indian IT sector. Accenture’s strong performance and solid commentary supports brokerage Edelweiss' thesis of a robust tech upcycle. Analysts at brokerage JM Financial said that Accenture’s results confirm the ‘All’s well for now’ thesis for Indian techs despite increasing concerns of hit on IT …

TCS, Infosys shares trade near 52-week lows. Good levels to buy?
2 years, 9 months ago

TCS, Infosys shares trade near 52-week lows. Good levels to buy?

Live Mint  

Shares of top Indian IT companies Tata Consultancy Services and Infosys have fallen sharply amid the current market volatility and the IT stocks are trading near their respective 52-week low levels. Domestic brokerage and research firm Motilal Oswal is bullish on the IT stocks and has Buy tags on both TCS and Infosys shares with a target price of ₹4,240 …

How top Indian IT companies Infosys and TCS are fighting attrition
2 years, 9 months ago

How top Indian IT companies Infosys and TCS are fighting attrition

Live Mint  

Attrition rates have been high across IT companies through the last few quarters as demand for technology talent with digital skills continued to outstrip supply with increasing labor costs. “The companies have taken various measures such as offering competitive compensation, improving employee engagement, employee wellbeing, reskilling, and providing better opportunities to acquire and retain talent. Though attrition remained elevated, companies …

Risks rise for IT sector amid weak macros, warns Kotak Institutional Equities
2 years, 9 months ago

Risks rise for IT sector amid weak macros, warns Kotak Institutional Equities

Live Mint  

Despite a strong demand outlook by IT services providers, the worsening global macroeconomic scenario raises concern of a recession. Striking a note of caution, analysts at Kotak Institutional Equities said, "Profit warning from clients of IT companies and increasing external risks makes the assumption of 6-8% global IT spending growth, unreasonable. In a report dated 14 June, Kotak analysts added …

JPMorgan downgrades Indian IT sector but bullish on these 4 IT stocks
2 years, 9 months ago

JPMorgan downgrades Indian IT sector but bullish on these 4 IT stocks

Live Mint  

Since analysts at JPMorgan downgraded its Indian IT sector stance to underweight on 18 May, 2022, India IT performance has been volatile. Even as the global brokerage has remained underweight on the IT sector, it is overweight on only four Indian IT stocks which are Infosys, Mphasis, Tech Mahindra, Persistent Systems. Lastly, our analysis of management commentary this earnings season …

Why investors in IT stocks remain on the edge
2 years, 9 months ago

Why investors in IT stocks remain on the edge

Live Mint  

Indian technology giant Infosys Ltd has dismissed concerns about a slowdown, and is optimistic on the demand outlook. In fact, the March quarter earnings for calendar year 2022 of companies such as EPAM Systems, Inc., Globant, Endava Plc and Capgemini have surpassed consensus expectations on revenue growth, said analysts at JM Financial Institutional Securities Ltd. “In addition to the strong …

IT stocks in bear grip: Is it good time to buy tech stocks for higher return - Experts speak
2 years, 10 months ago

IT stocks in bear grip: Is it good time to buy tech stocks for higher return - Experts speak

India TV News  

IT Stocks To Buy, IT Stocks NSE, Recession 2022 News: The Indian IT stocks are reeling under extreme pressure due to volatility amid weak global cues. Another important reason for the decline in value of the IT stocks is the possibility that the United States and European markets might head into a recession due to soaring energy prices and prospects …

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound
4 years, 2 months ago

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound

News 18  

With TCS piping Accenture to become the most valuable IT company in the world, India’s IT sector has successfully negated the naysayers. Now, according to according to professional recruitment services firm Michael Page India’s ‘Talent Trends 2021 Report’, 53 per cent of companies say they are planning to increase their headcounts in 2021. According to the report, India projects an …

TCS crosses ₹11 trln in market capitalisation
4 years, 3 months ago

TCS crosses ₹11 trln in market capitalisation

Live Mint  

Tata Consultancy Services Ltd's market capitalisation surged past ₹11 trillion on Monday, making it the second Indian firm after Reliance Industries Ltd to achieve this milestone. Shares of TCS jumped nearly 1.2% intraday to hit an all-time high of ₹2942 a piece on the BSE with a market capitalisation of ₹11.03 trillion. Mukesh Ambani-led Reliance Industries Ltd remains India's most …

Mid cap stocks to outshine in 2021, say analysts. Here are the top picks
4 years, 3 months ago

Mid cap stocks to outshine in 2021, say analysts. Here are the top picks

Live Mint  

The Nifty witnessed a V-shaped recovery post a 40% correction, on the back of a host of positive news flow. ICICI Securities' top mid cap picks for 2021 The brokerage's best mid cap picks for next year includes-- Infosys, United Spirits, Bharat Electronics, Relaxo Footwears, Dr Lal PathLabs, Timken India and Can Fin Homes. Digital acceleration, large deal wins vendor …

Stocks of IT companies are on cloud nine after Accenture’s strong results
4 years, 3 months ago

Stocks of IT companies are on cloud nine after Accenture’s strong results

Live Mint  

Shares of software services firms Tata Consultancy Services Ltd and Infosys Ltd hit a new 52-week high on Friday after Accenture Plc announced better-than-expected results for its first quarter. Analysts say that large Indian IT firms tend to mirror Accenture’s performance with some lag, and with other channel checks suggesting strong IT demand, the outlook for India-based companies remains strong. …

Safe havens TCS, Infosys leave Accenture far behind on valuations
4 years, 5 months ago

Safe havens TCS, Infosys leave Accenture far behind on valuations

Live Mint  

The Nifty IT index has risen 37% this year, outperforming the Nifty 500 index by about 42%. The firm’s revenues are double the size of India’s largest IT services firm, Tata Consultancy Services Ltd. And its share of revenues from digital, cloud and security services are now as high as 70% of revenues, far higher compared to its Indian peers. …

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT
4 years, 6 months ago

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT

Business Standard  

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected Premium According to Motilal Oswal Securities, Accenture’s management has hinted at a robust deal pipeline, which is quite encouraging for Indian IT companies. Sai …

IT cos to shed 5-10% of mid-level workforce: ex-CFO of Infosys
5 years, 4 months ago

IT cos to shed 5-10% of mid-level workforce: ex-CFO of Infosys

Live Mint  

Information technology companies in the country have no choice but to lay off at least five to ten per cent of their middle-level staff to ward off margin pressure and become more agile, IT industry veteran V Balakrishnan said on Thursday. The former Chief Financial Officer of software giant Infosys Ltd said the companies have no choice because they all …

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