It Companies

IT companies may shed 30,000-40,000 mid-level staff this year as growth slows down: Mohandas Pai

India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said on Monday

IT firms likely to face volatility in banking, financial services space in near term: Kotak report

The banking and financial services space for IT firms is expected to be volatile in the near term, and escalation of trade wars in the past weeks combined with Brexit overhang may continue to weaken modest optimism of April 2019, says the latest report by Kotak Institutional Equities

US visa rules to hit IT companies' profits, margins in current fiscal: Crisil report

Profitability of IT companies is set to be impacted by adverse policies like the one on H1-B visas in the key US market, with margins estimated to narrow by up to 0.80 percent in 2019-20, a report said on Monday

IT companies shares tumble after Cognizant cuts 2019 growth outlook; TCS falls 3.7%

Shares of IT companies tumbled up to 3.7 percent on Friday after Cognizant reported over 15 percent drop in net income for the quarter ended March, and slashed its full-year revenue growth outlook

Wipro Ventures invests in 18 early and mid-stage startups since inception in 2015

The $100 million Wipro Ventures is the strategic investment arm of Wipro

Digital transformation making growth momentum stronger for Indian IT companies: Expert

Former President of the industry body NASSCOM noted that many big IT companies in India are reporting a very strong deal pipeline and, so, the growth momentum can be expected to continue

Indian IT services companies expected to grow at 9-12% CAGR during FY18-21 on high competitive intensity: ICRA

The credit profile of Indian IT services companies remains stable, underpinned by the ability to sustain free cash flows despite pressure on revenue growth and margins

HCL Technologies to acquire select IBM software products for $1.8 billion in an all-cash deal

HCL Tech Chief Financial Officer Prateek Aggarwal said that the deal also entails transfer of IBM employees, but did not divulge any numbers.

'Donald Trump adminstration's policies on H-1B visas creating uncertainties among small IT firms in US'

The denial rate of H-1B visas is 40-plus percent currently and as a result, many have been forced to leave the US

IT companies' share buybacks hamper their future business investment: Moody's

Moody's said Tata Consultancy Services (TCS) and Infosys, the top two software exporters, can be an exception to it