Page 2 - It Companies

Accenture Q2FY22 results and what it means for the Indian IT sector

Accenture's order wins, downward revision in Ebit margin, and the evolving Russia-Ukraine conflict need to be closely watched, said analysts

Coforge's promoter sells 10% stake in IT firm for Rs 2,560 crore

According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh shares, aggregating to 9.85 per cent stake in the company

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

Info Edge acquires 76% stake in online dating firm Aisle for Rs 91 crore

Aisle had a turnover of Rs 7.56 crore in 2020-21, the filing said

HCL Technologies, IBM collaborate for telecom network solution

This CoE will help CSPs (communication service providers) modernise their network infrastructure, transform service delivery and simplify operations

Indian IT players to hire 360,000 freshers for FY22: Unearthinsight study

In order to retain talent, companies announced several measures like salary hikes, stock options, promotions, long-term incentives, higher skill increments, and upskilling/reskilling training

Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom

The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million.

Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22

Nasscom, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year.

Gujarat eyes 8-fold rise in exports to Rs 25k cr with new IT policy

Aimed at promoting new SMEs, along with a few big projects, the policy looks to grow the current exports of roughly Rs 3,100 cr to Rs 25,000 cr in next five years

Q3 report card: Mid-cap IT services companies outdo large peers

These players also have managed the supply-side constraints

Global IT spending to reach $4.5 trillion in 2022, says Gartner report

With an increase of 5.1 per cent from 2021, the global IT spending is projected to reach $4.5 trillion this year, a new report has said.

Goyal assures full support to IT firms in pushing growth, exports to $1 trn

Commerce and Industry Minister Piyush Goyal assured full government support to leaders of top IT companies in pushing the growth of the sector and taking services exports to $1 trn in a decade.

Street signs: IT results to drive Nifty, HNIs move to hybrid funds & more

The market direction in the coming week will be dictated by the Q3 results of domestic IT companies as well as release of macroeconomic data, analysts said

83% jump in hirings: FY22 could be IT's best ever, shows data

Big 5 will collectively induct at least 160,000 employees

Infosys to HCL Tech, IT firms to see strong Q3 despite seasonal quirks

Broad-based demand for digital, higher discretionary spends to help firms

Technology funds come bearing gifts: Give one-year returns of 63%

Covid-19 has accelerated the growth of IT companies with rise in demand for digitisation

Indian cybersecurity industry hits $9.8 bn in revenue: Nasscom

The Indian cybersecurity industry is also expanding its global footprint, with a presence in the US, Canada, the UK, France, Australia, Singapore, and the UAE

IT services companies' index weighting reaches record high of 18.8%

Combined m-cap of IT firms on Nifty50 up 33.3% in 2021 YTD

Omicron is not derailing back to office plans of Indian IT companies

With initial fears about the new Covid-19 variant waning, Indian IT companies don't seem to be going back on their back-to-office plan. Let's take a peek into their roadmap to reopening offices

Q3 recovery, decent valuations to support HCL Tech's stock

The stock has been underperforming peers over the past couple of months