Page 12 - It Sector

Accenture earning, record order bookings hint at good time for IT sector

Accenture, which follows a September-August accounting year, has seen record bookings of $12.9 billion in Q4

HCL Technologies has scope for raising growth guidance, say experts

The current revenue growth guidance of 14-16% for FY20 is seen as conservative

Infosys revisits global delivery model to lower dependence on H1B visas

Firm revealed this new strategy in Arizona, where the company opened its sixth tech and innovation centre

Enjoying tax holidays, IT firms won't gain much from the rate cut

The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent

Top 10 biz headlines: Jobs galore for techies, Jet lenders meet and more

From record hiring in IT industry to rising smartphone shipment to India, here are the top business headlines for Monday

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

Cognizant looks to raise sales headcount to spur digital revenue

The move comes at a time when the company is optimising its employee pyramid apart from rationalising its SG&A expenses

HCL Tech posts double-digit revenue growth in Q1; net profit falls 8%

The IT services firm posted 18.4 per cent rise YoY in its revenues at Rs 16,425 crore

Will work to re-energise growth, says new Mindtree CEO Debashis Chatterjee

Chatterjee joins Mindtree from Cognizant, where he was leading the digital systems and technology practice for Teaneck

IT majors meet Piyush Goyal, flag barriers in accessing in China market

The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro

Nasscom takes SME delegation to US to strengthen strategic alliances

Said to be a one-of-its-kind engagements programme, the delegation of small and medium enterprises visited several states in the US

Nasscom asks govt to reconsider clarification on intermediary services

A circular from the Central Board for Indirect Taxes and Customs that was released last week said the services offered by the IT and ITeS sectors at the back end may attract 18% GST

Intellectual property lawsuits pose risk to Indian IT firms' growth

Domestic companies may have to distinctly separate product and services businesses

Price premium concerns continue for IT sector on cramped client spending

The industry has continued to depend on execution levers like expanding margins, with the exception of TCS which made the most of rupee depreciation in FY19

Tipping point: Be wary of technology funds as sector takes a hit

The IT sector as a whole is witnessing headwinds like slowing growth and rising costs

Jobs aplenty in Indian IT sector? Know companies who are hiring the most

Aggregate employee addition by the top three Indian IT services companies jumped close to seven times in FY19

IT's raining jobs: TCS, Infosys, Wipro added 7 times more staff in FY19

Both campus hiring & localisation initiatives remain strong; further uptick on cards

IT firms compete for larger share of global engineering services contracts

According to a HFS Research report released last year, HCL Technologies was at the top spot among domestic IT services players, while it was ranked number four globally in this segment

Nasscom ends annual forecast; to only give guidance for sector from FY20

We are keen on changing the perception that revenue guidance represents, said Rishad Premji, Chairman, Nasscom

IT firms looking at executing projects with a lesser number of employees

Large Indian firms see revenue per employee growing at a steady rate