Infosys saw $1.57-billion large deal wins across 14 clients with 30% net new TCV
Turnaround time for IT sector
TCS, the largest, attributed differentiated capabilities for its $4.9-bn deal TCV, of which $1.5 bn came from banking, financial services and insurance (BFSI) and $0.7 bn from retail
Startups will contribute substantially to the IT employment in India as the industry has an ever growing set of startups
India will become the third-largest construction market globally by 2022 and the real estate sector is estimated to grow to $650 bn by 2025 and surpass $850 bn by 2028, to touch $1 trn by 2030
Positives already priced in despite triggers like US deal wins, rupee fall
TCS uses its 'Ion' platform as the backbone for its re-skilling services
IT giants derive more than 70 per cent of their revenues from the legacy business by offering application development, maintenance and testing services to global clients
Within the BFSI segment, TCS witnessed strong traction in areas, including wealth management and compliance services, in the past quarter
Key things to monitor for the street from the Q1 results is likely to be the share of digital
This is significant as the state, facing a decline since 2014-15, had reported a modest three per cent IT-ITeS export growth rate last year
The latest round of outperformance of IT stocks comes after lackluster returns between 2014 and 2017 amid slowdown in revenue growth
Though analysts remain bullish on the sector, they caution against the sharp rally seen thus far in CY18
Chandrashekhar said outlook for the current calendar year is 'cautiously positive'
Though the sector faces risks from automation and a slower pace of market share gains from global vendors, a cyclical rally could be in the offing
Expectations for Dec quarter remain muted but March onwards looks better
No request for forming union under IT Act in Karnataka, he says
IT exporters are also likely to gain from a recovery in global growth
IT services industry foresees a shift in business towards digital and services delivery
IT sector is the largest job provider in corporate India with 22.7% of the employment pie