Page 3 - It Sector

Covid reinforced global dependence on Indian IT sector: Kris Gopalakrishnan

Bengaluru Tech Summit 2021 unveiled by Gopalakrishnan, Biocon's Kiran Mazumdar Shaw, to be held during November 17-19

Zoho business operating system user base grows 60% globally, 104% in India

Introduces six apps, three services and seven major platform enhancements on its operating system for business

L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Despite strong Q2 numbers, large deals become scarce for IT majors

The firms' total contract values have declined

Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

Work from home culture has gained acceptance, says CEO of Kerala IT parks

The culture of WFH has gained acceptance in the IT sector and has a positive impact on society by including more new mothers, according to John M Thomas, the CEO of IT parks in Kerala.

HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed

Most analysts eye a double-digit revenue growth for HCL Technologies between 12 and 13 per cent year-on-year for the second quarter of the financial year 2021-22

This smallcap IT company's stock has surged 118% in 18 days; here's why

In the past six months, the stock price of Brightcom Group has zoomed 1006 per cent, as compared to a 20.5 per cent rise in the S&P BSE Sensex

TCS Q2 preview: Analysts see up to 33 % PAT growth; deal wins eyed

Global brokerage HSBC eyes a 32.8 per cent year-on-year (YoY) and 10.2 per cent quarter-on-quarter (QoQ) rise in the net profit at Rs 9,926.6 crore

Housing sales up 2-fold in Jul-Sep in 7 cities on better demand: Anarock

The seven cities tracked by Anarock are Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

HCL Tech hits new high on 5-year deal with US-based MKS Instruments

HCL Tech announced a five-year digital transformation deal with US-based MKS Instruments, a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes

FPI flows send IT stocks and valuations soaring this year, shows data

Analysts bullish over near-to-medium term

West Bengal govt earmarks 100 acres more for IT hub, says minister

The West Bengal government has earmarked another 100 acres of land for its Silicon Valley Tech Hub, state IT Minister Partha Chatterjee said on Thursday.

Infosys hits new high, trades above share buyback price of Rs 1,750

The stock has outperformed the market by gaining 13 per cent in the past one month

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap

HCL Tech became the fourth Indian information technology (IT) firm to achieve the milestone after Tata Consultancy Services (TCS), Infosys and Wipro

Up to India Inc to take risks now as my govt has ushered bold reforms: PM

The prime minister said the economy was picking up pace with the efforts of industry

Tech Mahindra extends gains post June quarter results; stock hits new high

In the past one month, Tech Mahindra has outperformed the market by surging 25 per cent, as compared to 4.4 per cent rise in the S&P BSE Sensex

Digital deals propel IT revenues; higher salaries to dent profits in FY22

Indian IT services companies are likely to post a 9-12 per cent revenue growth in USD terms in FY22, helped by the strong demand for digital deals, a report said on Tuesday.

R Systems soars 15% as board to consider share buyback proposal

Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price