Page 5 - It Sector

Cognizant learns an HR lesson as people shortage impacts business momentum

A challenging strategy to accelerate growth has ironically dragged the former IT racehorse into bigger troubles over people management

Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC

The IT and Business Services market in the country recorded a lower year-on-year growth of 5.41 per cent to $13.41 billion in 2020 due to the impact of the Covid-19 pandemic on organisations

At 21%, Cognizant sees highest IT attrition in January-March quarter

In the previous quarter, the company's attrition rate was lower at 19 per cent, though the level was 22 per cent in the January-March 2020

Coforge advances 10% on healthy March quarter performance

The company is planning for an organic growth of at least 17% in constant currency terms during FY22 and an expansion of EBITDA margin from 18% in FY21 to 19% in FY22

Algo Rhythm: Data Centres are the new global infrastructure

The Data Centre information technology (IT) power capacity in India is expected to reach about 800 Mw during 2021-2024

Google tax: American IT and steel lobbies back action against India

The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax

India will be a growth engine for us globally, says SAP's Scott Russell

Russel says in an interview with Shivani Shinde that looking at the Q1 results, last year's bold pivot and the strategy that the company took was right

Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020

Subex surges 32% in 2 days ahead of new product launch

The company will be launching the new AI automation platform on Thursday, April 22, 2021 and specific details of the same will be unveiled on the launch day

Hit by 12% attrition in Q4FY21, Wipro readies arsenal to retain talent

7% pay hike w.e.f. Jan 1 for 80% staff, rest to get one in June, first round of promotions done in Dec 2020, next to begin this June

Revenue miss, yet brokerages bullish on Infosys post Q4 numbers; here's why

Despite the miss on sequential revenue growth, analysts remain bullish on Infosys as they believe underlying metrics should continue to aid the company's growth leadership in FY22

Infosys Q4 PAT rises 17% YoY to Rs 5,076 cr; announces Rs 9,200 cr buyback

The company board also recommended a final dividend of Rs 15 per share for FY21

TCS reports 15% rise in Q4 net at Rs 9,246 cr; declares dividend of Rs 15

'We are making good progress in gaining share in the growth and transformation opportunity,' says CEO Rajesh Gopinathan

TCS posts strong Q4 results helped by $9.2-bn order book; revenue rises 4%

The company also announced a final dividend of Rs 15 per equity share of Re 1 face value

Infosys gains 3%, hits new high as board to consider buyback of shares

The buyback could be worth Rs 10,000 - 12000 crore (around 2 per cent of market cap) at a price of Rs 1650- 1670 per share, a media report said

Will TCS maintain lead over IT peers? Here's what to expect from its Q4 nos

TCS Q4 Preview: Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter

Key factors that led to a market crash on Monday

The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water

Indian tech services can touch revenues of $300-350 bn in next 5 years

According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade

Up 1,262% in a year, this IT stock has now scaled fresh record high

Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.

Cognizant launches program for techies looking to restart careers

Cognizant Returnship Program: It is focused on providing returners with a supportive environment and access to training, upskilling, mentorship and other resources