IT Sector News

Markets

US Election 2024 | Second term for Trump likely to have limited negative impact on Indian IT sector: Report

US Election 2024: Donald Trump’s presidency would have a limited negative impact on Indian IT firms, while a potential Kamala Harris administration would largely maintain the current policies, said brokerage firm JM Financial.

2 min read5 Nov 2024
Companies

Higher revenue forecast and employees signal growth for Indian IT’s top five

Major Indian IT companies are optimistic about FY25 revenue growth, with increased hiring and revised forecasts. However, Q3 may present challenges due to seasonal factors and rising wage costs impacting margins.

6 min read21 Oct 2024
Companies

IT Sector Q2 Results Preview: TCS, Infosys likely to lead revenue growth, margins to remain mixed

IT Sector Q2 Results Preview: For Tier-I companies, revenue growth is expected to range from flat to +3.0% quarter-on-quarter (QoQ) in Constant Currency (CC) terms. Meanwhile, Tier-II companies are projected to experience revenue growth between flat to +4.5% QoQ CC.

3 min read1 Oct 2024
Markets

Sectoral shifts in Indian markets: Industrials, metals lead, financials expected to rebound, says Phillip Capital

Phillip Capital reported a shift in Indian equity sectors, with industrials and metals gaining post-Covid-19. Financials have retreated, but a recovery is anticipated. The report forecasts growth in staples and IT sectors, maintaining a positive long-term outlook on Indian equities.

5 min read26 Sep 2024
Markets

Markets near record high! Experts suggest key sectors to watch in this bull run: Prefer IT and banks

Sensex and Nifty hit new highs on September 24, with experts advising caution due to potential corrections. Investors are encouraged to focus on resilient sectors like banking and IT, which offer growth potential and attractive valuations amid current market dynamics.

3 min read25 Sep 2024
Companies

Indian IT sector’s much-awaited moment has arrived: the US Fed rate cut

Companies in the Indian IT services sector’s largest market will now be able to borrow capital at lower rates to fund technology projects that they had put on ice. But this may not happen immediately

3 min read19 Sep 2024
Markets

JM Financial explains how US Fed’s 50 bps rate cut will impact the IT sector

The US Federal Reserve’s 50 basis points rate cut is expected to have a gradual impact on the IT sector, with companies like Tech Mahindra positioned to benefit from reduced interest burdens. JM Financial cautions against immediate spending boosts due to ongoing economic uncertainties.

4 min read19 Sep 2024
Technology

Cybersecurity investments ripe for take off in India: Bessemer’s Vishal Gupta

The segment has been “fertile” for Bessemer globally, where the venture capital firm has made over 30 investments.

3 min read15 Sep 2024
Markets

Mid-cap IT stock surge: Persistent Systems share price hits 52-week high. Here’s why

Mid-cap IT stock surges: Persistent Systems’ share price surged to a 52-week high on September 11 following the announcement of its acquisition of SoHo Dragon Inc. The $4.7 million ( ₹39 crore) deal is expected to boost the company’s revenue and strengthen its position in the BFSI sector.

1 min read11 Sep 2024
Markets

IT Services sector poised for recovery: MOSL report highlights key drivers and top stock picks

A report by MOSL indicates the IT services sector may recover soon, with HCL Technologies, LTIMindtree, and Persistent Systems leading. Key recovery factors include U.S. interest rates and work division, with healthcare, manufacturing, and BFSI expected to drive growth as spending resurges.

4 min read10 Sep 2024
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