IT Stocks News


Cognizant, Infosys, Wipro see fall in real estate space in a year

Hybrid work is reducing the need to maintain sprawling offices. At the same time, workforce has declined at top technology services companies too.

4 min read19 Jun 2024

What does Fed’s indication of single rate cut mean for Indian IT stocks?

Indian IT companies, heavily reliant on US revenues, are sensitive to Fed’s rate cut signals.

2 min read13 Jun 2024

IT stocks: Sector rotation, demand recovery hopes may support; Infosys, Wipro, Cyient among Emkay Global’s top picks

IT stocks gained on the back of portfolio shift after the election outcome, increased hopes of interest rate cut by the US Federal Reserve, particularly after the rate cut announcements by Bank of Canada and European Central Bank (ECB) and relative valuation, analysts said.

3 min read10 Jun 2024

IT Sector: Between midcaps and largecaps, what should you pick? Here’s what experts suggest

Mid-cap IT stocks like Coforge and LTIMindtree have been the biggest losers in 2024 YTD, with other mid-cap IT stocks also experiencing significant declines.

5 min read14 May 2024

Telcos hanging up on tech spending will hurt IT firms

After a 3% decline in annual telecom revenue in FY24, India’s top five IT services firms, which earn a tenth of their net revenue from telecom clients, could see revenue from this sector drop another 5% in FY25.

4 min read9 May 2024

The cloud is building; will TCS, Infosys, Wipro get showers of joy?

Microsoft Azure, AWS and Google Cloud clocked record new business in the March quarter, a promising turn for India’s IT services firms that help move technology work from standalone data centres to those owned by cloud computing firms

4 min read8 May 2024

IT sector recovery hopes pushed back to FY26; stock valuations attractive after recent correction, says Kotak Equities

The recent corrections in the IT stocks have made valuations more palatable and further correction can make some mid-tier IT stocks more interesting, analysts at Kotak Institutional Equities said.

2 min read6 May 2024

Wipro, Infosys March quarter results paint gloomy outlook for FY25

The glaring gap between deal wins and actual revenue growth highlights a persistent issue with slow deal conversions

3 min read22 Apr 2024

Mint Primer | Let the good times roll: IT services eye a better future

Worldwide IT spending on software, services, data centre systems, devices etc is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to analyst firm Gartner

2 min read22 Apr 2024

Infosys projects bleak market to continue this year with paltry growth guidance

Infosys Q4 results: Net profit rises 30% to ₹7,969 crore, revenue up by 1.2%

3 min read18 Apr 2024
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