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IT firms: Drop in renewal deals poses revenue challenge for top IT firms

Deal momentum slowed in 2023-24 despite record deals as clients favor new over old deals. Vendor consolidation and slower decision-making ensued, impacting near-term revenues for service providers who must be proactive.

Bengaluru , Karnataka , India , Canada , Lucknow , Uttar-pradesh , Australia , Delhi , United-kingdom , France , Samir-seksaria , Hansa-iyengar

The good, bad and ugly: Decoding the IT pack's Q4 show

As the original sunrise sector of post-liberalization India, the IT industry has been the crowning jewel of the domestic economy for decades. A job in the IT sector has been, often literally, the passport to a better life for millions of young graduates. Is this paradigm changing?

Bengaluru , Karnataka , India , United-states , America , Motilal-oswal , Mohit-khanna , Chirag-kachhadiya , Jerome-powell , Mohit-joshi , Jayesh-sanghrajka , Thierry-delaporte

Can electric cars electrify muted IT firms in a dull year?

Automotive clients account for up to 35% of IT services' manufacturing clients.India's top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, IT's reliance on automotive revenue is now rising

India , Germany , German , Apurva-prasad , Paribas-rakesh , Tata-technologie , Kumar-rakesh , Jp-morgan-chase-co , Infosys , Lloyds-bank , Infosys-ltd , Tata-consultancy-services-ltd

Beyond the FY24 downturn: Indian IT's roadmap for future growth

Having navigated a tough FY24, India’s leading IT firms are aiming for a comeback. Key areas to watch include strategic shifts, new technology investments, and market expansions as they aim to foster significant growth in FY25

India , Infosys , Gartner , Wipro , Mint-primer , Infosys-march , It-industry , It-firms , Tcs , It-firms-margins , Fy24-downturn-for-it-industry

IT hiring: Tech jobs dwindle with India's top IT firms cutting workforce by 64,000

With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with a remote probability of a 0.5% increase, the picture for the current fiscal year is similarly dismal. For recent engineering graduates looking for work in the field, these developments are concerning.

India , Jayesh-sanghrajka , Phil-fersht , Peter-bendor-samuel , Saurabh-govil , Infosys , Everest-group , Wipro , Hfs-research , It-hiring , Tcs , Tech-jobs

Senior-level IT hiring rebounds; China's BBK group resets India sales strategy

Indian IT companies are back headhunting for senior roles. This and more in todays ETtech Top 5.

New-delhi , Delhi , India , Xiaomi , Fujian , China , California , United-states , United-kingdom , Taiwan , The-indian , South-korea

Muted revenue growth prompts large US banks to slow down IT spending

Technology spending in the banking, financial services and insurance sector is expected to bounce back as monetary policy begins to loosen globally, but unless client budgets increase significantly, the risk of revenue-growth disappointments remains.

India , Infosys-ltd , Tata-consultancy-services-ltd , Consultancy-services-ltd , Institutional-securities , It-companies , It-services-companies , Large-us-banks , Bfsi-sector , Bfsi-vertical , Tcs

Tech workers had a gloomy year; will things get better?

Last week, Nasscom said that the country’s technology industry is expected to grow 3.8%, the slowest full-year growth, to $253.9 billion in the year ending March.

Ukraine , India , Bengaluru , Karnataka , Guruprasad-srinivasan , Sunil-chemmankotil , Naukri-oberoi , Hitesh-oberoi , Ashok-reddy , Technologies-ltd , Teamlease-ltd , Wipro

What lies ahead for Nifty IT in a shifting landscape?

Indian IT sector has shown signs of recovery with robust Q3 numbers despite challenges from US macroeconomic conditions. Deal momentum and enthusiasm surrounding Generative AI suggest potential for future advancements. Nifty IT Sector historically outperforms with stronger performance in the latter half of each year. Correlation between Nifty IT index and Nasdaq 100 index reveals convergence.

India , Red-sea , Djibouti-general- , Djibouti , Nasdaq , Relative-strength-index , Foreign-portfolio-investors , Trading , Price-to-earnings , Nifty-it , Premium

IT brand value: Accenture, TCS, Infosys rise in brand value among IT firms, Wipro dips

Accenture, TCS, and Infosys continue to boost their brand value according to the Brand Finance 2024 report. Accenture remains the most valuable IT services brand, while TCS shows outstanding growth and strategic excellence. However, Wipro faces an erosion in brand value.

Delhi , India , Lorenzo-coruzzi , David-haigh , Salil-parekh , Accenture , Wipro , Certificate-programme-in-data-science-machine , Tata-consultancy-services , Offering-college , Indian-school-of-business , Infosys