Page 4 - It Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector's challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing advice. Kaul says that given the surging monthly GST collections, we believe the earnings season will end on a positive note with no major hiccups.

Sneha Poddar believes that our economy is undergoing a mini-Goldilocks moment as a result of strong macroeconomic conditions, healthy corporate earnings, peaking of interest rates and current policy momentum.

Most employees are being skilled in aspects beyond building core technologies - those that are more geared to embedding and integrating AI to improve daily tasks and productivity.

The suspension of the green card application process could make it more difficult for overseas candidates, particularly in the tech industry, to reside in the US for work. Both companies have halted the PERM applications until next year.

During the quarter under review ending March, Cognizant’s net profit declined by around 5.9% to $546 million YoY, from $580 million in Q1 of FY23.