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Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies

Shares of Indian information technology (IT) companies were off to a firm start in Friday s trade, drawing strength from an excellent set of numbers reported by the global behemoth in the consulting and IT services Accenture.
While the Nifty IT index was trading over half a per cent higher in early deals, most stocks, barring Wipro, gained up to 2 per cent. Shares of TCS, Infosys, Tech Mahindra, Mindtree and Coforge even logged fresh 52-week highs.
Accenture on Thursday report better-than-expected third-quarter numbers with 16 per cent year-on-year (YoY) growth in revenue. The company also raised its fiscal 2021 (company follows January to December financial calendar) growth guidance to 10-11 per cent. This is up from the 6.5 per cent and 8.5 per cent it had guided in the last quarter. ....

Kawaljeet Saluja , Manik Taneja , Motilal Oswal , Rashit Parikh , Indian It Services , Motilal Oswal Financial Services , Analysts At Edelweiss Research , Tech Mahindra , Indian Tier , Edelweiss Research , Institutional Equities , மணிக் தனேஜா , மோட்டிலால் ஒசுவள் , இந்தியன் அது சேவைகள் , மோட்டிலால் ஒசுவள் நிதி சேவைகள் , ஆய்வாளர்கள் இல் ஏதெல்வேஸ்ஸ் ஆராய்ச்சி , தொழில்நுட்பம் மஹிந்திரா , இந்தியன் அடுக்கு , ஏதெல்வேஸ்ஸ் ஆராய்ச்சி , நிறுவன பங்குகள் ,

Welcome To IANS Live - BUSINESS - Indian IT Services market grew 6% in 2020 amid pandemic

Welcome To IANS Live - BUSINESS - Indian IT Services market grew 6% in 2020 amid pandemic
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

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Welcome To IANS Live - SCIENCE - Indian IT Services market grew 6% in 2020 amid pandemic

Welcome To IANS Live - SCIENCE - Indian IT Services market grew 6% in 2020 amid pandemic
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

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Deep resilience in Indian IT companies

The country’s ‘STEM talent by far is globally the most competitive’
The Indian IT Services industry occupies a dominant position in the global technology services landscape, providing cost effective and scalable solutions for enterprises across the world, writes Ramesh Mantri, adviser to the Ashoka India Equity Investment Trust.
Over the last 30 years, Indian IT companies have matured from being mere outsourcing vendors to ‘strategic partners’ driving large scale transformation projects in Fortune 500 companies.
India’s IT export is $150bn annually, represents circa 12% of total global IT spend and has grown by 20% CAGR over the last 20 years.
Along the way, the IT Services industry has created tremendous wealth for its stakeholders and its attractiveness is also underpinned by its superior profitability and high returns on capital compared to the broader markets. ....

Ramesh Mantri , Asia Pacific , Indian It Services , It Services , Ashoka India Equity Investment , White Oak , India Stack , ரமேஷ் மந்திரி , ஆசியா பெஸிஃபிக் , இந்தியன் அது சேவைகள் , அது சேவைகள் , அசோகா இந்தியா பங்கு முதலீடு , வெள்ளை ஓக் , இந்தியா அடுக்கு ,

No nation is more important than India as US seeks to counter China, states think tank report

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No nation is more important than India as US seeks to counter China, states think tank report
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No nation is more important than India as US seeks to counter China, states think tank reportPTI
Last Updated: Apr 13, 2021, 10:14 AM IST
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It however cautioned that overreliance on India as an IT services provider could become a strategic problem if major disagreements emerge between the two nations on issues such as intellectual property, data governance, tariffs, taxation, local content requirements or individual privacy.
Agencies
According to David Moschella, a non-resident senior fellow at ITIF and co-author of the report, the same forces that increasingly divide the United States and China are now pushing the US and India closer together. ....

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