HCL PHIL FERSHT

Indian IT companies’ reliance on H-1B visas has fallen over the years as they have ramped up local hiring in the US. High denial rates during the Trump administration along with tightening of the immigration regime have also decreased visa usage, ex...

Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in tech stocks? The answer lies in FY25, on which everyone is pinning their hopes, decode Beena Parmar and Romita...

The $245-billion Indian IT industry is seeing an unprecedented churn in senior leadership at a time when it grapples with subdued global demand and macro instability in its main markets

Banking, financial services and insurance (BFSI) clients account for nearly 30% of Indian IT's $227 billion overall revenue (in FY22), forming its largest vertical.

Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growt...

Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growt...

Big Tech firms including Microsoft, Google and Meta are slowing down on hiring plans, while clients are holding back on smaller contracts to IT service providers, they added.

Experts are of the view that its impact is being felt more keenly by mid- and senior-level employees as companies are aware of zooming attrition at the entry and junior levels.

Information technology service providers are facing the best demand environment in a decade, soaring revenue and all time high deal wins and yet their margins are playing spoilsport. Disruptors like inflation and massive employee costs upset their o...

The Internet and Mobile Association of India has decided to shut down the Blockchain and Crypto Assets Council, whose members included top exchanges such as WazirX and CoinDCX

Cos have reduced fresh hiring by more than half in Q1 as demand starts to level off. Terming this downtrend as normalisation of talent acquisition rather than a slowdown in hiring, analysts and company executives pointed out that demand for skilled ...

IT services companies are ramping up their M&A play, driven by a desire to add new capabilities and boost access to skilled talent. Analysts say this is just the tip of the iceberg.

Attrition has turned into the biggest challenge for the $200 bn software services industry, significantly pulling at margins as well as stock prices of IT leaders.

Globally, Accenture leads the BFSI solution space followed closely by TCS and Infosys, say analysts, although IBM spin-off Kyndryl and midcap Indian IT service providers are likely to be close contenders in this space.

By 2025, over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. In 2022, global cloud revenue is estimated to total $474 billion, up from $408 billion in 2021.

Top Indian IT companies are expected to post double-digit growth rates amid high demand for their services globally, but several factors — including a talent crunch and margin pressure — may force them to look at the rear-view mirror more closely.

Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estim...

Assessing utilisation levels is a significant part of the financial review process as these numbers indicate the workforce efficiency of the company.

TCS, Infosys & Wipro are already under pressure to regain growth momentum by funneling efforts into emerging growth areas such as automation.