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Information technology

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

Thu, Jan 04, 2024

JP Morgan's report on ITSector, expecting recovery in the sector, upgraded some stocks, upgraded Infosys and LTTS to Overweight rating, know complete details in this video

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

Thu, Dec 14, 2023

IT companies boom in 2024! IT budget is going to increase in the new year, growth triggers for IT companies, #ITIndex at 20 month high, change in guidance of IT companies also possible

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Thu, Oct 05, 2023

Global brokerages bullish on T companies. Why did trust in IT companies increase? Top pick in IT of Global Brokerages? See complete details in this video

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Wipro Q4: Most analysts bet on muted numbers

Wipro Q4: Most analysts bet on muted numbers

Mon, Apr 24, 2017

Analysts at KR Choksey said, "We expect Wipro to record a USD revenue of $1944 million, up 2.2% qoq and mainly aided by consolidation of Appririo acquisition. Expect Wipro to report an EBIT margin of 16.3%, down 66 basis point on quarter-on-quarter (QoQ) led by consolidation of acquisition and INR appreciation against USD, EURO and GBP."

Digital payments in India reverse trend, grow in March

Digital payments in India reverse trend, grow in March

Wed, Apr 19, 2017

Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."

TCS unperturbed by possible changes to H1-B visa regime: CEO

TCS unperturbed by possible changes to H1-B visa regime: CEO

Tue, Apr 18, 2017

"Some of these engagements actually help get that message out also. People will understand us better for who we are, and I think engagement, communication and collaboration is the best way to deal with the political lack of understanding which comes. Democracy ought to deal with the emotional response that you see and you have to get over it and engage positively," Gopinathan said.

Trump to sign executive order on reform of H-1B visa system

Trump to sign executive order on reform of H-1B visa system

Tue, Apr 18, 2017

Trump is scheduled to travel to Milwaukee, Wisconsin, the home state of House of Representatives Speaker Paul Ryan, to sign the 'Buy American, Hire American' Executive Order.

Snap stock falls as alleged CEO comments rile some on social media

Snap stock falls as alleged CEO comments rile some on social media

Tue, Apr 18, 2017

The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years.

Infosys hints for buyback of shares in near term, here's what you need to know

Infosys hints for buyback of shares in near term, here's what you need to know

Thu, Apr 13, 2017

Motilal Oswal said, “Infosys is the only remaining company among the top-tier that is yet to reward its shareholders with a buyback, dispensing some of the idly-lying cash.”

Here's why TCS, Wipro shares slid after Infosys Q4 result

Here's why TCS, Wipro shares slid after Infosys Q4 result

Thu, Apr 13, 2017

Vishal Sikka's Infosys announced its fourth quarter ended March 31, 2017 result on Thursday.

Infosys Q4 net profit at Rs 3603 crore; dollar revenue guidance 6.5% - 8.5% in FY18

Infosys Q4 net profit at Rs 3603 crore; dollar revenue guidance 6.5% - 8.5% in FY18

Thu, Apr 13, 2017

Infosys sees revenue to grow 6.5% - 8.5% in constant currency and operating margin at 23-25% for the financial year 2017-18.

More people left Infosys in FY17; attrition rate at 19%

More people left Infosys in FY17; attrition rate at 19%

Thu, Apr 13, 2017

Infosys attrition rate increased year-on-year (YoY) as a total of 37,915 people left the company in FY17 as compared to the year before. Consolidated attrition rate from the company was at 19.2% for the year ended March 2017 as against 18.7% for the year ended March 2016.

Infosys justifies COO pay hike, says effective rise only 1.4%

Infosys justifies COO pay hike, says effective rise only 1.4%

Mon, Apr 03, 2017

Infosys, in a statement issued today, said it views Murthy's statement as "important feedback" and will continue to work with all stakeholders to ensure long-term interest of the company.

Narayana Murthy's tirade against top management salaries is hurting Infosys shares

Narayana Murthy's tirade against top management salaries is hurting Infosys shares

Mon, Apr 03, 2017

Infosys co-founder and now retired NR Narayana Murthy has once again voiced his displeasured over salaries being paid to top management of the IT major.

Well-positioned to continue leading India market: TCS

Well-positioned to continue leading India market: TCS

Sun, Feb 26, 2017

The company is quite "enthused" by the commentary and discussions on expanding digital infrastructure in the country, Tata Consultancy Services CEO Rajesh Gopinathan said in an interview with PTI.

TCS share buyback will not affect rating: S&P

TCS share buyback will not affect rating: S&P

Wed, Feb 22, 2017

Abhishek Dangra and Ashutosh Sharma, analysts at S&P said, "TCS' operations continue to perform in line with our expectations and support the rating. We believe TCS will maintain its net cash positive financial position, even if its offer for share repurchase were to be fully subscribed."

Verizon, Yahoo agree to lowered $4.48 billion deal

Verizon, Yahoo agree to lowered $4.48 billion deal

Wed, Feb 22, 2017

The deal brings to Verizon Yahoo`s more than 1 billion users and a wealth of data it can use to offer more targeted advertising. Verizon will combine Yahoo`s advertising technology tools as well as its search, email and messenger assets with its AOL unit, purchased for $4.4 billion in 2015.

TCS share buyback: Should Infosys follow suit?

TCS share buyback: Should Infosys follow suit?

Tue, Feb 21, 2017

However, analysts and industry experts have now trained their eyes towards the other IT behemoth -- Infosys Ltd. Should Bengaluru-based bluechip that is currently in a corporate governance storm follow TCS and announce its own share buyback to appease shareholders?

Adopt tech and be agile, else become history: Mundra to banks

Adopt tech and be agile, else become history: Mundra to banks

Tue, Feb 21, 2017

Reserve Bank deputy governor SS Mundra warned that unless traditional banks quickly convert themselves in to a new-age digital banks, they face the risk of becoming history.

Infosys refutes whistleblower's charges on Panaya deal

Infosys refutes whistleblower's charges on Panaya deal

Tue, Feb 21, 2017

"We refute the allegations made in the anonymous whistleblower letter. The assertions are libellous and aimed at tarnishing the company`s image and its management," asserted the IT major in a statement here.

Tata Consultancy Services approves buyback plan; to spend Rs 16,000 crore

Tata Consultancy Services approves buyback plan; to spend Rs 16,000 crore

Mon, Feb 20, 2017

TCS said, "The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanishm in accordance with the provisions contained in Sebi.

Tech Mahindra sees bigger business from Vodafone-Idea merger

Tech Mahindra sees bigger business from Vodafone-Idea merger

Sun, Feb 19, 2017

"It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend.

GST's IT infra firm under scrutiny for tax evasion

GST's IT infra firm under scrutiny for tax evasion

Sat, Feb 18, 2017

"It is a preliminary inquiry to seek clarification. But as a first step, we just send a letter and summon comes only as the second resort. In this case, it looks like the work of an over-enthusiastic assessing officer who has skipped the first step and directly given a summon, which is wrong," the source told IANS.

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