Page 7 - Indian It Firms

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Nasscom welcomes H1B, L1 visa relaxations; remains 'cautiously optimistic'

"We believe this is a step in the right direction and encourages the implementing agencies to ensure that US businesses' access to critical talent is not hampered," Nasscom said

KPIT Technologies net profit dips 22% to Rs 24 crore in June quarter

It had posted a net profit of Rs 31 crore in the corresponding period a year ago, according to a BSE filing by the company.

Greater localisation, offshoring to cut visa hike impact for Indian IT cos

Experts say the visa price hike impact will be minimal as IT firms are already sitting on comfortable margins due to absence of travel and reduction of other discretionary costs

Bulk of 5G-centric spends to be pushed: TechM's CP Gurnani, Manoj Bhat

"Huawei continues to remain our customer. But they are going through their own cycle, in terms of the US (sanctions) and Covid-19 impact," said TechM's CFO Manoj Bhat

Tech Mahindra beats Street estimates, pre-tax profit up 33% to Rs 1,283 cr

Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs

Tech Mahindra Q1 net profit up 1.4% at Rs 972.3 cr, revenue rises 5.2%

The consolidated revenue stood at Rs 9,106 crore in the quarter under review, up 5.2 per cent from Rs 8,653 crore in the year-ago period

Covid-19 impact: IT bigwigs likely to speed up client staff absorption

Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.

Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

Infosys signs pact with Germany's LANXESS for ultra-modern workplace

The workforce of LANXESS would be supported by a multilingual artificial intelligence-powered service desk operating from Europe and India, Infosys said

End of an era at HCL Tech: Nadar challenged global giants at their own game

He was the last founder chairman in the Indian IT services industry to step down.

Location-independent delivery model is silver lining: HCL Tech CEO

Chief Executive C VIJAYKUMAR talks to Sai Ishwar on the company's cost optimisation plans, impact of H-1B visa row, and mergers and acquisition plans

Shiv Nadar steps down as HCL Tech chairman, daughter Roshni takes over

Daughter Roshni Nadar Malhotra succeeds him to the top job

HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr

In the quarter ended Q1FY21, the company on Friday reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year on year (YoY), while it remained flat on a sequential basis.

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

Vanguard inks partnership with Infosys, to transfer 1,300 employees

All Vanguard staff currently performing relevant roles will be offered comparable positions at Infosys in close proximity to Vanguard's offices in Malvern, Charlotte, and Scottsdale

Mindtree PBT more than doubles in Q1; revenues up 4.1% to Rs 1,908.8 cr

Revenue of the firm grew 4.1 per cent year-on-year to Rs 1,908.8 crore during this period though it declined 6.9 per cent sequentially

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr

IT firm's margin expands despite revenue fall in Q1

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr

IT major says pandemic impact may have bottomed out