Page 3 - It Services Industry
Similar P/E for cement & IT 'extraordinary': Kotak Institutional Equities
Brokerage says IT services firms score over cement on key parameters such as return on average capital employed, free cash flow to Ebitda ratio, dividend, and buyback payouts vis-a-vis PAT
 "Similar P/E for cement & IT 'extraordinary': Kotak Institutional Equities")
Salary hikes and bonuses start to come down for Indian IT services sector
FY24 hikes will stay at lower levels than the spike seen in FY22 and 23
 "Salary hikes and bonuses start to come down for Indian IT services sector")
TCS changes its hike structure, does away with anniversary hikes
The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close
 "TCS changes its hike structure, does away with anniversary hikes")
Top headlines: IT services cos' salary costs rise, 5G roll-out to take time
Business Standard brings you the top headlines at this hour
 "Top headlines: IT services cos' salary costs rise, 5G roll-out to take time")
IT industry's 'people' conundrum may delay its revenue growth targets
The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams
 "IT industry's 'people' conundrum may delay its revenue growth targets")
'Have enough headroom to improve margins going ahead,' says Wipro CFO
The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter.
 "'Have enough headroom to improve margins going ahead,' says Wipro CFO")
Wipro's Q1 net profit declines 21% over acquisitions, talent cost
Despite a below-expectation showing, IT major expects double-digit growth in FY23
 "Wipro's Q1 net profit declines 21% over acquisitions, talent cost")
IT analysts in wait-and-watch mode as experts see mild recession in the US
Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23
 "IT analysts in wait-and-watch mode as experts see mild recession in the US")
Attrition continues to hound IT bellwethers 5-6 quarters down the line
Though companies are saying they are managing supply side constraints by hiring more freshers and by subcontracting, exits is clearly impacting margins and profitability
 "Attrition continues to hound IT bellwethers 5-6 quarters down the line")
Nagarro to expand global workforce by 4,500 in coming months
In a statement, the company announced that the size of its workforce has crossed the 15,000 mark
 "Nagarro to expand global workforce by 4,500 in coming months")
We will try to be among top 3 IT services firms: Tech Mahindra's CP Gurnani
"There is definitely a skill war, or a talent war going on," said Gurnani
 "We will try to be among top 3 IT services firms: Tech Mahindra's CP Gurnani")
Not looking at big-bang buys, just small tuck-ins: HCL Tech MD & CEO
C Vijayakumar speaks about the way forward and the demand scenario for HCL Tech's business
 "Not looking at big-bang buys, just small tuck-ins: HCL Tech MD & CEO")
HCL Tech expects strong growth in products, platform biz in Dec quarter
IT services major HCL Technologies on Monday said it continues to be positive about its products and platform business and expects to see strong growth in the segment in the December quarter. In the July-September quarter, HCL Technologies logged a 13.1 per cent year-on-year increase in its services revenue (IT & Business Services and Engineering & R&D Services) in constant currency terms. Its products and platforms revenue, however, declined by 5.5 per cent in the reported period. Speaking to PTI, HCL Technologies CEO and MD C Vijayakumar said there were certain deals that were to close towards the end of the quarter but slipped into the current quarter. "So that's the only reason, it will come back in the next quarter, we continue to be very positive on our Products and Platforms business. The core of the business is intact, and we see a good momentum in this quarter. This is going to be a strong quarter for us," he added. He noted that the services business delivered a .
 "HCL Tech expects strong growth in products, platform biz in Dec quarter")
Exit rush cloud hovers over IT: Top companies see 15-30% attrition rates
This could disrupt demand uptick, say experts
 "Exit rush cloud hovers over IT: Top companies see 15-30% attrition rates")
IT services major Capgemini is driving more value from India unit
For Ashwin Yardi, CEO India, Capgemini, the focus is to make sure that the India unit is aligned with global plans of repositioning company as a hub of engineering R&D, operational technology, and IT
 "IT services major Capgemini is driving more value from India unit")
From L&T Infotech to Tata Elxsi, mid-cap IT stocks lagging large-cap peers
Their m-cap is up 5% this month, against 11% rise in large-cap IT stocks
 "From L&T Infotech to Tata Elxsi, mid-cap IT stocks lagging large-cap peers")
HCL Technologies dips 2% as company reports lower-than-expected Q1 results
The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22
 "HCL Technologies dips 2% as company reports lower-than-expected Q1 results")
Pandemic hastens transformation, demand soars for digital skills
Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills
 "Pandemic hastens transformation, demand soars for digital skills")
 "Best IT certifications for 2021")
Success beyond software and services
India dominates the world market in motorcycles. What will it take to replicate this success in other industries?
 "Success beyond software and services")
