Mid-sized It Firms
IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'
The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.
 "IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'")
'Mid-size IT firms outperform after CEO change more often than large firms'
Our analysis of 13 CEO changes over the past decade shows that midsized IT firms outperform on growth/profitability after a CEO change more often than large IT firms, it added
 "'Mid-size IT firms outperform after CEO change more often than large firms'")
KPIT Technologies Q4FY23 net profit up 41.5% on recent mega deal wins
The total Contract Value of new deals won during Q4 FY23 stands at $423 million
 "KPIT Technologies Q4FY23 net profit up 41.5% on recent mega deal wins")
Mid-sized IT services companies get Cloud, cost-efficiency boost
In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics
 "Mid-sized IT services companies get Cloud, cost-efficiency boost")
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.
 "L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%")
IT firms form teams to chase revenue streams emerging from Covid-19 crisis
Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.
Mid-sized IT firms join larger peers in recruitment drive, step up hiring
More than half the entire hiring in FY18 done only in a single quarter of FY19
 "Mid-sized IT firms join larger peers in recruitment drive, step up hiring")
