IT Services

Tuesday, Apr 16, 2024 | Last Update : 02:36 PM IST

Award of new contracts could fall by at least 7-9 per cent in 2021, with manufacturing, travel, airlines, hospitality and retail to be the most adversely hit, Icra said.

Technology sector set for 3 per cent revenue dip in FY21: Rating agency Icra

“The sector is expected to grow at -3 per cent - nil in FY21 versus earlier expectation of 6-8 per cent,” the agency said in a report.

13 Jul 2020 8:17 PM

Global IT services company Cognizant will lay off around 7,000 mid-to-senior level employees globally and is exiting the Digital Content Business, which will affect another 6,000 jobs.

Cognizant to lay off around 7,000 staff

The plan will sharpen the company’s strategic focus and simplify the operating model.

01 Nov 2019 1:48 AM

Infosys on Friday posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised revenue growth forecast for the current fiscal to 8.5-10 per cent range. (Photo: File | AFP)

Infosys shares jump over 6 per cent after Q1 results

The Infosys scrip rose by 6.15 per cent to Rs 771.85 on the BSE.

15 Jul 2019 12:41 PM

End-user spending on BPO is on course to reach USD 1.7 billion in 2019, and is forecast to reach USD 1.9 billion in 2020. (Photo: Representational | PTI)

End-user IT spending in India to reach USD 15 bn in 2019: Report

Spending on BPO is forecast to achieve the highest growth in 2019, at 14.4 per cent year-over-year.

06 May 2019 3:56 PM

TCS was recognised for its exceptional workplace policies, culture and continued investments in its 4.17 lakh employees across the world.

TCS recognised as a global top employer

TCS is guiding many of the world's leading brands through their Business 4.0 transformation journeys.

20 Feb 2019 5:19 PM

Shares of Wipro on Monday surged more than 8 per cent in morning trade on bourses after the IT services major said it had bagged USD 1.5 bn deal from Alight Solutions, its biggest deal till date.

Wipro shares jump over 8 pc as company bags biggest order till date

The shares of the company on Monday opened on a bullish note and touched an intra-day high of Rs 328.

03 Sep 2018 12:07 PM

IT services major Wipro on Wednesday said it has bagged a multi-year business process services engagement from Denmark-based Falck.

Wipro bags multi-year business process services deal from Falck

This engagement will help Falck increase operational efficiency and achieve data and process consistency.

29 Aug 2018 4:07 PM

India's second largest IT services firm Infosys has hired over 4,700 locals in the US since last year, including nearly 500 people for its technology hub in Raleigh, North Carolina. (Photo: AFP)

Hired more than 4,700 Americans since 2017, says Infosys

The company had announced that it will hire about 10,000 locals and establish multiple technology and innovation hubs across the US.

23 Aug 2018 1:39 PM

Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, has been named number one for customer satisfaction in the UK.

TCS declared UK's top IT services organisation for customer satisfaction

TCS was ranked number one in application development, maintenance, testing and SaaS; and data centre, managed infrastructure and hosting.

01 Jun 2018 12:49 PM

India's largest IT services firm TCS on Wednesday said it has expanded operations in Florida, US.

TCS expands operations in Florida as part of Transamerica deal

TCS has invested USD 3 billion in US over the past three years and has been among the top two IT services job creators.

23 May 2018 4:55 PM

2017 has already recorded as many as 21 deals, each valuing over $200 million in size in addition to 15 deals between $100 million and $200 million.

Private Equity firms invest $17.6 billion in Indian startups

The mega deals have been dominated by four sectors: Internet & mobile, Infrastructure, IT Services, BPO and BFSI.

30 Sep 2017 2:43 AM

IT layoffs: Infosys says reports overhyped; to hire 20K

Infosys COO UB Pravin Rao said technology-driven transformation presents new opportunities for IT companies.

03 Jun 2017 12:20 PM

Wipro will be restructuring its India and Middle-east business, which will create a few headwinds in the near future. (Photo: PTI)

Global uncertainty hits Wipro net profit

Its year-on-year IT services revenue grew by 7.2 per cent at Rs 13,200 crore, with 1.3 per cent decrease in net profit at Rs 24,200 crore.

26 Jan 2017 4:33 AM

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Aakar Patel

IT services