It Services News - Latest Updates & Headlines
Tata Elxsi Q4 profit falls 14 pc to Rs 172 crore amid challenges in auto and media segments
New Delhi, April 17: Tata Elxsi, a design-led technology services company, on Thursday reported a 14 per cent decline in its net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25).
Wipro clocks 6.4 pc rise in Q4 net profit at Rs 3,569.6 crore
New Delhi, April 16: IT software major Wipro Ltd on Wednesday reported a 6.4 per cent sequential rise in net profit to Rs 3,569.6 crore for the fourth quarter of the financial year ended on March 31, 2025.
TCS delays salary hikes amid global uncertainty
Mumbai, April 12: IT services major Tata Consultancy Services (TCS) has delayed salary hikes, as the management remained uncleared on the increment cycle amid global uncertainty arising due to US tariffs.
Rising global headwinds to slow Indian IT sector momentum in FY26: Nomura
New Delhi, April 12: Rising macroeconomic uncertainties will impact the growth of information and technology (IT) companies in the financial year 2026 (FY26), Nomura said in its latest report.
TCS adds 625 employees in Q4, reversing workforce decline from last quarter
Mumbai, April 10: IT services major Tata Consultancy Services (TCS) on Thursday announced it has added 625 employees on a net basis during the fourth quarter (Q4) of FY25, reversing the previous quarter’s workforce decline.
TCS clocks nearly 2 pc drop in Q4 profit, announces Rs 30 final dividend
Mumbai, April 10: India's largest IT services company, Tata Consultancy Services (TCS), on Thursday reported a 1.68 per cent fall in its consolidated net profit at Rs 12,293 crore for the March quarter (Q4 FY25).
Indian IT services sector projected to clock mid-single-digit USD growth in FY26
New Delhi, April 2: The Indian IT services sector is projected to clock mid-single-digit USD growth over the medium to long term, led by 2-3 per cent market growth and the rest through market share gains, HSBC Research said on Wednesday.
Indian IT services to log 6-8 pc growth once again in fiscal 2026: Crisil
New Delhi, March 27: The Indian information technology (IT) services sector is projected to sustain its 6-8 per cent (in rupee terms) growth in fiscal 2026, amid continuing macroeconomic headwinds and emerging uncertainties in the key markets of the US and Europe, a report said on Thursday.
MSMEs to drive IT sector towards $450 billion services export target: Piyush Goyal
New Delhi, March 21: Led by MSMEs, the IT sector can achieve an ambitious $450 billion services export target in the next financial year, Union Minister of Commerce and Industry, Piyush Goyal, has emphasised.
India's IT services firms likely to post 4 to 6 per cent revenue growth in FY 2026
New Delhi, March 12: Indian IT services companies are expected to record a moderate 4-6 per cent growth in US dollar terms during FY2026, according to an ICRA report released on Wednesday.
Revenue growth of Indian IT services companies projected at 4-6 pc in FY2026: ICRA
New Delhi, March 12: Indian IT services companies will witness a moderate 4-6 per cent revenue expansion in USD terms in Financial Year 2026 (FY26), the ICRA said in its projection on Wednesday.
AI is not optional for IT industry, it's imperative for growth: Centrum Report
New Delhi, March 10: Artificial Intelligence (AI) is no longer just an emerging technology; it has become a crucial factor for the growth of the IT services sector, according to a recent report by Centrum Institutional Research.
Tech Mahindra strengthens US presence with new Texas headquarters
New Delhi, March 7: Tech Mahindra on Friday said that it has taken a significant step in expanding its footprint in the United States (US) with the inauguration of its new headquarters in Plano, Texas.
Tariffs and counter-tariffs have infused more uncertainty in IT sector: JM Financial
New Delhi, February 27: Rising trade tensions and economic uncertainties are adding new challenges for the IT services sector as tariffs and counter-tariffs have increased market instability, while inflation concerns and delays in interest rate cuts have worsened the outlook, according to a report by JM Financial.
8 in 10 Indian developers able to boost productivity by using GenAI
Mumbai, Feb 25: About eight out of 10 developers in India have reported significant productivity gains by using generative AI, as the new technology is transforming IT-enabled services (ITeS) industry in the country, according to a new report.
Astreya marks one year in Hyderabad: A milestone of innovation, growth, and global impact
Hyderabad, Feb 21: Astreya, a global leader in IT managed services and digital transformation, is marking the one-year anniversary of its Hyderabad facility -- a dynamic centre that’s quickly become a catalyst for innovation in cloud computing and automation.
Rate cut uncertainty, escalating tariff wars to delay Indian IT sector recovery: Report
New Delhi, February 16: Uncertainties surrounding rate cuts and the escalation of tariff wars will influence the sentiments in the near term and prolong the information technology (IT) sector recovery, said a report by Mirae Asset Sharekhan.
Budget to boost consumption sectors, DeekSeek AI an opportunity for Indian IT firms
Bengaluru, Feb 5: The Union Budget will boost consumption sector and long-term policies are favourable for urban housing, insurance and defence-related industries, according to a new report.
L&T's Q3 profit dips despite 53 pc surge in orders, rising costs squeeze margins
Mumbai, Jan 30: Larsen & Toubro (L&T) reported over 1 per cent decline in net profit for the third quarter (Q3) of the financial year 2024-25 at Rs 3,358.84 crore, excluding non-controlling interests, from Rs 3,395.29 crore reported in the previous quarter (Q2 FY25).
HCLTech IPO turns 25; IT firm accumulated over 1,300% return on investments in these years
Mumbai, January 18: HCLTech's Initial Public Offering turned 25 years, and the IT services firm celebrated this special occasion with a special bell-ringing ceremony at the National Stock Exchange (NSE) in Mumbai.
IT major Wipro slated to hire up to 12,000 freshers in FY26
New Delhi, Jan 18: IT software major Wipro is slated to hire up to 12,000 freshers next fiscal (FY26), as it aimed to hire about 10,000 freshers this fiscal (FY25).
Wipro's Q3 net profit rises 4.5 pc to Rs 3,254 crore
Bengaluru, Jan 17: IT software major Wipro Ltd reported a 4.5 per cent sequential increase in consolidated net profit to Rs 3,354 crore for the October-December quarter of the current financial year compared to the preceding quarter.
Tech Mahindra clocks 21.4 pc net profit drop at Rs 988 cr in Q3, revenue down 3.8 pc
New Delhi, Jan 17: IT and digital solutions provider Tech Mahindra on Friday reported 21.4 per cent drop in net profit at Rs 988 crore (quarter-on-quarter) in the October-December period of FY25, from Rs 1,257 crore in the same quarter last fiscal.
Wipro logs over 24% increase in net profits in Oct-Dec quarter, revenue rises marginally
New Delhi, January 17: IT services and consultancy firm Wipro on Friday reported a 24.66 per cent rise in net profits in the just-concluded October-December quarter. The profits were Rs 3,364 crore during the quarter, as against Rs 2,700 crore in the year-ago period.
Tech Mahindra registers 92.6% rise in Q3 profits, revenue a marginal 1.4%
Chennai, January 17: Tech Mahindra on Friday reported that its consolidated net profit during the October-December quarter rose 92.6 per cent to Rs 983 crore. In the same quarter of last fiscal, the company reported net profit worth Rs 510 crore.
LTIMindtree posts 7.1 pc rise in Q3 revenue but profit falls amid higher costs
Mumbai, Jan 16: LTIMindtree posted a 7.1 per cent year-on-year increase in revenue to Rs 9,661 crore but the company's net profit fell during the October-December quarter of the current financial year amid rising expenses.
Infosys clocks 11.5 pc net profit growth at Rs 6,806 crore in Q3
New Delhi, Jan 16: IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period.
HCLTech posts 5.5 pc net income growth at Rs 4,591 crore in Q3
Mumbai, Jan 13: Global technology company HCLTech on Monday posted 5.5 per cent growth (year-on-year) in net income at Rs 4,591 crore for Q3 FY25, as revenue grew 5.1 per cent at Rs 29,890 crore on an annual basis.
IT services, Pharma sector PAT to grow by 5.8 pc in 3Q FY25: JM Financial
New Delhi, January 11: The JM Financial coverage universe is poised to report a 5.8 per cent year-on-year (YoY) growth in profit after tax (PAT) for the third quarter of FY25, driven by robust performances in IT services and pharmaceuticals.
TCS posts 12 pc rise in Q3 net profit, declares special dividend of Rs 66 a share
Mumbai, Jan 9: Tata Consultancy Services (TCS), India’s biggest IT software company, on Thursday reported a 12 per cent increase in net profit to Rs 12,380 crore for the October-December quarter of 2024-25, compared to the same period in previous fiscal.
TCS reports employee headcount drop by 5,370 in Q3
Mumbai, Jan 9: IT services major Tata Consultancy Services (TCS) on Thursday reported a drop in its employee headcount by 5,370 in the third quarter this fiscal (Q3 FY25), which is a reversal after two consecutive quarters of headcount growth.
TCS registers 12% profit growth in Oct-Dec quarter, revenue up 5.6%
New Delhi, January 9: IT services major Tata Consultancy Services (TCS) has reported a 12 per cent jump in net profit in the just-concluded October-December quarter, its earnings released Thursday showed.
Indian IT sector set for revival in 2025 as macro-economic environment gets better
New Delhi, Jan 6: For the Indian IT sector, the macro-economic environment is far better placed than it has been in the last two years which should drive a revival in 2025, according to a report on Monday.