Industry: IT software & services

Cognizant delivered weak revenue growth, missed margin guidance & delivered weak commentary for BFSI vertical.
May 5, 2019, 11:44 a.m.

Against a 7%-9% constant currency (CC) revenue growth for 2019 (with 150bps from acquisitions) that it had guided for when 4Q2018 results were declared, Cognizant Technology Solutions’ (CTS) lowered it to 3.6%-5.1% after a weak 1Q with no material pickup expected in 2HCY2019.
May 3, 2019, 11:11 a.m.

In India, 59 per cent of respondents said they are worried that the internet is getting increasingly becoming unstable from a cybersecurity point of view.
April 18, 2019, 9:52 a.m.

The data center systems sector will witness the biggest drop in 2019 with a decline of 2.8 per cent, due to expected lower average selling prices.
April 17, 2019, 10:53 a.m.

The dust had hardly settled over the reports of Mindtree’s founders spurning the advances of their corporate suitor Larsen & Toubro when the news broke of a happier ‘ownership succession’ in another mid-tier Indian firm, NIIT Technologies.
April 15, 2019, 10:10 a.m.

Both Tata Consultancy Services (TCS) and Infosys are slated to declare their 4QFY19 results on 12 April 2019 post Indian stock market trading hours. The focus would be on commentary regarding FY20 revenue growth and margins.
April 11, 2019, 12:18 p.m.

In our coverage universe, we expect sequential revenue growth of 0.50% QoQ for 4QFY19. Amongst our mid-cap universe, Cyient and Persistent systems’ top-line would be under pressure on account of delays in orders and IP business seasonality.
April 11, 2019, 11:20 a.m.

Nirmal Bang Institutional Equities' Girish Pai talks about analyst expectations from IT companies.
April 11, 2019, midnight

We attended a quarterly call by ISG, where it cited the progress on deal wins and key developments in the IT industry. With traditional sourcing a major component of the deals data tracked by ISG, the trends hold relevance from Indian IT Services’ perspective.
April 10, 2019, 12:01 p.m.

Nifty IT index outperformed Nifty by a modest 160bps in the March 2019 quarter (see Exhibit 12). Indian financials (which have the largest weight in Nifty) made a strong comeback in the second-half of the quarter as global risk appetite improved on the 180 degree turn to a softer monetary policy, both by the US Federal Reserve and the ECB.
April 3, 2019, 11:24 a.m.