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More misses than hits hint at uncertain times for IT services companies

The first-quarter performance of top IT services players, as well as mid-cap firms, has been subdued, reflecting macro uncertainties. The numbers of the top four firms show several misses, hinting at difficult times ahead. One mismatch is the total contract value (TCV) signed by the firms and the revenue growth registered.

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Infosys Grabs Rs 16,000 Crore+ Deal For Artificial Intelligence, Automation Project - Trak in - Indian Business of Tech, Mobile & Startups

Infosys Grabs Rs 16,000 Crore+ Deal For Artificial Intelligence, Automation Project - Trak in - Indian Business of Tech, Mobile & Startups
trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.

Omkar tanksaleSalil parekhSumeet jainDeal for artificial intelligenceAutomation dealWipro and tech mahindra

Indian IT sector s Gen AI push is more FOMO than actual revenue conversion: Industry experts

Most of the projects discussed by the Indian IT firms, though promising, are still at the proof of concept stage, and it will be a while before they start generating revenue, analysts said.

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Why IT stocks saw the biggest single-day surge since September 2020

Despite the bump today, brokerages remain cautious on the sector given the numbers of companies so far and the limited view ahead.

Amit chandraAmol athawaleSumeet jainVinod nairTechnology sectorHead of research at geojit financial servicesTechnical researchTata consultancy servicesTech mahindraGeojit financialVice presidentKotak securitiesDeputy vice presidentNifty itQ1 numbersIt majors

Why IT stocks were up today, explained

Despite the bump today, brokerages remain cautious on the sector given the numbers of companies so far and the limited view ahead.

Vinod nairAmit chandraAmol athawaleSumeet jainHead of research at geojit financial servicesTata consultancy servicesTechnical researchTechnology sectorTech mahindraGeojit financialVice presidentKotak securitiesDeputy vice presidentNifty itQ1 numbersIt majors