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Indian IT likely to post best Q4 results in five years, attrition a concern

Indian IT likely to post best Q4 results in five years, attrition a concern
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While Tata Consultancy Services Ltd. (TCS), the country’s largest technology services firm by revenue, will kick off the Q4 results season on April 12. Infosys’ on April 14 and Wipro on April 15 will follow.
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Bengaluru: Indian IT services firms are expected to report their best fourth-quarter results in five years, analysts said, as business from clients in the US and Europe grew at a fast clip.
They will, at the same time, also report higher attrition rates due to a battle for talent among peers, global corporations and startups, the analysts said. ....

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Wipro Limited (WIT) Q3 2021 Earnings Call Transcript

Operator
Ladies and gentlemen, good day and welcome to the Wipro Limited Q3 FY 21 Quarterly Investor Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
[Operator Instructions]. I now hand the conference over to Ms. Aparna Iyer, Vice President and Corporate Treasurer. Thank you, and over to you.
Aparna Iyer
Vice President and Corporate Treasurer
Thank you, Stanford. A very warm welcome to our quarter three FY 21 earnings call. We will begin the call with the Business Highlights and Overview by Thierry Delaporte, our Chief Executive Officer and Managing Director, followed by a Financial Overview from our CFO, Jatin Dalal. Afterwards, the operator will open the bridge for Q&A with our management team. ....

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it companies: IT biz expected to make strong recovery in Q3

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Bengaluru: The improvement that IT companies have been seeing after the slump in the June quarter is expected to continue in the December quarter and after. Accenture, which follows a September-August financial year, recently announced the first quarter results for fiscal year 2021 that lifted its share price by 7%. The company also revised its revenue guidance for the fiscal to 4-6%, from its previously stated 2-5%, reflecting accelerated spends in digital, cloud and security.
For Indian IT, which will announce numbers in January, it is expected to be similar.
ICICI Securities analysts Sudheer Guntupalli and Hardik Sangani noted that barring a few cases, they expect furloughs to be less pronounced compared to a typical December quarter as enterprises come out of lockdowns. ....

Hardik Sangani , Sudheer Guntupalli , ஹார்டிக் சங்கனி , சுடீர் குண்டுப்பள்ளி ,

tcs: TCS hits 52-wk high on opening day of share buyback

Bengaluru: Tata Consultancy Services (
TCS) shares hit a 52-week high on the opening day of its Rs 16,000-crore share buyback offer on Friday, which the IT bellwether has priced at Rs 3,000 apiece.
India’s largest IT services provider by revenue will buy back about 53 million equity shares, representing 1.42 per cent of its total issued and paid-up equity share capital. This will be its third buyback plan after ones amounting to Rs 16,000 crore each in 2017 and 2018. The offer closes on January 1, TCS said.
Shares inched up about a per cent to close at Rs 2,862.60 on the BSE Friday. Rival
Infosys also saw its stock hitting a record high on a day when Accenture reported a strong first quarter performance. ....

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L&T Infotech Expects $1 Billion Revenue From Cloud In 2-3 Years: Reports

According to Motilal Oswal and ICICI Securities, to achieve the $1 billion revenue, L&T Infotech has already carved out a separate business unit for each of the cloud service provider and aims to take them to new clients. ....

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