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IT STOCKS

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IT Sector: Between midcaps and largecaps, what should you pick?

5 min read . 14 May 2024

Tech Mahindra was almost single-handedly responsible for the 3% decline telecom revenue at the top five IT firms in FY24, having lost $320 million or 12.1% in annual revenue from telecom clients. Photo: Reuters

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Telcos hanging up on tech spending will hurt IT firms

4 min read . 09 May 2024

The three cloud giants together added $2 billion in sequential incremental revenue in the March quarter.

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The cloud is building; will TCS, Infosys, Wipro get showers of joy?

4 min read . 08 May 2024

Kotak Equities likes Infosys followed by TCS and HCL Technologies in Tier-1 and Cyient in mid-tier. (Image: Pixabay)

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IT stocks attractive after correction, recovery hopes pushed back to FY26: Kotak

2 min read . 06 May 2024

For Indian IT firms, demand environment remains uncertain, and geographies like the UK and Germany continue to be under pressure. (Image: Pixabay)

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Wipro, Infosys March quarter results paint gloomy outlook for FY25

3 min read . 22 Apr 2024

Gartner expects Indian IT services revenue to grow by around 10% this year (Photo: iStock)

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Mint Primer | Let the good times roll: IT services eye a better future

2 min read . 22 Apr 2024

Infosys’s performance pales in comparison with Tata Consultancy Services Ltd. (Photo: Reuters)

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Infosys projects bleak market to continue this year with paltry growth guidance

3 min read . 18 Apr 2024

Indian IT stocks today: The mixed results from IT major Tata Consultancy Services have dented investors' sentiment towards IT stocks. (REUTERS)

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Nifty IT tumbles over 2.5% to hit new 2024 low – here's why

2 min read . 16 Apr 2024

For HCL, Bloomberg estimates 4.7% revenue growth to $13.2 billion for FY24, while net profit is projected to rise 3.3% to $1.9 billion. (Photo: Reuters)

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The one bright star in a bleak year for IT

4 min read . 05 Apr 2024

Beyond the immediate financial market implications, a more substantive concern for Indian IT firms would be understanding the underpinnings of Accenture’s weak forecast. (Photo: Mint)

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IT firms mustn’t miss warning signals from Accenture

4 min read . 22 Apr 2024

The Nifty IT index has corrected more than 6% over the last one month, underperforming the benchmark Nifty 50 index, as the market starts factoring in this slower recovery.

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IT sector likely to report muted revenue growth with stable margins in Q4FY24

3 min read . 01 Apr 2024

Kotak Institutional Equities believes that the weak Accenture results have killed all hopes of a recovery in FY25. Morgan Stanley also expressed concerns following Accenture's downward revision of its guidance for the fiscal year raised worries about the pace of revenue recovery for Indian IT.

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Weak Accenture earnings kills all hopes of recovery of Indian IT sector in FY25

4 min read . 22 Mar 2024

Among individual stocks, TCS emerged as the biggest underperformer, declining by 4.3% to ₹3,972 per share, recording biggest intraday drop since September 2022. (MINT_PRINT)

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Nifty IT index slips 2.90% to hit a 9-week low; TCS shares drop by 4.3%

2 min read . 19 Mar 2024

The Nifty IT Index has gained approximately 2,200 points, moving from 28,621 to 30,821 points, producing a return of 7.68%. (REUTERS)

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Indian stock market lags behind its global peers in 2023; Here are the key reasons

5 min read . 13 Feb 2023

The year 2022 so far has been bad for the IT pack. (Unsplash)

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IT stocks reel under pressure due to mounting challenges; Should you avoid them? 4 analysts say this

6 min read . 15 Sep 2022

The June quarter results were harmed by high attrition levels, as well as higher-than-normal wage increases, hiring costs, and sub-con costs. ((Getty Images/iStockphoto))

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Results Review: Major IT firms have not raised their revenue guidance for FY23; Is that a red-flag?

5 min read . 27 Aug 2022

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