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News on Medial
As TCS loses shine, investors place hopes on Infosys, HCLTech
Livemint
·
24d ago
Medial
Tata Consultancy Services (TCS) is losing investor confidence, with its shares declining over 20% this year due to weaker revenue growth and fewer large deals compared to rivals Infosys and HCL Technologies. While TCS trades at a lower price-to-earnings ratio, raising concerns about its competitive edge, investors are shifting their focus to Infosys and HCLTech, the second and third-largest IT services firms in India, which are displaying more favorable growth prospects.
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How India's IT giants are earning smarter
Livemint
·
1m ago
Medial
Three of India's top five IT companies—TCS, Infosys, and HCLTech—have increased revenue per employee in FY25 due to reduced hiring, increased automation, and boosted third-party software license sales, despite global economic challenges. TCS reported $49,902 per employee, Infosys $60,164, and HCLTech $61,388, with incremental rises since FY22. Conversely, Wipro and Tech Mahindra experienced declines, with Wipro dropping to $45,118 and Tech Mahindra to $42,585 per employee.
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Growth, profitability drive up TCS, HCLTech valuation
Economic Times
·
1y ago
Medial
The largest tech companies in Mumbai, such as TCS and HCLTech, have been rewarding investors with positive returns, while other companies like Infosys, Wipro, and Tech Mahindra have seen negative returns. The ability to sustain profitability in weak market conditions has been a key factor in investor rewards. Mid-tier firms like Persistent and Coforge have also performed well. Margins have played a role in valuations, with TCS and HCLTech maintaining strong margins while others have seen declines. Cost improvements and investments in AI have helped IT firms defend margins.
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HCLTech asks employees to work from office thrice a week or face action
Economic Times
·
1y ago
Medial
Indian software services firm HCLTech has informed its employees that they must physically report to the office at least three days a week starting from February 19. Failure to comply could result in disciplinary action. The company's spokesperson stated that they follow a hybrid work model, with employees required to work from the office three days a week. Like other IT giants in India, such as TCS, Infosys, and Wipro, HCLTech is opting for a blended approach to work.
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Infosys, Wipro, LTIMindtree, TCS, Coforge, Mphasis, Zensar shares tumble up to 5% today, here's why
Business Today
·
4m ago
Medial
Investors reacted nervously to uncertainties around Trump tariffs and a US market correction, resulting in notable losses for major IT stocks like Infosys, Wipro, LTIMindtree, TCS, and others. The BSE IT index dropped 795 points, while the Nifty IT index lost 818 points. Specific stock declines included LTIMindtree at 3.19%, TCS at 1.42%, Infosys at 3.85%, and Zensar Technologies at 5%, reflecting widespread market jitters within the IT sector.
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Why Infosys and HCLTech have the longest running CEOs
Livemint
·
11m ago
Medial
C. Vijayakumar of HCL Technologies and Salil Parekh of Infosys have become the second-longest running CEOs among the top five Indian IT services companies. TCS, Wipro, and Tech Mahindra have all seen leadership changes in the last two years, while Parekh and Vijayakumar have held their positions for over six and eight years, respectively. Both CEOs have brought stability and growth to their companies, with HCLTech experiencing higher growth rates compared to its peers. However, both face challenges in declining profitability.
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In slow December quarter, TCS beats Infosys
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has outperformed Infosys in the December quarter as its revenue rose by 1% sequentially, beating profit estimates. A significant portion of TCS's growth was driven by a large contract with BSNL. However, both TCS and Infosys are at risk of registering their slowest annual growth due to the global economic slowdown. Additionally, the combined workforce of both companies declined by 11,781 employees during the quarter. TCS reported a revenue of $7.28 billion and a net profit of $1.41 billion, while Infosys reported revenue of $4.66 billion and a net profit of $733 million.
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TCS, Infosys, Mphasis, Coforge, HCL shares under pressure as Nifty IT slips for sixth session
Business Today
·
5m ago
Medial
The Nifty IT index declined for the sixth consecutive session due to global economic uncertainty sparked by the US tariff war. This uncertainty threatens global growth, impacting IT services demand. US inflation has dampened Fed rate cut hopes and consumer confidence. Households expect a 3.5% inflation over the next five years, the highest since 1995. TCS and Infosys show earnings resilience, while Mphasis was the top loser, dropping 3.12% to Rs 2,376.40.
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IT stocks drags Indian equity benchmarks to weekly losses
VCCircle
·
6m ago
Medial
Indian equity benchmarks fell on Friday, leading to weekly losses, primarily due to a significant decline in IT stocks over concerns about earnings growth and persistent foreign outflows. The Nifty 50 and BSE Sensex declined by roughly 1% each for the week. Infosys and HCLTech saw notable drops. Foreign investors have withdrawn about $6 billion in January, contributing to concerns. Axis Bank shares fell due to weak quarterly results, while Reliance shares rose on exceeding profit expectations.
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How HCLTech bucked the shrinking headcount trend
Livemint
·
1y ago
Medial
Major Indian software services companies, such as Tata Consultancy Services (TCS) and Infosys, witnessed a decline in their collective headcount in the recently concluded financial year. TCS reported a reduction of 13,000 employees, Infosys cut around 26,000 positions, and Wipro decreased its workforce by 23,000. Conversely, HCL Technologies was the only company among the top four to see an increase in headcount. These changes in headcount are monitored as an indicator of sales and billings for IT services firms. However, the link between headcount and sales may change with the advent of artificial intelligence.
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Decline in Headcount Top Four IT Companies in India Witness a Drop in Employee Numbers in Q2 of FY24
Business Bytes
·
1y ago
Medial
The top four IT companies in India, including TCS, Infosys, HCL Technologies, and Wipro, experienced a decline in their workforce during the second quarter of the fiscal year 2024. TCS recorded the largest reduction with 6,333 fewer employees, marking the largest drop in their employee numbers in years. Infosys saw a decline of 7,530 employees, HCL Technologies had a reduction of 2,299 employees, and Wipro witnessed 5,051 employees leaving the company. While the exact reasons are unclear, factors such as economic uncertainties and shifts towards automation and digitalization may have played a role. The companies also focused on improving employee retention strategies.
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