indian it companies

Does Accenture’s first quarter performance and guidance for the second quarter announced Tuesday bode well for Indian IT companies? Not really! Going by the management’s commentary, green shoots are visible but timelines will vary much like the visibility on its deal pipelines. Reports also suggest that the current green shoots in the IT spending ecosystem will not have any material impact on Indian IT’s fiscal 2024 guidance and that the technology spend cycle will only recover post-June 2024, which may benefit revenue…

Despite global macroeconomic headwinds, brokerages and analysts remain bullish about the Indian IT sector’s market opportunities in the event of a downturn, said a report by credit rating agency S&P Global Ratings. This, however, does not mean that their growth over the next 18 months is immune to global shocks. Market researchers expect the Indian companies to ride over difficult times backed by strong balance sheets and execution prowess. ETtechRated India IT companies have strong financial profiles. They are in a…

Indian IT companies are looking to beef up their margins and are relying heavily on increasing the utilisation rates to achieve this.Utilisation rates for IT companies mean the percentage of their employees working on active projects. This metric had significantly dropped for them in the past few quarters.India’s second largest IT firm, Infosys, reported a gross utilisation rate of 76.9% (including trainees) for the March quarter, which was lower than the previous quarter. Excluding trainees (or net utilisation), the rate…