Tag: TCS
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Currency Depreciation Boosts IT Outsourcing Outlook Amid Seasonal Challenges
Currency depreciation is expected to benefit IT companies as they navigate the third quarter, with HCLTech and Coforge poised for growth. Key earnings announcements in January will provide insights into 2024 and 2025 prospects, with BFSI recovery aiding expansion. Analysts anticipate varied performance among leading firms, with a focus on future IT budgets and hiring…
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Indian IT Sector Braces for Mixed Q3 Results Amid Modest Growth Prospects
As the Indian IT sector prepares for Q3 FY25, Tier 1 companies like TCS, Infosys, and HCL Tech are projected to show modest revenue growth, while Tier 2 firms such as Coforge may reveal stronger results. Operating margins are expected to improve slightly despite challenges. Key sectors like BFSI and TMT indicate rising demand, and…
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IT Companies Prepare for Mixed Q3 Results with Tier 1 Firms Anticipating Modest Growth
The Indian IT services sector is preparing for a mixed Q3 FY25, with Tier 1 companies expected to report modest revenue growth, while Tier 2 firms like Coforge may demonstrate stronger performance. Improving operational practices and demand, particularly in BFSI and TMT, contribute to this outlook. Additionally, generative AI is emerging as a key growth…
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Q3 FY25 Results Preview: Indian IT Sector’s Expected Performance Insights
The Indian IT sector is preparing for Q3 FY25 earnings, with TCS leading on January 9. Analysts expect mild growth in major players, but tier-2 firms may outperform. Revenue results may be influenced by seasonal furloughs and macroeconomic factors, with forecasts indicating stable margins despite wage hikes. The Indian IT sector is poised for earnings…
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Building Effective Organizational Strategies for AI Adoption: Insights from TCS CTO
Harrick Vin, CTO of TCS, emphasized the challenges of building an effective organizational strategy for AI adoption, which requires collaboration among diverse teams. He noted that low AI adoption rates are often due to misalignment with organizational needs and insufficient knowledge on driving structural changes. TCS maintains a steady R&D expenditure to address these challenges…
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Generative AI Threatens Pricing and Employment in India’s IT Services Industry
Generative AI aims to transform India’s $254 billion IT services sector, with anticipated pricing pressure on support and maintenance contracts starting next year. The ADM and BPO segments, which compose 40% of industry revenues, are under threat due to AI’s capability to automate tasks. Major firms like TCS and Infosys may face challenges as contract…