IT sector: Is the worst over? Here's what brokerages and analysts predict

The IT sector, which witnessed strong tailwinds during the times of the Covid-19 pandemic, seems to have hit rough weather.

India bluechips to shift to world's fastest settlement cycle T+1 this week: Report

As per the report, starting January 27, stocks from Reliance Industries to Tata Consultancy Services and Adani Enterprises — together comprising 80 percent of the country’s equity market — will be settled on a ‘trade-plus-one-day’ timeline versus the two-day process earlier.

Tech in trouble? How a likely global recession will impact Indian IT companies

<ul><li>Indian IT companies make up a large portion of the worldwide IT market, and the growth of the Indian IT industry is closely tied to global market conditions.</li></ul>

IT sector Q3 earnings: 3 things you must check in results before investing in stocks

<ul><li>If the company’s results excite you, and you are looking forward to investing, let’s dive deep into how the quality of earnings might affect your investment decisions.</li></ul>

Hiring slowdown lifts top IT companies' profit per employee: Report

As per the report, the top four IT companies earned a net profit of ₹1.7 lakh per employee during October-December 2022, up 8.6 percent from ₹1.57 lakh in Q2FY23.

TCS: Buy, sell or hold? Here's what 5 brokerages say on the Q3 results

Brokerages remained mixed on the TCS post the results but have largely maintained their FY24 estimates. They are cautious on the overall IT industry and believe that high valuations will weigh on the IT major.

TCS falls over 2% as third quarter profit misses estimates

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<ul><li>TCS reported a consolidated net profit of ₹10,846 crore, up 4% sequentially, however, was slightly below of the street's expectation.</li></ul>

TCS reports quarterly decline in staff; to hire over 1.25 lakh this year

TCS has hired 42,000 freshers in FY23 so far, which means that it hired only about 7,000 employees in the third quarter over the 35,000 done in the first half. It may hire a few thousand more in the fourth quarter or it may stay muted.

TCS Q3 earnings: IT major posts lower-than-expected profit as clients tighten spending

<ul><li>TCS is the first among its peers to report quarterly earnings, setting the tone for the industry, which had been riding a pandemic-led boom in demand.</li></ul>

TCS Q3 Earnings: Margins likely to improve on easing supply-side pressure; here are the key expectations

TCS may post around 15-20 percent year-on-year (YoY) average revenue growth to around ₹57,500 crore in Q3FY23. Its net profit may rise 10-16 percent YoY to around ₹11,000 crore, as per experts.

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IT sector: Is the worst over? Here's what brokerages and analysts predict

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