Sector Software & Services - Latest news, views and updates

SECTOR | 03 Apr 2025

Information Technology Jan-Mar'25 Earnings Preview Another quarter of...

Prabhudas Lilladhar

weakness reported last quarter. Although we believe the tariff-related headwinds are yet to get fully captured into 4Q operations, earlier weakness in selective pockets along with anticipated ramp-down for a few, would impact exit rates for a few IT names (PL coverage universe). Similarly, the softness in revenue growth should make it difficult to pull up margins, while making it even more difficult for companies having residual/partial impact of compensation EUR, GBP and AUD have weakened against USD by 1.4%, 1.8% and 3.7% QoQ,...

Software & Services

SECTOR | 02 Apr 2025

AI threatens to upend India's ITeS industry's human capital requirements

Business Standard

It is vital now for India's ITeS behemoths to inform what this transformation implies for their future business models, their earning plans, and their hiring decisions

Software & Services

SECTOR | 01 Apr 2025

Cognizant names Sailaja Josyula as Global Head of GCC Service Line

Business Standard

IT major Cognizant on Tuesday said it has appointment Sailaja Josyula as Global Head of its Global Capability Center (GCC) Service Line. Based in Hyderabad, she will oversee "the definition and execution" of Cognizant's global GCC strategy, establishing and leading a cross-functional team, a company statement said. "With her extensive experience and proven track record, Sailaja's leadership will boost our ability to build and scale GCCs, delivering great value for our clients," said Surya Gummadi, President, Americas, Cognizant. Josyula has rejoined Cognizant after a brief stint at EY. Between 2018 and 2024, she held several leadership roles at Cognizant, including serving as the Hyderabad Center Head and Global Head of BFSI Operations Delivery. With nearly 30 years of experience, she has also held leadership positions at Thomson Reuters and HSBC.

Cognizant appoints Sailaja Josyula as global head of GCC service line

Business Line | 01 Apr 2025

Software & Services

SECTOR | 27 Mar 2025

Cognizant aims to re-enter the top-tier club of IT services by 2027

Business Standard

The Nasdaq-listed company has trailed peers such as Tata Consultancy Services (TCS) and Accenture over the past few years

Cognizant CEO Ravi Kumar: We are a human capital company, a hiring magnet'

Business Line | 26 Mar 2025

Software & Services

SECTOR | 27 Mar 2025

Information Technology Sector Update Cautiously optimistic, reentering tough...

Software & Services

Prabhudas Lilladhar

Discretionary spending revival could be delayed due to macro uncertainties key markets and geographies will be detrimental to the IT services sector. Until Q3FY25, gradual recovery in demand was visible within certain pockets; however, all this could change quickly with inflationary trade policies further escalating uncertainties among global enterprises, and requiring them to revisit budgetary spends. Discretionary small-size deals are most likely to get Additionally, we believe cost-focused AI programs that have achieved some level of maturity would get infused into large deals and provide some respite to ACVs. We believe the cost + AI theme would playout meaningfully in the...

Software & Services

SECTOR | 27 Mar 2025

Discretionary spending wavers amid US Tariff Uncertainty

Software & Services

KRChoksey

The demand environment in Q3FY25 reflected early signs of stabilization, with slightly improved Total Contract Value (TCV) momentum, supported by small and mid-sized deal conversions. However, large deal closures remained muted, indicating that enterprises continue to maintain a cautious stance, particularly for discretionary-led digital transformation initiatives.

Software & Services

SECTOR | 26 Mar 2025

Cognizant Collaborates With Nvidia To Accelerate Enterprise AI Adoption

NDTV Profit

Cognizant aims to accelerate AI adoption in five areas, including enterprise agents, industry-specific LLMs, and digital twins for smart manufacturing, among others.

Software & Services

SECTOR | 25 Mar 2025

India's ITeS sector set for 20% growth in job opportunities, report finds

Business Line

The product sector is expected to experience a fresher hiring rebound, with 1.5 to 2 million fresh graduates with new-age tech skills anticipated to enter the workforce

Software & Services

SECTOR | 25 Mar 2025

Cognizant increases share buyback by $2 billion, raising total to $3.1 billion

Business Line

Cognizant will outline its strategies and future plans during the upcoming Investor Day, where insights from key clients will also be shared.

Software & Services

SECTOR | 24 Mar 2025

Jobs in India's ITeS sector likely to grow by 20% in 2025: Report

Business Standard

India's ITeS (Information Technology and Enabled Services) sector is poised for significant expansion in 2025, with job opportunities projected to surge by 20 per cent, according to a report. The "Instahyre Tech Salary Index 2025" indicated shifting salary dynamics across different experience levels and domains. Instahyre, an AI-based hiring platform, drew insights from over 42,000 anonymised candidate profiles and more than 11,000 recruiter-candidate interactions. "Roles in AI, cybersecurity, and cloud computing are expected to witness a remarkable 75 per cent surge, driven by the rising adoption of emerging technologies. The gig economy and remote work models are also playing a crucial role in shaping the sector's growth, contributing to an estimated 10 per cent growth. However, as technology advances, nearly 40 per cent of the workforce will require upskilling to stay competitive in an evolving job market," it said. The report highlighted shifts in salaries across various...