#it-services
Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses
Following a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the company reported robust revenue growth, boosting its future earnings outlook. However, upcoming costs linked to interes…
Coforge says AI is expanding its margins. Its rivals call it ‘AI deflation’
Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an industry br…
Lumina Datamatics Recognized Among ET Edge Best Organisations to Work 2026 for the Second Consecutive Year
Service exports are powering India's global growth story. It's time to recognise the businesses behind it.
As India's services sector drives global growth, the Payoneer India Cross-Border Excellence Awards 2026 celebrate businesses exporting innovation, expertise, and digital capabilities worldwide. From IT and AI to SaaS, Managed Services, and EdTech, the awards …
Daily Voice : Narnolia CIO sees FY27 growth crossing 7 % if US - Iran deal materialises
Accenture net income rises to $2.39 billion during March-May quarter
Accenture announced strong financial results for its March-May quarter. The IT services giant posted a net income of USD 2.39 billion, an increase from the previous year. Revenue also saw a rise, reaching USD 18.7 billion. The company secured significant new …
Mayuresh Joshi's top picks: Chemicals the dark horse, underweight on IT
Indian markets delivered strong earnings, but opportunities vary. Autos show stable demand with input cost risks. Chemicals are a potential dark horse for the next 18 months. PNB Housing stands out in housing finance. IT services remain underweight due to AI …
US PE firm Recognize, armed with $1.7 billion fund, scouts for niche IT service companies in India
Recognize, a private equity firm founded by former Cognizant CEO, emphasizes operational involvement and believes smaller IT firms will adapt to AI advancements more quickly than larger competitors.