Microsoft Surface sales sink, shares dip

Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.

Shares of the world's largest software company fell 0.6 percent to $67.85 in trading after the bell.

Under Chief Executive Satya Nadella, who

Intel's revenue misses estimates as data centre growth slows

Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data centre business, on which the world's largest chipmaker is banking to reduce its reliance on the personal computer market.

The company's shares fell nearly 4 percent to $35.97 in trading after the bell on Thursday.

Revenue from Intel's higher-margin data

Now Northeast set to boost India's global IT business

The northeastern region, long considered backward in growth and business terms, is poised to add heft to India's dominant position in global software exports and the IT industry, a top official said

"Aiming to further boost India's software exports and strengthen the IT industry, six IT parks and hubs have already been set up in six capitals or cities of the northeastern

Hexaware Technologies Ltd For Target Rs.245.00 - Reliance Sec

Revenue Growth Enthuses; Guidance Reiterated

Hexaware Technologies (Hexaware) recorded a strong performance in 1QCY17 led by focus on niche sub-verticals like Travel and Capital Markets. USD revenue grew 4.2% QoQ in 1QCY17 (4% in CC terms) to $144.7mn (3.1% above estimate) mainly on strong volume growth of 3.8% QoQ. Vertical-wise, strong growth was rec

27/04/2017 3:17:35 PM | Posted in Broking Firm Views - Long Term Report read full news
Infosys launches next generation AI platform

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has said that it has launched Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge. “Together, both these products have amassed 50+

Nucleus Software Exports hits 52-week high on share buyback plan

Shares of Nucleus Software Exports zoomed over 16 per cent on the Bombay Stock Exchange after the company said that its board has approved buyback of shares at a price not exceeding Rs 350 per share through tender offer.

Buoyed by the development, shares of the company gained as much as 16.01 per cent to hit 52-week high of Rs 329.50 apiece on the Bombay Stock Exchange. The scrip was

Wipro growth forecast hit by healthcare, weak retail

MUMBAI/BENGALURU - Wipro Ltd, India's third-biggest software services exporter, said cancellations of healthcare projects and weak retail spending in its key U.S. market would hit revenue growth.

Headquartered in the technology hub of Bengaluru, Wipro said on Tuesday that its consolidated net profit grew 0.4 percent to 22.67 billion rupees ($353 million) in its fi

Wipro posts small rise in quarterly profit; outlook muted

MUMBAI - India's No.3 software services firm Wipro Ltd reported a small rise in quarterly profit on Tuesday, driven by revenue growth from financial solutions and healthcare customers.

The company however, said it expects quarterly revenue, on a sequential basis, to fall or stay flat in the ongoing quarter.

The muted growth outlook comes as Indian softwa

Infosys opens delivery centre in Croatia

Infosys Ltd has opened a delivery centre in Croatia to offer research and development (R&D) and engineering services to its global clients in Eastern Europe, said the software major on Tuesday.

"The delivery centre marks our expansion into Eastern Europe's heavy engineering sector, meet near-shoring requirements, support engineering clients worldwide and offer R&

TCS, Infosys got only 8.8% of H-1B visas, says Nasscom contradicting US official

Indian IT industry's apex body has said that the two top companies -- TCS and Infosys -- got only 8.8 per cent of H-1B visas for placement of workers in the United States.

"Of the six Indian IT companies, software majors TCS (Tata Consultancy Services) and Infosys received 7,504 H-1B visas in FY 2015, which is 8.8 per cent of the total H-1B visas," said the National

India not discussing individual cases with US: Nirmala Sitharaman on H-1B visas

Commerce and Industry Minister Nirmala Sitharaman said the government has taken up the H-1B visa issue with the US but it is not discussing the problems of individual IT companies, reported PTI. "We are certainly talking with the US administration on H-1B visas.

However, I am not talking on each of these firms," she told reporters. She was responding to a query about the US

42% of CEOs have begun digital transformation: Gartner

Product improvement and technology are the biggest rising priorities for CEOs in 2017 and 42 per cent of them have begun digital business transformation, market research firm Gartner said on Monday.

According to the survey, growth is the top business priority for 58 per cent of CEOs, which is up from 42 per cent in 2016.

"Forty seven percent of CEOs are being challenged

Buy Wipro Ltd For Target Rs.470.00 - Religare Sec

Wipro Limited (WIPRO)

WIPRO, after its failed attempt to cross the resistance zone around 510 level, has formed a fresh shorting pivot on daily chart. Any bounce should be utilised to create fresh shorts.

24/04/2017 4:20:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Se


* Cyient’s stock price rose 4.25% in Friday’s trade, while the BSE Sensex declined by 0.2%.

* Cyient’s 4QFY17 USD revenue rose by a strong 3.8% QoQ (+3.6% QoQ in CC terms), as all major segments of the company reported strong growth.

* The DNO segment saw a 3% QoQ USD revenue rise, ENGG grew by a str

24/04/2017 4:10:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Indian IT firms don't steal jobs, create them: Ravi Shankar Prasad

Indian IT companies, which conquered the world with their software skills, don't steal jobs anywhere in the world but create them, asserted Union IT Minister Ravi Shankar Prasad on Saturday.

"Indian IT companies do not steal jobs but create jobs, be it in the US or any other country. We are proud of their contribution in America and the world over," he said at an interac

Neutral On Tata Consultancy Services Ltd For Target Rs.2,400.00 - Motilal Oswal

Margin aspirations face a stern test

 Mirrors opportunities and concerns similar to INFO: Retail and BFSI dragged TCS’ 4QFY17 CC revenue growth to 1% QoQ (est. of +2%). Like INFO, TCS demonstrated strength in Communications, cited concerns in Retail and optimism in BFSI through the course of the year. We now model 8.2% CC revenue growth for

22/04/2017 12:27:39 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Infosys Ltd For Target Rs.1,250.00 - Motilal Oswal

* In 3Q, INFO narrowed its guidance band to 8.4-8.8% YoY CC, implying 4Q revenue growth of 0.3-1.8% QoQ (mid-point of 0.1%).

* In CC terms, our revenue growth estimate is 1% QoQ on the back of improvement in top clients after the sharp fall seen in 3Q and the RBS ramp-down being behind. Cross-currency tailwinds of 50bp would result in USD revenue growth of 1.5%.

* Given the

22/04/2017 11:18:10 AM | Posted in Broking Firm Views - Long Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Sec

Commendable Show on All Counts; FY18 Looks Encouraging

Cyient has delivered a strong show in 4QFY17 - on expected lines - with its USD revenue growing by a healthy 3.8% QoQ (3.6% in CC terms) to US$141mn. A healthy 3.3% sequential growth in Core Services business is a positive factor, in our view. While the DNO business grew by a good pace of 3% QoQ, t

21/04/2017 3:08:56 PM | Posted in Broking Firm Views - Long Term Report read full news
Mastek hits 52-week high on robust Q4

Shares of Mastek zoomed nearly 15 per cent, hitting 52-week high, on the Bombay Stock Exchange after Mumbai-based software firm reported a significant jump of over two-fold in its consolidated net profit after taxes (PAT) at Rs 14.45 crore for the fourth quarter ended March 31, 2017. Driven by strong Q4, shares of the company gained as much as 14.67 per cent to hit 52-week high of Rs 273.45 api

MindTree rises over 4% as operating profit beats estimates

Shares of MindTree soared over 4 per cent on the Bombay Stock Exchange after IT major’s operating profit grew at a faster-than-expected rate of 7.4 per cent on quarter-on-quarter basis at Rs 187 crore.

However, its consolidated net profit dipped 26.8 per cent to Rs 97.20 crore during the quarter ended March 31, 2017, compared to Rs 132.70 crore in the same quarter last year.

Wipro `sacks `hundreds of techies for non-performance

Global software major Wipro "sacked" at least 600-700 employees in fiscal 2016-17, ostensibly for non-performance or not rising to its expectations, said a company source on Thursday.

"Attrition takes place every quarter when employees leave voluntarily for various reasons or involuntarily when asked to go for non-performance or not measuring up to the expectations duri

Mastek Q4 net jumps over 2-fold; scrip hits 52 week high

Mumbai-based software firm Mastek Ltd on Thursday reported a significant jump of over two-fold in its consolidated net profit after taxes (PAT) at Rs 14.45 crore for the fourth quarter ended March 31, 2017, mainly on account of rise in revenue from operations.

“The consolidated PAT of the company stood at Rs 5.86 crore during the same period a year ago,” said Mastek Ltd in

TCS gets Oracle Integrated Cloud Partner of the Year award

Country's largest software exporter Tata Consultancy Services Ltd (TCS) on Thursday said it has been recognized by Oracle as its integrated cloud partner of the year in UK & Ireland.

In a filing to the Bombay Stock Exchange, the company said, “TCS wins Oracle Integrated Cloud Partner of the Year award in UK & Ireland.” Over the last 5 years, TCS has strategical

Mindtree fourth-quarter net profit plunges 27 percent, misses estimates

Information technology company Mindtree Ltd said consolidated net profit fell 27 percent in the fourth quarter hurt by a foreign exchange loss and fewer client additions.

The lower-than-expected profit came in at 972 million rupees ($15.04 million) for the three months ended March 31, marking the fourth consecutive quarterly profit decline.

Analysts on

Nucleus Software rises over 7% on share buyback plan

Shares of Nucleus Software rallied over 7 per cent on the Bombay Stock Exchange after IT solutions company said that its board will meet on April 25 to consider share buyback proposal.

“The board of directors of the company will be held on Tuesday, April 25, 2017, to consider the proposal of buy-back of fully paid up equity shares of the company, up to such amount of the aggrega