IT
IT sector sees early signs of demand stabilisation but visibility into CY26 remains poor: Goldman Sachs
The information technology (IT) services sector in India is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains weak, noted in a report on India's IT services by Goldman Sachs.
No cellphones, no potbellies: Old Infosys canteen video sparks 1990s nostalgia online
The clip, posted on X by a user, shows young employees chatting over lunch and laughing. “Footage from Infosys canteen, Bangalore in the 1990s. Almost everyone in this is probably a multi-millionaire and settled abroad today,” said the caption. The video has since been viewed over four million times.
Tech majors keep count up despite one outlier
India’s top IT firms added just under 1,000 jobs in Q2FY26, a sharp slowdown driven by TCS’s major headcount cut. While TCS shed nearly 20,000 roles, others hired over 20,000, focusing on freshers and AI talent. Experts say the industry is reshaping teams to balance cost, skill and future tech needs.
LTTS reports 2.8% year-on-year rise in net profit
The Mumbai-headquartered company’s revenue jumped 15.8% YoY to Rs 2,979.5 crore, up 4.0% quarter-on-quarter (QoQ), backed by growth in key regions of North America, Europe and India while degrowth in the ‘rest of the world’ region.
Staggered pay hikes in IT industry are the new normal: LTIMindtree CEO
LTIMindtree, on Thursday, announced that it is modifying its wage-hike cycle. Instead of one annual wage hike, which typically occurs in April-June quarter, raises will be split across two quarters. Half of the employees will get hikes effective January 1 and the other 50% on April 1.
Latest batteground: IP rows the new risk for Indian IT firms in US
Beyond the courtroom, this dispute underscores a broader industry transformation, industry observers say. In recent years, Indian IT majors such as Infosys and Cognizant have faced legal challenges over alleged misuse of proprietary technology or breach of software licensing terms.
Infosys beats street, Q2 net rises 13% to Rs 7,364 crore
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%.
Wipro net up marginally in Q2
As uncertainties on discretionary spending continues, the Bengaluru-based software services exporter improved its guidance marginally from the previous quarter. For the third quarter ending December, Wipro projects revenue to be in the range of $2.5 billion to $2.6 billion, translating into a sequential (-)0.5% to +1.5% growth in constant currency (CC) terms.
LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore
The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.
Infosys headcount grows by 14,203 on-year
Infosys added 8,203 employees in Q2FY26, its fifth consecutive quarter of headcount addition. Its smaller peer HCLTech, which revised its services revenue growth guidance to 4-5% from 3-5% on Monday, also added 3,489 employees in the September quarter. Tech Mahindra added 4,197 employees over the previous quarter.
