Cognizant Predicts Relatively Slower Growth in 2013
Added On:12/6/2012 9:04:00 AM

This might not sound great to the Indian Information technology sector but Cognizant Technology Solutions has hinted a slightly slower growth rate in the next year.  This, in turn, is likely to impact Indian IT shares.

 “Cognizant's growth expectations imply an 8-14 percent growth at best for Indian IT services exporters,” added brokerage CLSA.

The upsurge projected by company is 20 percent lower in comparison to the year 2012. Industry experts said that, “Cognizant's earnings outlook is a bellwether for the earnings of other Indian IT firms.”

In contradiction to the above, Kishore Ostwal, chairman of CNI Research added that "This is just a knee-jerk reaction. With the rupee at 55 levels, the third-quarter earnings cannot be bad for the IT sector."

According to Nasscom, the industry regulatory body, Indian IT services exports are expected to grow at 11 per cent, that is a bit down from what was earlier anticipated being 11 to 14 per cent during the fiscal year 2013. Infosys and Wipro are expected to grow at slower pace during the same period. Whereas HCL Technologies and Tata Consultancy Services, are expected to reach new heights.

Check out latest news on itvoir.com.



Tags: Cognizant, Nasscom, Indian IT Services, IT Services, Latest News, IT News, IT Service, Infosys, Wipro
  


News Archive - News
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15    Older>>  

The internet giant Google has been constantly endeavouring to discover newer ways of offerings to customers and eventually, find unconventional ways of revenue generation. And, here it is planning to...

The global vendor of personal computers, Dell has marked the top position with the shipments and sale of personal computers, workstations and notebooks in the December ending quarter of 2014. 

The world’s smartphone leader, Samsung seems to be learning from none other than its newly risen rival Xiaomi to help its business stay competitive and ahead in the league. 
 

The second largest IT company of the country is all set to ignite business by start-ups, as the company is planning to allocate a quarter of its $500 million fund for the investments in start-ups acro...

Highly influenced by the vigorously expanding online fashion market of the country, Amazon is strategizing its moves to be competitive and win the league in its own way. 
 
With th...

The ‘Internet of Things’ is undoubtedly the next place for business, for technology and also for our lifestyle. And the makers have already begun their moves towards it. 
 <...

The social networking giant Facebook is constantly endeavouring to broaden its business wings and has been striving to invade to almost every part of the internet focused business. 
 

The country’s leading IT company, TCS has appointed Dinanath Kholkar to succeed Abid Ali Neemuchwala and head the global BPO business division of the company. 
 

The Indian eCommerce is an unbeatably burgeoning industry at present. And, there are a lot of aspirations and expectations arising from this region. However, the ruler of Indian eRetail is still the f...

The country’s third largest tech firm Wipro has appointed IBM and TCS veteran Natarajan Srinivasan to head the global wing of SAP. This is at the time when CEO TK Kurien is planning determinedly...
Top
Tags

Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.

Computer Vendors In India 
Computer Vendors In India - Delhi [Delhi]
Computer Vendors In India - Chandigarh [Punjab]
Computer Vendors In India - Mumbai [Maharashtra]
Computer Vendors In India - Banglore [Karnataka]
Computer Vendors In India - Agra[Uttar Pradesh]
Computer Vendors In India -Chennai[Tamil Nadu]
Computer Vendors In India - Kolkatta [West Bengal]
Computer Vendors In India - Kochi [Kerela]
Computer Vendors In India - Nagpur [Maharashtra]
Computer Vendors In India - Gurgaon[Haryana]
Follow us on:


 
 



 


 
Dr A S Prasad, Head - Product & Marketing, Emerson Network..

Dr A S Prasad

Head - Product & Marketing , Emerson Network Po..

Dr A S Prasad, Head - Product & Marketing, Emerson Network Power, India

 

Shaifali Agarwal

Co-Founder , EASYFix

Shaifali Agarwal, Co-Founder, EASYFix, talks about a ..

Naresh Padhee

Founder & CEO , QCS Communication Techn..

Naresh Padhee, Founder & CEO, QCS Communication Techn..

 


 
SanDisk Global Product Launch_Hon Wai Cheah Gavin Wu and Manisha Sood unveiling the new product rangeIntel India announced the launch of Intel Future Scientist program in the state of KarnatakaPuneet Chadha, Director GSB, HP-IPG & Siddharth Malhotra, Director Arun&Rajive Pvt. Ltd. - unveiling the HP Wall ArtSeagate Back-up Plus Launch – (L-R) Mr. Futoshi Nizuma, Mr. Benshen Teh, Mr. Nermount Hoh and Mr. Rajesh Khurana unveiling the new product. Toshiba launches AOC TV appoints Ms. Kalki Koechlin as the Brand Ambassador; showcases new range of LCD & LED TVsFujitsu Launches two new Ultrabooks, LIFEBOOK    UH572  and LIFEBOOK    U772 in India. Asus associates with Intel and Microsoft launches mainstream Ultrabooks S Series and Thin and Light notebooks F series. L- R Mr. Unaez Quraishi, Sales, Mr. Alex Huang, MD,  System business Group, Asus India, Mr. Sumeet Gugnani, Director - Multinational Accounts, Microsoft India - Mr. Sandeep Aurora, Director of Marketing, Intel South Asia.