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>>  

Globally known for doing things differently every time, the internet giant Google is once again preparing to broaden its platform further ahead by invading the telecom region. 
 
G...

The one of the leading telecom company in India, Vodafone has undergone a major re-structuring within the company, at its India’s wing, to further empower its focus on the Indian market. 

After a lot of rumours being circulated and much criticism being received for the previous windows OS version, the global software giant has unveiled its next, revitalized and advance version of opera...

The constant layoffs, re-structuring and the constantly rising effect of ‘automation’, are making noise everywhere, as it is happening and creating reports across the IT and tech industry...

The leading phone messaging application having largest user base among messaging apps, WhatsApp is undergoing a re-vitalization to achieve a whole new presence and broaden its limits. 
 ...

Nowadays, the tech companies are moving toward ‘automation’, which appears to them as an opportunity for a better future, but it is perceived as a rising threat among the masses. However,...

The Indian eCommerce industry is expanding with no defined limits and hence, the players of this race are constantly discovering newer ways to stay competitive, but all those strategies still remains...

The globally leading software giant Microsoft has been ruling over computers since ages with its incomparable operating systems. But, the last version of Windows 8 and 8.1 has been widely rejected and...

With focusing more on the world’s fastest growing smartphone market, Xiaomi is all set to launch its 4G device in India in the later this month. The third largest smartphone maker of the globe i...

At this time, when the organizations are endeavouring to empower themselves with better talent and energy, some of tech giants are throwing out the old talent, while some others are strengthening and...
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:


 
 



 


 
Alok Chawla, founder of Gizmobaba.com, talks about online ..

Alok Chawla

Founder , Gizmobaba.com

Alok Chawla, founder of Gizmobaba.com, talks about online electronics marketpl..

 

Gautam Rege

Co-founder & Managing Director , Josh Software

Gautam Rege, Co-founder & Managing Director, Josh Sof..

Sundeep Misra

Co-Founder & Vice Chairman , VMC Technologies

Sundeep Misra, Co-Founder & Vice Chairman, VMC Techno..

 


 
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.