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>>  

According to recent report released by WhatsApp, the leading messaging application is continuing to expand its user base with an astounding pace. 
 
The application not has crossed...

The globally renowned mobile manufacturers, Google and HTC are all set for a renewed collaboration deal. 
 
The two enterprises earlier came together for the wo...

The second largest mobile phone company in India, Micromax has begun manufacturing and developing handsets in India at the Rudraprayag facility in Uttarakhand state. 
 

The giant Microsoft has collaborated with HP and Pearson for launching tablets aimed at higher educational students of engineering and management subjects. 
 
The th...

As the Nokia – Microsoft $7.2 billion deal is reportedly about to conclude by this week, the Chennai plant can be turned into a contract manufacturing facility.&nbs...

Creating a benchmark for Indian IT industry, the country’s leading IT service provider, TCS has entered the league of top 10 global IT service companies. TCS has upraised from its...

Despite of the plans for hiring massive 170,000 workforces this year, the IT sector is endeavouring to position itself as an industry that would require niche skill workers and not and only mass-scale...

The struggling phone maker, HTC is expecting to reverse its global losses with taking advantage of vigorously emerging smartphone market in India. The Taiwanese phone maker is hoping to...

According to recent reports, HTC can consider acquiring Nokia’s Chennai plant that the Nokia is reportedly planning to desert. It will be possible in case, the plant would be placed fo...

The global market of smartphone applications processor is expected to observe a 10.8% CAGR in revenues by 2018 to achieve $30.0 billion by the end of 2018. The report has been released by Handset Comp...
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:



 
 



 


 
Mr. Harish, Country Manager, India, ComGuard Infosol, talk..

Harish Rai

Country Manager, India , ComGuard Infosol

Mr. Harish, Country Manager, India, ComGuard Infosol, talks about the company

 

Rajesh Gupta

Country Manager, India , SanDisk

Rajesh Gupta, Country Manager, SanDisk India, talks a..

AMbarish

Founder & CEO , Knowlarity Communication

Mr. AMbarish said, "We're very bullish about the oppo..

 


 
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.