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 enterprise products maker, BlackBerry has cornered a segment of enterprise market of India with its range of security and mobile device management solutions. And, the company is now...

The social networking giant Facebook has been constantly working on broadening its platforms and businesses across the world, with mainly focusing on involving as many as participants as possible.&nbs...

The country’s leading IT service company TCS has been doing various changes in the top-level of its structure for past some months. It has been moving experts attributed to the requirement of cr...

It is not only innovation that happened in the technology region, but there are some other incredible things as well that happen here. And, one of them is expected to happen now, when we can see the l...

The Infosys chief Vishal Sikka is still continuing to empower the country’s second largest software firm with fetching talent from his previous company SAP, and this time it&rsquo...

The social networking giant Facebook has always contributed to social causes in its own ways, while constantly focusing on its business endeavours and innovations. 
 
Facebook ...

The latest project of the global software giant Microsoft has finally come out of the veil of secretive ‘Project Spartan’. Unveiling it, Microsoft has showcased the future web browser &lsq...

The global software giant Microsoft is one more giant to enter the ‘Make in India’ program, as the company is considering the manufacturing of handsets in India, influenced by the expensiv...

The Indian eCommerce giant Flipkart is constantly emphasizing on mobile commerce and is clearly planning shift to mCommerce from eCommerce. With this approach, the company has also acquired Appiterate...

This won’t be wrong to say that the young Indian firms, combining eCommerce companies, are going really ingenious for hiring. These companies are having a crack team for attracting key resources...
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:


 
 



 


 
Rohit Aggarwal, Founder & CEO, Koenig Solutions, talks abo..

Rohit Aggarwal

Founder & CEO , Koenig Solutions

Rohit Aggarwal, Founder & CEO, Koenig Solutions, talks about future technologies

 

Dr A S Prasad

Head - Product & Marketing , Emerson Network Power, ..

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

Shaifali Agarwal

Co-Founder , EASYFix

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

 


 
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.