Latest Updates Around The World
ET Intelligence Group: Will Indian software companies rise to the challenge posed by new models of artificial intelligence (AI) that are transforming the way business solutions are implemented and delivered to customers? While the jury is still out, one thing is clear: domestic software exporters are far from unprepared. Both large and mid-sized IT companies […]
Indian IT companies are tightening their payment cycles, with days sales outstanding (DSO) improving from around 73-75 days to around 67-68 days in the last six quarters, according to industry estimates. Analysts say faster cash-raising cycles could potentially enable faster reinvestment in areas like AI, bonus payouts and dividend payments. The DSO metric measures how […]
American Depository Receipts (ADRs) from Infosys fell more than 2% in early American trade to a low point of $ 16.66, while Wipro ADRS dropped 1.3% to $ 2.68, after Accenture reported his win in the fourth quarter earlier today. The results of Accenture, often seen as a harbinger for the wider IT sector, defeat […]
Founder and fund manager Samir Arora of Helios Capital said that he does not see any material impact of the H1-B Visa Executive Order of US President Donald Trump on Indian IT companies, estimating the hit could be 5% or less. However, he advised domestic technology companies to clearly communicate how they respond to the […]
A perfect storm is brewing for the software giants of India Inc. Although with a weak question, poor profit growth, AI threats and the American Hire Act, US President Donald Trump, struggled another blow by beating a crushing $ 100,000 allowance on new H-1B visa applications that can defeat the margins with 50-150 basic points. […]
