Disappointing TCS, HCL numbers leave IT defenceless

Tata Consultancy Services and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years, amid investor concern over growth prospects after the financial performance of both software exporters in the September quarter missed analysts’ expectations.

http://economictimes.indiatimes.com/tech/ites/disappointing-tcs-hcl-numbers-leave-it-defenceless/articleshow/44864835.cms

India : Tech giants glow pink again as key markets edge back to normal

TAG indexIndia’s information technology sector, after what seems like years, is back to where it once was: optimistic about the future.  The Big Four of India’s software-led services industry that includes business process outsourcing (BPO) pleasantly surprised the markets this month with solid results for the January-March quarter. All four — Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies — showed numbers that were better than analyst expectations that dispelled concerns about persisting worries in advanced economies affecting their business.

http://www.hindustantimes.com/business-news/tech-giants-glow-pink-again-as-key-markets-edge-back-to-normal/article1-1209764.aspx