Nasscom may forecast lower growth for the software services sector in the next financial year as the it grapples with macroeconomic uncertainty and currency volatility.
Revenue for the quarter ended December rose 0.4 per cent to $1,015 million. In constant currency, revenue rose 1.2 per cent.
Indian IT industry expected to grow within predicted range of 12-14% for FY16 in constant currency terms
IT industry is expected to grow within the predicted range for FY16 in constant currency terms, even after a slowdown affected some of the larger companies in the sector.
The company said that over 700 employees from ISGN’s BPO division in the US and India will join FirstSource through this acquisition. The terms of the deal were not disclosed.
GSTN is holding an ecosystem workshop in Bengaluru for startups to help them use its APIs to connect to the GST system.
Negative pin codes are regions of the country in which ecommerce companies do not deliver as they fear being cheated or their delivery boys robbed.
The unit, which is going to the market under the name Enterprise Business Services, currently clocks annual revenue of about Rs 50 crore.
EPS has raised an initial $25 million in from UK-headquartered Apis Growth Fund, to fund the expansion of its ATM network and acquisition plans.
Zensar Technologies’ third-quarter revenue contracted 1.4% sequentially, and revenue contribution from its top ten clients dropped in the seasonally weak period.
For the third-quarter ended December 31, Mindtree’s revenue rose 2.3% sequentially to $184.4 million. However, profit after tax fell 5.9% sequentially to $22.8 million.
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