VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   The India Ratings and Research firm (Ind-Ra)  has released a report on the Indian IT services industry revealing that the outlook of  IT companies is expected to remain stable in H213 . The research firm expects revenue growth of select IT companies to exceed 10% YoY in H213 on 6%-7% rupee deterioration in Q213 as against 8% YoY revenue growth in the last four quarters. Ind-Ra also believes the US dollar appreciation will ease the expected pressure on EBITDA margins due to wage inflation for companies with a higher proportion of (India-based) offshore revenue. The weak rupee will help revenue growth, as the effect of translation increases the ability of IT companies to price better than global rivals. It will also make  India-based IT service companies  competitive and increase their chances of winning new and renewal contracts. While the current forex rate trend is positive for the IT sector, managing for...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Tata Communications has announced its financial results for the quarter ended December 31, 2011.Consolidated gross revenues were at Rs. 36,041 million in the quarter ended December 31, 2011as against Rs. 33,736 million in the previous sequential quarter and Rs. 30,180 million in the same quarter last year. The Core Business accounted for Rs. 31,648 million as against Rs. 29,079 million in Q2 FY2012 and Rs. 28,535 million in Q3FY2011. The Startup Business, primarily Neotel, posted revenues of Rs. 4,394 million in the quarter ended December 31, 2012as against Rs. 4,657 million in Q2 FY2012 and Rs. 1,645 million in Q3 FY2011. Vinod Kumar, CEO & MD, Tata Communications said, "We are very pleased to report a healthy improvement in the operating performance of the business. Global voice has demonstrated continued improvement in volumes and revenues. The company's global data business is scaling up as planned. Complementing our leadersh...