Adobe’s Digital Marketing segment is its strong pillar of growth
The Digital Marketing segment of Adobe (ADBE) provides solutions and services for creating, managing, and executing advertising and marketing initiatives.
Looking ahead for Indian-Focused Funds
All five India-focused funds have their highest individual sectoral exposure to financials. As reported in the news, 2015 has been a year of global economic stress.
Which Sector Has Attracted the Most FDI This Year?
Cumulative data of FDI inflows since April 2000 show the services sector has received 17% of the total FDI inflows in India.
Assessing Financials: The Major Holdings in Indian Funds
Financials are the major holdings in Indian funds The three funds in this review—the ALPS Kotak India Growth Fund (INDAX), the Matthews India Fund (MINDX), and the Wasatch Emerging India Fund (WAINX)—provide investors access to Indian equities. The financial sector represents most of these funds’ respective portfolios, according to their latest releases. As of June […]
Are Prime Minister Modi’s Reforms Boosting FDI in India in 2017?
The implementation of the Goods and Services Tax (or GST) is expected to boost India’s medium-term economic growth above 8%, according to government data.
Your Strategy for Asia Ex-Japan Mutual Funds
Asia ex-Japan countries such as China and India saw poor equity market performance in 2015, but Indian equities could be back on track in the medium term.
Public or Private Spending: What’s Driving Infrastructure Growth?
The private sector is lagging as compared to others regarding projects awarded. The public sector projects far outnumber both the private and PPP projects.
India’s Healthcare Sector Has Stolen the Show in 2015
Due to the healthcare sector’s evergreen nature, the S&P BSE Healthcare Index has been able to provide a healthy return amid slowdowns in other sectors.
Not a Good 1Q16 for Indian Stocks, but Is the Tide Turning?
Indian stocks had a great March. The rebound began after the Union Budget announcement on February 29. The fiscal discipline shown by the government raised hopes that the Reserve Bank of India may reduce interest rates.
Analyzing the Historical Returns of 5 India-Focused Funds
Within the last six years, 2009 was the best year in terms of returns for all three funds in existence then.
What Caused Cognizant’s Shares to Rise 30% to Date in 2015?
Cognizant’s strong revenue growth, stable financial position with reasonable debt, and growth in EPS caused its stock price to rise in 2015.
How India’s April Repo Rate Cut Will Affect Borrowers
Even before the repo rate cut on April 5, the RBI reduced its key rate by 125 basis points since January 2015.
Why has Adobe partnered with Wipro?
On September 12, Wipro and Adobe entered into a premier partnership. Wipro is a leading information technology, consulting, and business process services company.
Accenture Sees High Return on Equity in 2Q15
Accenture’s interest coverage ratio looks comfortable, due to low debt levels and to the fact that its operating margin has been expanding steadily.
The Chinese Yuan and India’s Monetary Policy
India’s exports are already facing weakening worldwide demand. The Chinese yuan devaluation could further hurt Indian exports, weakening the Indian rupee.
IBM’s Revenue Fell for Several Quarters
Revenues for IBM fell 2.3% from $106.9 billion in fiscal 2011 to $104.5 billion in fiscal 2012. Revenues further fell 5.9% YoY in fiscal 2013 to $98.4 billion.
Wipro Trades below Moving Averages in August
On August 28, Wipro closed the trading day at $11.83. That was 13% below its 100-day moving average, 05% below its 50-day moving average, and 15% below its 20-day moving average.
Why Has Infosys Stock Fallen 14% Today?
Infosys (INFY) shares have fallen 14% today. The pullback means that the company has risen 3.8% year-to-date. The stock has traded flat in the last 12 months.
A Look at Cognizant’s Focus on Digital Transformation
To lead the global digital transformation effort, Cognizant (CTSH) is providing solutions to transform businesses’ operating and technology models.
IBM’s Consulting Unit Drives Growth in Its Services Business
IBM’s (IBM) Global Business Services segment comprises its Consulting, Global Process Services, and Application Management sub-segments.
Accenture Bets on Acquisitions to Secure Its Future
Accenture’s revenue increased 7.0% YoY to $10.6 billion in the first quarter of fiscal 2019.
Chinese and Indian Indexes Fall as Trade Talks Resume
On Tuesday, US and Chinese officials resumed trade talks over the phone days after they announced a trade truce.
A Look at Accenture’s Latest Returns and Valuation
Accenture has made a strong comeback this year after losing over 10.0% of its market value in 2018.
Better Late than Never: Indian Indexes Join the APAC Party
After trading flat on June 19, Indian indexes finally looked up. The benchmark S&P BSE Sensex gained 1.25%, while the NSE Nifty 50 rose 1.2%. For both of the indexes, most sectors were trading in the green on June 20.
Indian and Indonesian Indexes Stay Steady, but Taiwan Index Falls
Just like some of the other Asian indexes, Indian indexes closed almost flat today. The S&P BSE Sensex lost four basis points, while the NSE Nifty 50 gained seven basis points.
India Markets Face These Headwinds
The key driver behind the rise in Indian markets this year has been expectations that the current Narendra Modi led government will be voted back to power this year.
Analysts Expect Cognizant’s Revenue to Rise in Fiscal 2018
Analysts expect Cognizant’s EBITDA to rise 5.2% in fiscal 2018, 15% in fiscal 2019, and 11% in fiscal 2020.
Will India’s Low Inflationary Trend Sustain in 2H17?
Consumer prices in India (INDY) rose 1.5% year-over-year in June 2017, slowing sharply from their 2.2% rise in May 2017.
Inside India’s Inflation in May 2017
Consumer price inflation in India stood at ~2.2% on a YoY (year-over-year) basis in May 2017, as compared to its 2.99% rise in April 2017.
Is Inflation in India Approaching Its Target Range in 2017?
Consumer prices in India (EPI) increased ~3.0% on a year-over-year basis in April 2017, compared to an ~3.8% rise in March—well below its market expectations.
Why Elliott Management Wants Cognizant to Increase Its Shareholder Value
Cognizant’s annual revenues of $13 billion, with its annual cash flow of $1 billion and balance sheet of $4 billion, should help with shareholder returns.
India’s Financial Markets Fell Due to Demonetization
The two benchmark equity indices—the Nifty 50 and the S&P BSE Sensex—fell each trading day since the demonetization except for November 10 and November 22.
Will Demonetization in India Impact Your Loan Burden?
Banks saw a rise in term deposit accounts since the demonetization. As a result, commercial banks sharply reduced their deposit rates.
RBI Cut the Repo Rate: Will More Rate Cuts Follow?
Due to the expected fall in inflation, the RBI will likely undertake more cuts in the repo rate. These rate cuts will aim to boost consumption.
Will Demonetization Impact India’s Inflation?
The demonetization that has been in effect since November 9 is expected to have a negative impact on inflation. Consumer spending activity almost stopped.
Why Did Everest Group Name Cognizant as a Leader in Digital Services?
In early October 2016, Everest Group named Cognizant (CTSH) as a “Leader” and “Star Performer” in the Digital Services business segment.
Why the RBI Feels that Monetary Policy Transmission Can Improve in India
Importance of policy transmission Monetary policy transmission refers to the translation of monetary policy actions into the financial system via banking and trading channels. By changing the short-term interest rate—like the repo rate in India or the federal funds rate in the US—a central bank signals other banks to change their lending and deposit rates. […]
How Did Accenture’s Business Segments Perform in Fiscal 4Q16?
Accenture’s (ACN) revenue rose 8% YoY (year-over-year) in fiscal 4Q16, which represents the firm’s tenth consecutive quarter of strong revenue growth.
What Are Cognizant’s Other Strategic Initiatives?
Cognizant’s (CTSH) second strategic initiative is to improve productivity and effectiveness in core transaction processes of enterprises.
Efficient Policy Transmission in India Concerns the RBI
“Policy transmission” refers to the translation of monetary policy actions into the financial system through the banking and trading channels.
Barring External Demand, India’s Economy Looks Solid
In its August 2016 monetary policy statement, the RBI (Reserve Bank of India) sounded positive about growth in India’s economy going forward.
Can Indian Corporate Earnings Take a Turn for the Best?
Are Indian corporate earnings likely to turn around? Earnings have been flat since late 2014.
Food Prices and Monsoon Season: Crucial for India’s Rate Policy
Along with the CPI (consumer price index), India’s Central Statistics Office publishes the CFPI (Consumer Food Price Index). The CFPI accounts for 47% of the overall CPI.
What Are Analysts’ Recommendations for Teradata’s Stock?
Teradata’s stock price movement during the past month has largely been positive. As of May 9, the company’s stock has risen ~12.8%.
Analyzing Teradata’s Value Proposition in the IT Consulting Space
Teradata was trading at a forward EV/EBITDA multiple of ~6.0x on May 9, 2016.
China Takes a Breather as India Drives Growth in Asia
Even though the ADB (Asian Development Bank) slashed its economic growth projection for India for this year to 7.4%, the pace remains very healthy.
Economic Growth in India is Strong, but Exports Are Hurting
Data released by India’s CSO (Central Statistics Office) in February 2016 shows that economic growth in India, as measured by its GDP, is expected to be 7.6% in the financial year 2015–2016.
Wipro, Oh No: Stock Has Traded Below Moving Averages in 2016
India’s (INDA) tech giant Wipro (WIT) generated investor returns of -7.5% in the trailing-12-month period and -7.7% in the trailing-one-month period.
Understanding The Eaton Vance Greater India Fund Portfolio
Compared to other India-focused funds, ETGIX has a small portfolio, comprising only 33 holdings. As of September 30, 2015, the top ten holdings of ETGIX formed 46.8% of the portfolio.
Fundamentals Are Improving for the Rupee, but Risks Are Prevelant
Looking at the emerging market basket, the Indian rupee is expected to outperform its peers in 2016. The depreciation in the yuan also played its part.
Societe Generale Raises Rating for Infosys, Zachs Downgrades
Societe Generale raised its rating of Infosys from “sell” to “hold” in September. Susquehanna gave the firm a rating of “neutral.”
How Indian Brokerage Houses View the Domestic IT Sector in Fiscal 3Q16
On January 3, Religare Institutional Research projected that revenues of large-cap IT sector firms in India could grow between 0.3%–1.1% QoQ in fiscal 3Q16.
How Do Banks View the Indian Infrastructure Sector?
Infrastructure companies are normally highly leveraged. A highly leveraged company has a higher dependence on debt from banking and financial institutions.
Why Sales Growth in India’s Infrastructure Sector Is Dwindling
The sales growth in three major infrastructure sectors has fallen sharply in the first two quarters of fiscal 2016.
Why Distress Signals Are Coming from Indian Infrastructure Stocks
In this article, we will look at how stocks of some major Indian infrastructure companies have performed in the last year.
Understanding India’s Infrastructure Sector
The NDA (National Democratic Alliance) government came to power in May 2014. With big promises of development, the party aimed to push major reforms to help speed up India’s recovery process.
How Fundamentally Strong Is Accenture after 3Q15?
Accenture has a current ratio of 1.36x, lower than the industry median of 2.03x. ACN’s quick ratio is 1.36x, also lower than the industry median of 1.92x.
Is the Reserve Bank of India Anticipating a Rate Hike by the Fed?
The RBI (Reserve Bank of India) didn’t lower the interest rate in its bimonthly review on December 1, 2015. The RBI kept the policy repo rate unchanged at 6.8%.
What Led to the Euphoria around India’s Construction Sector?
According to the Indian government’s estimates for the five years from 2006–2007 to 2010–2011, the construction sector contributed 8% to India’s GDP.
Comparing the SG&A Expenses of Accenture, IBM, and Wipro in 3Q15
In 3Q15, the selling, general, and administrative expenses for Accenture rose to $1.41 billion from $1.38 billion in 3Q14 and $1.36 billion in 3Q13.
Which Sectors Will Benefit from the FDI Reforms?
India’s FDI reforms are expected to boost foreign investment in major sectors including the construction, retail, defense, banking, agriculture, and aviation sectors.
Healthcare Boosted Cognizant’s Revenue in 3Q15
Cognizant’s Healthcare segment grew more than 43.3% to $939.2 million in 3Q15 due to TriZetto. It expanded the company’s offerings in the healthcare space.
How Does Syntel Compare to Its Peers?
The SPDR Russell 2000 Low Volatility ETF (SMLV) invests 1.4% of its holdings in Syntel.
Teradata Trades below Moving Averages in October
Teradata generated investor returns of -30.2% in the trailing-12-month period and -4.7% in the trailing-one-month period.
Rackspace Will Offer Its Cloud-Segment Expertise to Amazon
Rackspace announced an agreement to offer tools, application management, expertise, and operational support to customers on the Amazon Web Services cloud.
Assessing the Multiples and Dividend Yields of Key Indian Stocks
The Indian market’s PE and PBV multiples were lowest in fiscal 2013. The dividend yield was best in fiscal 2013.
Did the Reserve Bank of India Reduce Borrowers’ Loan Burden?
The pass-through of the rate cuts by banks to the general public is an important concern for the Reserve Bank of India.
Overview: Last 5 Years of Foreign Portfolio Investment in India
India’s fiscal 2013 was the lowest in terms of market capitalization in the past five years. However, the foreign portfolio witnessed an impressive growth of about 80% in fiscal 2013 over the previous year.
Why the Reserve Bank of India Cut the Repo Rate So Drastically
Though there were expectations for a repo rate cut, a reduction of 50 basis points did not seem to be on everyone’s radar.
Cognizant Tops Peers Like Accenture in Revenue Growth per Share over Past 12 Months
In the past 12 months, Accenture’s revenue growth per share has increased by 7.8%, while Cognizant’s has increased by 17.6%.
Accenture’s Recent 3Q15 Earnings Report Reveals Flat YoY Revenues
Accenture reported 3Q15 revenues of ~$8.28 billion, compared to $8.24 billion in 3Q14. Its gross profits for 3Q15 were $2.52 billion, a 0.43% YoY decline.
Foreign Direct Investment in India Up 61% since Last Year
It appears that Modi’s trips abroad are working, and that his schemes and plans have attracted foreign direct investment into the country.
Why India’s services sector increased its share in GDP
According to data for fiscal year 2013, the financing, insurance, real estate, and business services segment had the largest share. It contributed over 19% to the overall GDP.