BSOFT

** Birlasoft BIRS.NS shares drop 4.7% to 400.90 rupees

** BOBCaps downgrades tier II IT services provider to "sell" from "hold", cuts PT from 402 rupees to 342 rupees

** Brokerage's PT lowest among 11 analysts; median PT at 448 rupees - data compiled by LSEG

** BOBCaps calls BIRS "weakest Q4 performer" among tier II IT firms that include Persistent Systems PERS.NS and Mphasis MBFL.NS

** Says BIRS' weak FY26 start and subdued deal wins would mean flattish revenue; flags co's high risk to discretionary spends

** Q4 revenue was below its estimates, hurt by extended furloughs and project ramp downs - BOBCaps

** BIRS, MBFL "buy"; PERS "hold" - avg ratings per data compiled by LSEG

** YTD decline - BIRS 28%, PERS 13%, MBFL 10%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

March 13 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT LTD - GETS TAX PENALTY OF 4.1 MILLION RUPEES

Source text: ID:nBSE9SK7hf

Further company coverage: BIRS.NS

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Feb 11 (Reuters) - Birlasoft Ltd BIRS.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.17 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.63 BILLION RUPEES

Source text: [ID:]

Further company coverage: BIRS.NS

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Jan 13 (Reuters) - Birlasoft Ltd BIRS.NS:

• ACHIEVES CMMI V3.0 LEVEL 5 CERTIFICATION

Source text: ID:nBSE7PqBX3

Further company coverage: BIRS.NS

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Jan 8 (Reuters) - Birlasoft Ltd BIRS.NS:

• GETS TAX PENALTY OF 3.8 MILLION RUPEES

Source text: ID:nBSE1hF3Wy

Further company coverage: BIRS.NS

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Jan 7 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT - RECOGNISED AS SUPPLIER ON UK G-CLOUD 14 FRAMEWORK

• BIRLASOFT - TO OFFER CLOUD SUPPORT AND TESTING SERVICES

Source text: ID:nBSEbLPJFP

Further company coverage: BIRS.NS

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** Shares of Birlasoft BIRS.NS drop 3.7% to 578 rupees

** IT services provider's Sept-quarter consol net profit fell 12% y/y due to a 9% jump in total expenses

** Rev from ops grew 4.5%

** Stock eyes busiest trading day in 18 sessions, more 4.6 mln shares changed hands

** Analysts' avg rating on stock is "Buy", median PT is 682.5 rupees - LSEG data

** Stock down ~20% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Oct 23 (Reuters) - Birlasoft Ltd BIRS.NS:

• DIVIDEND OF 2.5 RUPEES PER SHARE

• SEPT-QUARTER CONSOL NET PROFIT 1.28 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.68 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BIRS.NS

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** State Bank of India SBI.NS, Bajaj Auto BAJA.NS, JSW Steel JSTL.NS, BPCL BPCL.NS among 25 stocks eligible for same-day, or T+0, settlement, Bombay Stock Exchange says

** Ambuja Cement ABUJ.NS, Tata Communications TATA.NS, Birlasoft BIRS.NS, Bajaj Auto and Indian Hotels IHTL.NS up between 2% and 3.8%


Here are the 25 stocks eligible and whether they are a Nifty 50 .NSEI or Sensex .BSESN member:

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

By Divya Chowdhury and Savio Shetty

DAVOS, Switzerland Jan 17 (Reuters) - Wipro is feeling a "bit more" optimistic about its next financial year as clients spend more on artificial intelligence (AI) to reduce operating costs, the head of the Indian IT firm's Americas 2 business told Reuters on Wednesday.

"Most client conversations are about cost-saving efforts and there is a conversation every time about AI," Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland.

"Many of them are still transforming to cloud and now they recognise the advantage of AI and add components to improve productivity."

Americas 2 encompasses banking, insurance and Canada, and accounted for around 30% of Wipro's overall revenue in October-December, the third quarter of its financial year.

Wipro, India's fourth largest IT firm, is having a tough year. Last week it forecast constant currency revenue this quarter within a range of down 1.5% to up 1.5%, indicating full-year revenues could fall for the first time in three years.

In the same interview, Americas 1 CEO Srini Pallia said 2024 would be the "pivotal year" for clients implementing generative AI technology, adding growth in the AI category would probably resemble the hockey stick-shape forecast by analysts at Gartner.

Americas 1 covers retail, healthcare, transportation and Latin America, and accounts for nearly a third of Wipro's revenue.

The Times of India this month reported that three internal candidates, including Pallia and Dann, were being groomed to succeed Wipro CEO Thierry Delaporte.

Pallia dismissed this as "speculations".

Asked about Wipro's lack of $500 million-plus mega deals this fiscal year, Pallia said some large outsourcing contracts were broken into smaller contracts won by several IT firms, adding the company had a "good pipeline".

Wipro's Chief Growth Officer Stephanie Trautman, who headed the large deals team, resigned in December.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/3TN7SHH)

(Reporting by Divya Chowdhury in Davos and Savio Shetty in Mumbai
Additional reporting by Sai Ishwarbharath B in Bengaluru
Editing by Mark Potter)

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Jan 2 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT APPOINTS MANJUNATH KYGONAHALLY AS CEO FOR REST OF WORLD REGION

Source text for Eikon: ID:nNSE140Kz

Further company coverage: BIRS.NS

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** Shares of tech services provider Birlasoft BIRS.NS extends record run after HDFC Securities (HSIE) raises PT to 800 rupees, a Street high - LSEG

** HSIE's PT at an implied upside of ~14% to co's closing price on Thursday

** BIRS currently up 2.5%, on track for 13th winning streak

** Stock hit record high in early Dec., has been scaling new peaks since then

** Recovery in life-sciences vertical and lower sub-contracting expenses to help Birlasoft's margins between FY24-26 - brokerage

** Trading volume more than twice the 30-day moving avg

** Avg rating of 12 analysts on BIRS, excluding HSIE, at "buy"; median PT is 620 rupees vs current price of 717.65 rupees - LSEG data

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of Birlasoft Ltd BIRS.NS rise as much as 6.5% to 583.30 rupees, their highest since Jan 11, 2022

** Co late on Tuesday reported a 26.1% rise in Sept-qtr consolidated profit to 1.45 bln rupees ($17.42 mln)

** Co said growth during Q2FY24 was driven by banking, financial services and insurance (BFSI) and manufacturing among verticals, and by emerging tech among service lines

** Qtrly consolidated rev from ops grew 9.9% to ~13.1 bln rupees

** More than 7.6 mln shares traded, 3.4 times their 30-day moving avg

** Nine of 12 brokerages rate the stock "buy" or higher and 3 "hold"; their median PT is 600 rupees - LSEG data

** BIRS stock up 93.9%, YTD

($1 = 83.2600 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Oct 31 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT LTD - DIVIDEND 2.5 RUPEES PER SHARE

• INDIA'S BIRLASOFT SEPT-QUARTER CONSOL NET PROFIT 1.45 BILLION RUPEES VERSUS PROFIT 1.15 BILLION RUPEES

• BIRLASOFT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.1 BILLION RUPEES VERSUS 11.92 BILLION RUPEES

Source text for Eikon: ID:nBSE6VwXG8

Further company coverage: BIRS.NS

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** Shares of IT services firm Birlasoft BIRS.NS rise 2.32% to 485.9 rupees, their highest since April 12, 2022

** Nomura analysts say strong enterprise resource planning practice and evolving digital capabilities makes BIRS well positioned to capture IT demand

** Brokerage expects BIRS to report revenue CAGR of 14.1% over FY24-26

** Around 2.5 mln shares traded as of noon IST, 0.7x the 30-day avg

** Stock above 50-, 100- and 200-day exponential avgs since May 10

** Relative strength index (RSI) above 70 for the fifth straight day, indicating stock is overbought

*** Average rating of 13 analysts close to equivalent of 'buy'; median PT is 457.50 rupees - Refinitiv

** Stock up ~62.5% so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

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July 27 (Reuters) - Birlasoft Ltd BIRS.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.38 BILLION RUPEES VERSUS PROFIT 1.21 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.63 BILLION RUPEES VERSUS 11.54 BILLION RUPEES

Source text for Eikon: ID:nBSE8YNfqr

Further company coverage: BIRS.NS

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July 24 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT COLLABORATES WITH MICROSOFT

• BIRLASOFT COLLABORATES WITH MICROSOFT TO ESTABLISH GENERATIVE AI CENTRE OF EXCELLENCE, DRIVING VALUE CREATION AND INNOVATION

Source text for Eikon: ID:nBSE3Kygbj

Further company coverage: BIRS.NS

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** Shares of Birlasoft Ltd BIRS.NS rise as much as 2.32% to 344.50 rupees, highest level in a week

** The information technology (IT) services firm launches bCloud+ solution to assist enterprises migrate to Oracle Cloud Infrastructure (OCI)

** bCloud+ services to provide cloud infrastructure and tools for advanced monitoring

** Launch to help enterprise customers who are embracing digital transformation and cloud adoption, Roop Singh, chief executive officer (Americas) at BIRS

** Of the 11 analysts tracking BIRS, eight maintain "buy" and three suggest "hold"; median TP is 345 rupees - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Birlasoft Ltd BIRS.NS rise as much as 7.56%, biggest intraday pct gain in 15 months, to 309.50 rupees

** IT services firm reports 16% Y/Y fall in net profit for March qtr, revenue rose 11%

** IDBI Capital reiterates "buy" with TP of 340 rupees, an implied upside of 18%

** Asian Markets Securities ("buy"): finds valuations attractive

** Adds BIRS is at inflection point with potential for growth turnaround; raises earnings estimates for FY24 and FY25

** Religare Broking calls results "positive", expects core profit to rise at 31.2% average annual growth rate over FY2023-FY2025

** Stock most active in three months, trading volume of 9.66 mln shares as of 11:28 a.m. IST, more than 6x 30-day avg - Refinitiv data

** Of 12 analysts tracking BIRS, eight maintain "buy" and four recommend "hold"; median TP is 345 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 8 (Reuters) - Birlasoft Ltd BIRS.NS:

• INDIA'S BIRLASOFT MARCH-QUARTER CONSOL NET PROFIT 1.12 BILLION RUPEES VERSUS PROFIT 1.33 BILLION RUPEES

• BIRLASOFT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.26 BILLION RUPEES VERSUS 11.01 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BIRS.NS

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April 25 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT LTD - UNIT ENTERS SETTLEMENT AND MUTUAL RELEASE AGREEMENT WITH INVACARE CORP, USA

• BIRLASOFT LTD - UNIT WOULD RECEIVE $2 MILLION FOR DISENGAGEMENT SERVICES ENDING ON MAY 31, 2023

Source text for Eikon: ID:nBSE2bVBHM

Further company coverage: BIRS.NS

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April 4 (Reuters) - Birlasoft Ltd BIRS.NS:

• BIRLASOFT APPOINTS KAMINI SHAH AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE5tW5VP

Further company coverage: BIRS.NS

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