HCLTech saw third quarter growth, in constant currency, of 4.1%, reaching $3.53 billion.
IT and Business Services grew 5.5%, while Engineering and R&D Services grew just 1.1%. HCLSoftware declined 2.1%. By region, the Americas led with growth of 6.2%, with Europe only achieving 2.6%.
The leading vertical segment was Telecommunications, Media, Publishing & Entertainment, which was up 33.1%. Retail & CPG saw year-on-year growth of 17.2%. But financial services, life sciences and healthcare, and public services all declined.
Guidance for the full year is for sales growth of 4.5% to 5% in constant currency.
-Building lifecycle software company Eleco has acquired Irish SaaS computerised maintenance and management software (CMMS) specialist PMI Software.
The deal, which complements the group’s CMMS ShireSystem brand, includes an initial payment of around €6m, and an additional earn-out consideration of up to €2.4m, payable in two tranches in 2026 and 2027.
Located in Cork and Dublin, and founded in 1987, PEMAC has built a customer base of over 100 international manufacturing businesses, including Coca-Cola, Heineken, Wyke Farms, and SteriPack Group.
For the year ended 30 November, 2024, PEMAC had sales of around €2.7m, and adjusted EBITDA of €600,000.
-As the global telecoms industry navigates a challenging landscape, the radio access network (RAN) market is set to enter a “pivotal year” in 2025, says analyst house Dell’Oro Group.
After consecutive years of double-digit declines, the market shows signs of “stabilisation”, with revenues projected to grow “modestly” outside of China. Global RAN revenues are expected to show 5–10% growth outside China, driven by improved conditions in India, Japan, and North America.
Private wireless RAN revenues are forecast to grow over 20%, fuelled by “robust adoption” in manufacturing and industrial verticals.
Open RAN is poised for “rapid growth”, potentially accounting for 8–10% of total RAN revenues.
Monetisation struggles and slowed 5G expansion remain significant obstacles for operators though, even as regional markets show uneven recovery, added the analyst.
-Concentrix, the Fortune 500 customer services outsourcing firm, reported FY2024 revenue growth of 35.2%, reaching $9.6 billion, but this was mainly from M&A - organic growth was just 2.7% in constant currency.
In addition, operating margins declined from 9.3% to 6.2% year-on-year.
-Exertis AV has unveiled a distribution deal with Sony Professional Displays & Solutions Europe, covering state-of-the-art displays, digital signage, and a variety of AV technologies.
-Infosys has raised full year guidance for a third time since last April, following a return to top line growth in North America during Q325.
Full company revenue, for the three months ended 31 December, 2025, increased 6.1% year-on-year at constant currency to $4.94 billion, with all vertical units posting revenue improvements. The operating margin for the period increased to 21.3%.
Having shrunk 2.7% annually in Q225, Infosys sales in North America increased 4.8% in the third quarter, driven mainly by financial services activity.
Europe was again the company’s fastest growing region, reaching growth of 12.2% year-on-year.
Send Markets news to: a_savvas@yahoo.co.uk
