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2 mins read
Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%
At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…
3 mins read
Wipro clocks 12% net profit in Q1; attrition rate falls
Wipro has reported a consolidated net profit for Q1FY24 at Rs 2,870 crore. The IT major has guided …
3 mins read
It is attrition rates and not the wage hikes dampening Indian IT cos earnings
The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…
4 mins read
IT majors cut down hiring by half despite high attrition
Three out of four major Indian IT companies have announced their Q2 FY23 results. While the demand …
5 mins read
Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools
Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…
5 mins read
Recession in the US may cool off attrition in IT sector along with revenues
After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…
1 min read
Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes
The Bengaluru-based information technology (IT) giant Wipro just announced its financial performanc…
1 min read
The attrition at Infosys is worse than that at Wipro, Salil Parekh has increased hiring plan by 10,000
Attrition is used to describe the rate at which employees are leaving the company. “We continue …
5 mins read
IT sector preview: Q3 to see slow deal conversions, soft demand and furloughs
The tide might have turned for IT stocks as investors found them in favour again. However, the thir…
2 mins read
Wipro’s revenues fall 2% in Q2, guides for a steeper fall in Q3
Wipro has reported a 2% sequential fall in constant currency revenues for the July-September quar…
1 min read
Wipro increases hiring plan to 30,000 as attrition hits a new high
IT services giant Wipro plans to hire 30,000 freshers in 2023 as attrition rate increases to 22%. …
3 mins read
Cognizant’s latest earnings have a silver lining for Indian IT majors TCS, Infosys and Wipro
Nasdaq-listed Cognizant’s March quarter net profit for March quarter grew 11.5% on year to $563 mil…
2 mins read
TCS, Infosys, and Wipro hired 2.33 lakh employees in FY22 to tame high attrition
For the last one year, the India’s as well as global information technology (IT) sector is going th…
3 mins read
Wipro's first quarter show points to multiple battles ahead
Bangalore-based tech major Wipro will bear the brunt of the adversity, as it signalled another weak…
2 mins read
IT demand is ‘normalising’ after pandemic highs, says Wipro CEO
Tech major Wipro’s MD & CEO Thierry Delaporte said on Thursday that technology investments are norm…
3 mins read
More employees are leaving Infosys, Tech Mahindra than TCS and Wipro
Shares of information technology (IT) firm Tech Mahindra slumped nearly 4% on February 2 as investo…
Talent from large IT firms has been flowing towards India's tech startups
Lathika Pai, Country-Head VC & PE partnership Microsoft on how India's tech startups are flowing wi…
3 mins read
Tech Mahindra's attrition rate is nearly twice that of TCS
At a time when information technology (IT) companies are enjoying overwhelming demand for digital t…
5 mins read
Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback
Indian IT major Wipro on Thursday posted a 0.6% sequential decline in constant currency revenues fo…
2 mins read
Wipro fears it may lose its employees to competitors as there is an explosion of IT jobs
Wipro saw an uptick in employees walking out the doors between January and March as compared to the…