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2 mins read
As earnings season begins, major companies' performance reports to decide market movement in coming days
The earnings result season for Q1 (April-June) 2024 has commenced with major companies set to repor…
ANI
5 mins read
Hiring in the IT sector plunges by 66% in FY23
Indian IT companies have significantly slowed down the pace of hiring in FY23 as concerns of an eco…
4 mins read
Tech Mahindra’s Q3 net profit slips 5.2% on year to ₹1,297 crore
India’s sixth-largest IT services company Tech Mahindra reported a 5.2% decline in consolidated net…
3 mins read
Infosys to lead IT sector’s Q2 show with 4% revenue growth, says Jefferies
The report also said the Bangalore-based IT firm was expected to announce a buyback along with t…
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…
2 mins read
HCL Tech surges on better than expected earnings, Wipro hits 52-week low on disappointing Q3 guidance
HCL Tech’s shares surged a day after the company raised its earnings guidance for FY23 after a stro…
3 mins read
Beyond just chats: Indian tech majors start bagging deals in GenAI space
Less than a year after ChatGPT was launched, Indian tech majors have started bagging generative AI …
3 mins read
Banks to drive earnings growth in Q4 while IT services to report muted numbers
Banks are expected to report a healthy credit growth in the January to March quarter driven by trac…
4 mins read
Tech Mahindra’s Q2 net profit falls 4% to ₹1,285 crore
India’s sixth largest IT services company Tech Mahindra today reported a 4% decline in consolidated…
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 …
3 mins read
TCS, HCL Tech and Wipro ring the bell – It’s time to return to office
After over two years of work from home (WFH), Indian IT companies are “encouraging” employees to re…
3 mins read
TCS, Infosys and Wipro take a lot of heart from Accenture's blockbuster earnings
The market has been raving about the tech super cycle for a while now and guess what, US-listed IT …
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…
4 mins read
ITC has had a dream run in FY23 and here’s why there’s more juice left in the stock
India’s largest cigarette manufacturer ITC has had a dream run in FY23, with its stock going up by …
2 mins read
HCL Tech reports over three-fold rise in net profit at ₹3,593 crore
HCL Tech expects revenue to grow between 12-14 per cent in constant currency for the fiscal 202…
PTI
4 mins read
IT biggies post 14-20% topline growth in Q3 as caution, optimism marks mixed earnings' commentary
The industry leaders said they are keeping a close watch on the global economy and cues. O…
PTI
5 mins read
India’s IT sector likely to face macro headwinds until end 2023, say analysts
India’s information technology services companies have been struggling amid heightened fears of rec…
5 mins read
December quarter likely to be a weak one for the IT sector – Infosys amongst top analyst picks
As India’s largest IT company, Tata Consultancy Services (TCS) gets ready to kick off the earnings …
4 mins read
Sensex, Nifty50 edge up in morning trade led by banking and metal stocks
Benchmark indices Sensex and Nifty50 are likely to open on a firm note on Thursday despite mixed cu…
4 mins read
The street is dumping HCL Tech shares because its employees are leaving at a faster rate than ever before
However, the stock slipped nearly 7% when the market opened for trade on Monday (Jan 17). So…