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1 min read
Infosys Q1 net profit rises 7.1%, hikes FY25 growth outlook
Quarter-on-quarter the company's net profit fell 20 per cent from Rs 7,969 crore in the January-Mar…
PTI
3 mins read
Infosys Q2 US dollar revenue up 2.2%; cuts upper end of guidance for FY24
Infosys has reported a 2.3% sequential growth in its constant currency revenues for the second quar…
4 mins read
Tech stocks tumble after Accenture guidance signals weak demand ahead
India’s tech stocks pack slipped down a slippery slope on Friday morning trade after tech major Acc…
5 mins read
Infosys slashes FY24 growth guidance by more than half as clients defer decisions, starting dates
Infosys has cut its revenue guidance for the financial year by more than half. The company said on …
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
Gaining market share in automation and cost optimisation deals: Infy CEO
After beating street expectations in the second quarter, IT Infosys sounded cautious and guided for…
6 mins read
Infosys sees 4-7% revenue growth in FY24 after it misses its FY23 guidance
IT major Infosys guided for a 4-7% revenue growth in FY24, after missing its own revenue guidance f…
3 mins read
Street unaffected by Infy’s guidance cut; lack of bad news charges up tech stocks
Five top tech stocks – Infosys, TCS, Wipro, LTI Mindtree and TechMahindra were the lead gainers on …
3 mins read
Stock market closing: Sensex climbs over 600 points to close in green, LTIM, ONGC amongst top gainers
Amongst sectoral indices. IT inched up by 2.22%, while media was biggest loser, down by 3.57%. Real…
2 mins read
Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts
Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj …
PTI
7 mins read
Infosys raises revenue guidance for FY23 to 16-16.5%, revenue growth beats analyst expectations
Indian IT major Infosys raised its revenue growth guidance for FY23 to 16-16.5% in constant currenc…
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 …
5 mins read
Infosys stock tumbles but analysts maintain ‘Buy’ rating on Infosys despite sharp cut in revenue guidance
Shares of Infosys fell by more than 8% on Friday in line with the 9% fall in ADRs on Thursday, afte…
4 mins read
Infosys shares tank over 9% post a disappointing Q4, analysts caution demand moderation ahead
IT services major Infosys’ shares tanked over 9% on Monday after the company’s disappointing March …
6 mins read
Infosys reports a sequential decline in net profit, but increases revenue & margin guidance for FY23
India’s second largest IT services company Infosys reported a 5.7% sequential decline in its net pr…
2 mins read
Infosys had a great year but CEO Salil Parekh expects the next one to be more than twice as good
The Bengaluru-based technology services giant has issued a revenue growth guidance of 12% to 14% fo…
4 mins read
Cognizant braces for slow year ahead, to cut 3,500 jobs and slash office spaces
The trend of weak quarterly numbers continued for IT services companies and the latest one to disap…
5 mins read
Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations
Indian IT services company Wipro said on Friday that it expects its constant currency revenue to gr…
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…
3 mins read
Wipro CEO says dollar revenue will grow 2-4% in the next three months
Wipro’s management guidance for the March quarter is that the revenue from its IT services business…