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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…

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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 …

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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…

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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…

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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 …

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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…

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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…

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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%. …

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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…

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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…

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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 …

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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…

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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…

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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…

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Moonlighting is an ethical issue says TCS HR head

TCS reported a surge in attrition rates in the September quarter – at 21.5%, it is the highest in t…

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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…

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TCS, Infosys, HCL Tech and Wipro open up lateral hiring as more people walk out the door during the COVID-19 pandemic

Every major Indian IT tech company decided to go slow on hiring or suspended hiring altogether at e…

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1 min read

Cognizant is giving positive vibes to the Indian IT industry with strong revenue growth and an improving attrition rate

Nasdaq-listed information technology (IT) major Cognizant Technology Solutions has delivered its hi…

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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…

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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…