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Wipro’s net profit drops 17% drop in Q1 as recession fears grip its non-US clients

Indian IT services major Wipro reported a 17% sequential drop in its net profit on recession fears.…

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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…

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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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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…

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Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’

In spite of the many startups laying off employees since last year, the Indian IT sector has so far…

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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…

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HCL Tech beats Wipro to become India’s third largest IT company

Shiv Nadar's HCL Tech has beaten Azim Premji's Wipro to become the third largest IT company in Indi…

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2 mins read

Wipro posts stable quarter — profit rises 3.2% with revenue guidance of 1.5% to 3.5% over the next three months

Wipro saw its profits gain 3.2% over the last three months to hit ₹2,466 crore. Revenue also recove…

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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…

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4 mins read

TCS tumbles and drags down to Wipro, Infosys, Tech Mahindra and LTTS with poor earnings

TCS shares were the biggest losers on Nifty 50, as its stock went down by around 4.47% in early …

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3 mins read

Stock markets inch close to 52-week highs as US inflation data cools

Sensex gained 1,000 points to 60,617 while Nifty50 rose by 290 points to 18,313 in early trade on F…

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3 mins read

Profit margins of IT companies must be under pressure for January-March quarter due to record hiring and salary hikes

The March quarter earnings season will begin next week with the results of major information techno…

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5 mins read

Infosys to lead the pack this earnings season while margin pressure will continue for two quarters

Margins are likely to be impacted on account of wage hikes, high retention costs, increased travel …

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TCS, Infosys and HCL Tech can do better in a shallow recession than a slowdown

The IT stocks have been melting for weeks now in fear of a possible recession that can affect its l…

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2 mins read

Wipro is inviting engineering graduates for its freshers’ hiring programme across the country

Indian information technology (IT) behemoth Wipro is scouting for engineering graduates for its ‘El…

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After a day of relief, Sensex and Nifty again in red mirroring weak global markets

Stock markets across the globe remain weak on April 22 after the US Federal Reserve Chairman Jerome…

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Infosys slides 9% on poor March quarter earnings, other IT stocks follow suit

IT giant Infosys disappointed investors as the stock of the company plunged nearly 9% on poor Jan-M…

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Infosys shares surge after Q2 results, ₹9,300 crore buyback announcement

The sharp surge in Infosys shares comes a day after the IT major reported revenue growth on the bac…

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Infosys may show faster growth than TCS in the Dec quarter, say analysts

Infosys, TCS and Wipro are among India’s top five technology services giants that will declare thei…

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3 mins read

US-based peer Accenture’s uptick in FY22 outlook gives hopes to IT firms in India; Infosys, Wipro, TCS gain

While the market momentum is weak on Friday, information technology (IT) company stocks are the out…