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6 mins read
Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution
Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…
3 mins read
Tech stocks zoom despite tough times ahead as TCS meets street estimates
Almost all the top tier IT stocks were trading in the green in Thursday early morning trade after T…
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…
1 min read
Wipro takes $14-16 million Covid-19 hit in Q4 skipping guidance and increments
The pressure of the pandemic has started to reflect in fourth-quarter earnings of IT giant Wipro.…
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 raises full year guidance after the best revenue growth in at least eight quarters
Technology services giant Infosys saw its revenue grow by 7% on quarter in constant currency terms,…
2 mins read
Here's why analysts expect HCL Tech will outperform TCS, Infosys, and Wipro
The third quarter is generally not the strongest quarter of the year for most IT companies. Earni…
6 mins read
Record breaking quarter for Indian IT services is a given — all eyes are now on guidance
It turns out that the market expects the following three months, January to March 2021, to be as…
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…
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…
2 mins read
Sensex, Nifty50 halt 9-day rally, Infosys slumps over 9%
Equity benchmark indices Sensex and Nifty buckled under selling pressure after nine-session rally o…
PTI
4 mins read
Wipro Q2 net profit rises 3.7% to ₹2,659 cr sequentially, but isn’t as optimistic about Q3
IT services major Wipro today reported a 3.7% sequential increase in its second quarter net profit …
2 mins read
Wipro has clocked in its highest margin in over five years
Wipro has posted a strong performance in its third-quarter earnings as its business grew across ver…
2 mins read
HCL Tech expects 2% growth for the rest of the year despite a hard knock in Q1 and no new large clients
HCL announces Q1FY21 results and issues annual guidance. Its revenue plummeted by 7.2% and profit …
3 mins read
Wipro's second-quarter will be telling of how its new CEO is steering the ship
Following other Indian IT services companies, Wipro is expected to post an uptick in revenue and …
4 mins read
Infosys second quarter earnings deliver on all fronts led by highest ever deal wins worth $3.15 billion — raises annual guidance to 2% to 3%
India’s second-largest IT services company Infosys has reported an 16.2% jump in net profits and 4%…
3 mins read
HCL Tech's mid-quarter guidance optimism sparks rally in TCS, Infosys, Wipro, and Tech Mahindra too
Indian IT services giant HCL Technologies’ mid-quarter review and guidance haveIT stocks rallying t…
4 mins read
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.…
3 mins read
A new CEO, Brexit and supply-side exposure may leave Wipro’s Q1 earnings more dented than others
Wipro is set to report its first-quarter earnings on 14 July, and with other IT services companies …
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…