IT sector spending to surge 13.2% to hit $138.9 bn mark in 2024: Gartner
The Indian IT sector's spending is forecasted to hit $138.9 billion in 2024, up from $122.6 billion the previous year, marking a robust growth rate of 13.2%
it sector
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Infosys to declare Q4 results on Apr 18; here’s what to expect from IT major
India's second-largest software exporter is expected to report revenue growth in the range of 2-4% year-on-year (YoY), while net profit is projected to rise between -0.4 to 5%.
Google layoffs: Sundar Pichai hints at more ‘tough choices’ in 2024
Google CEO says layoffs, reorganisation must to achieve ambitious goals in 2024; tech giant had cut 12,000 jobs in 2023
Infosys’ Growth Catalyst
Salil Parekh’s focus on large deals helps company close the gap with industry leader TCS.
Gen AI: Firms Race to Make IT Mainstream
As ChatGPT captures the imagination of the world, the focus is now on Generative AI, with IT services companies queuing up to crack the code.
Fresher hiring up 3% in H2 2023 amidst slowdown in IT sector
IT sector is witnessing a slump in the intent to hire freshers, says the report
Infosys shares plunge 9% amid sharp cut in revenue guidance for FY24
The company lowered the revenue guidance for FY24 to 1-3.5% in CC terms despite a strong total contract value of $2.3 billion in Q1 FY24.
Infosys shares up 2% on signing $2-bn deal with existing client
Infosys signs the mega deal ahead of its first quarter earnings, which is slated to be released on July 20.
Is TCS a buy after Q1? Here’s what brokerages say
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
TCS Q1 results: Profit jumps 16.8% to ₹11,074 cr; declares dividend of ₹9
The board of TCS has declared the first interim dividend of ₹9 per equity share of ₹1 each for the current financial year.
