Global macro headwinds may moderate growth for Indian IT firms: Report
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
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'Moonlighting can cause confusion’: IBM India MD says no to gig work
IBM India MD Sandip Patel says a second job – full-time, part-time, or contractual – is a failure to comply with IBM’s employment obligations.
Infosys Q2 profit up 11% at ₹6,021 cr; declares dividend of ₹16.50 per share
Infosys board has approved a share buyback proposal worth ₹9,300 cr at ₹1,850 per equity share via an open market route.
How Wipro, HCL Tech shares reacted to Q2 results?
Wipro shares fell 6% to hit its 52-week low of ₹383.25 on disappointing earnings, while HCL Tech rose 4% on dividend payout.
HCL Tech Q2 profit rises 7% to ₹3,489 cr; revenue up 19.5%
HCL Tech board has announced a dividend of ₹10 per share. Its attrition rate, like its peers, continues to be high at 23.8%.
HCL Tech Q1 net profit grows 2.4% to ₹3,283 cr
Revenue from operations for Q1 FY23 stood at ₹23,464 crore, up 16.9% year-on-year from ₹20,068 crore; total income increased to ₹23,873 crore from ₹20,323 crore a year ago.
Fortune 500 India: Digital pushes IT topline
As the pandemic pushed the world to go digital, Indian IT service companies saw a spate of orders despite talent crunch.
Top-tier IT firms to post robust Q2 earnings
Analysts expect TCS, Infosys, Wipro and HCL Tech to report 3-7% quarter-on-quarter dollar revenue growth, backed by strong demand for outsourcing services
Infosys, Wipro to post robust Q1 earnings: analysts
Brokerage houses expect Infosys to raise its FY22 revenue growth guidance, while wage hikes and hiring might hit margins for the IT majors.
Roshni Nadar Malhotra takes charge at HCL Tech
Covid-19 hits tech major’s financial performance in the June quarter over the March quarter; net profit up 31.7% over the year-ago period.
