Salary hikes bring cheer to IT workforce
Infosys follows Tata Consultancy Services in giving salary hikes to employees on the back of a strong Q2 performance.
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April 2018
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.
HCL Tech posts net profit of ₹3,154 crore in Q4
IT major says it activated business continuity plans in end-January; 96% of employees working from home.
TCS expects single-digit growth in FY20
India’s biggest IT company grew at the slowest pace among peers, reported flat profit in Q3. CEO Rajesh Gopinathan termed the muted performance as a “short-term phenomenon”.
HCL to buy IBM software products for $1.8 bln
HCL and IBM have an ongoing IP partnership for five of these products.
IT majors poised to report strong Q2, TCS may lead
Tier-I firms expected to post quarter-on-quarter top line growth in the range of 0.5- 4.5%, said analysts
Infosys net profit rises 2.4% in Q4
Infosys net profit rose to Rs 3,690 crore in March quarter from Rs 3,603 crore in the year-ago period while net profit for fiscal 2018 rose 11.7%.
Indian IT firms to report a ‘steady’ Q4: analysts
Brokerage firms expect HCL Tech to lead the IT pack in dollar revenue growth.
