Infosys shares drop 3% after revenue guidance misses expectations
Infosys CEO Salil Parekh says the IT major is seeing good traction in large deals but digital and discretionary spending is still a bit slower.
Infosys CEO Salil Parekh says the IT major is seeing good traction in large deals but digital and discretionary spending is still a bit slower.
Revenue of India's second-largest software services provider rose 1.3% to ₹37,923 crore
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%.
Human resources departments across companies are increasingly using artificial intelligence to be employee friendly and improve efficiency at work.
MSCI methodology makes India underweight in global indices. As a result, investors fail to capitalise on Indian equities.
The IT major will receive tax refund from the I-T dept for assessment years spanning from 2007-08 to 2018-19.
The BSE IT index declined nearly 2% today, led by index heavyweights HCL Technologies, Wipro, Infosys, TCS, and Tech Mahindra.
Narayana Murthy's son Rohan Murthy and daughter-in-law Aparna Krishan became parents in November 2023
At a time when big IT services companies are struggling, the agility of mid- and small-cap firms is giving them an edge.
Shares of Tata Consultancy Services gain 4% in intraday trade today.