
IT Q4 results preview: Here’s what analyst expects from Infosys, Wipro
There will be no change in relative positioning despite worsening macros as it has not translated to client cutting spending on existing projects, says ICICI Securities.
There will be no change in relative positioning despite worsening macros as it has not translated to client cutting spending on existing projects, says ICICI Securities.
Bernstein downgrades Wipro and LTTS while JP Morgan has remained underweight on the Indian IT sector.
Wipro joins the likes of Google, Microsoft, Meta and Amazon; the company’s Q3 FY23 attrition rate stood at 21.2%.
Post December quarter results, the majority of experts remained bullish on Wipro shares and recommended ‘Buy’ ratings.
The BSE IT index witnessed broad-based selling, with most of sectoral heavyweights such as TCS, Wipro, HCL Tech, and LTIMindtree reeling under selling pressure.
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
Employment and retrenchment including lay-offs are a regular phenomenon in industrial establishments, says Minister of State for Labour & Employment Rameshwar Teli.
The acquisition comes after Wipro’s announcement of its foray into the food biz in India. Deal to help it become a significant player in the snack food, spices, and ready-to-cook market.
The domestic IT industry, which rode on the pandemic-led digitisation, is bracing for a slowdown as the U.S. and Europe stare at recession. Will this crisis lead to new opportunities?
Lord Venkateswara temple in Tirupati city of Andhra has assets worth ₹2.5 lakh crore, which include gold deposits in banks, gold jewellery, bank deposits and land parcels spread across India.