Page 17 - It Companies

43% of India Inc's foreign exchange revenue comes to IT companies

The companies that have published their forex transaction for FY22 account for nearly 65 per cent of such earnings in the sample

'Have enough headroom to improve margins going ahead,' says Wipro CFO

The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter.

Wipro's Q1 net profit declines 21% over acquisitions, talent cost

Despite a below-expectation showing, IT major expects double-digit growth in FY23

Rupee at 80 to the dollar: IT services and tech industry to get a leg up

As the rupee touches 80 to the dollar, the extent of gains for Indian companies may differ basis their exposure to non-US regions and the performance of their currencies

Wipro Q1FY23 net profit likely to drop 8.1% YoY, say analysts

At the bourses, shares of Wipro have tumbled over 43 per cent so far in calendar year 2022. In comparison, Nifty50 and the S&P BSE Sensex have tanked 8 per cent each.

Big Tech games system many times: Chandrasekhar after Uber Files report

Chandrashekhar added that innovation would grow along with a citizen's right to open a trusted and accountable Internet under the Modi government.

Wipro announces quarterly promotions for top performers amid high attrition

Wipro plans to boost the salaries of most of its workforce by 10% in September 2022. The top performers are likely to receive a 15% hike

TCS Q1 review: Brokerages caution against early signs of demand slowdown

The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.

Rajesh Nambiar loses 'executive' role at Cognizant, to remain India head

Rajesh Nambiar shall remain Cognizant CMD and executive Vice-President of India

IT companies' revenue growth to slide sharply in FY23, says report

Revenue growth from the BFSI segment, which constitutes nearly a third of the revenues for the sector, will remain healthy at 15-17% this fiscal versus 18% last fiscal, the Crisil report said

NICL picks Cognizant for accelerating, managing its digital transformation

NICL is one of India's leading public sector general insurance companies

Hybrid or WFO, rising coronavirus cases haven't disturbed India Inc

Alert to Covid situation, companies across sectors are continuing with existing work models for now

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

Cloud, security to be priority even if recession hits US: Morgan Stanley

The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial

Infosys selected to manage technology separation from Toll Holdings

"Global Express appoints Infosys to manage technology separation from Toll Holdings," the Bengaluru-headquartered IT services major said in a statement

Strong order book, high attrition: What Accenture's Q3 means for Indian IT

Accenture Q3 results: Strong outlook and robust bookings reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist, said analysts

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

TCS, HDFC Bank, Infy and LIC among Kantar's global 100 most valuable firms

Infosys made its debut to the list at 64th position at a brand value of $33,551 billion, up 33 per cent

Wage cost inflation may moderate IT players' profit margins by 1.5%

The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22

TCS sees fall in staff attrition, robust demand for IT services: Top exec

More tech talent is expected to enter the job market from startups facing funding crunches, as central banks withdraw stimulus and hike rates: Girish Ramachandran