Page 7 - It Companies

Infosys tightens FY24 guidance to 1.5-2%, Q3 net profit down 7.3%

The Bengaluru-based IT major, however, maintained its operating margin guidance at 20-22 per cent for FY24

Infosys Q3FY24 results: Net profit drops 7.3%, revenue rises 1.3%

Infosys Q3 results: The IT major revised the FY24 revenue guidance to 1.5 per cent to 2 per cent in constant currency

TCS Q3FY24 results: Net profit up 2% to Rs 11,058 cr, revenue up 4%

TCS Q3FY24 results: The IT major also reported a net attrition of 13.3 per cent and said will continue hiring from colleges

Q3 preview: TCS likely to report single-digit growth in revenue, net profit

As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher

HCL Technologies to outshine IT peers in Q3 results: Elara Securities

Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality

Wipro files suit against former CFO Jatin Dalal after he joins Cognizant

The IT giant also recently filed a complaint against its former senior executive Mohd Haque, and accused him of violating a non-compete clause embedded within his employment contract

Wipro files case against former CFO Jatin Dalal who moved to Cognizant

Dalal has sought that the matter be referred to arbitration, the case will now be heard by a Bengaluru civil court on January 3

IT major Infosys loses $1.5 billion contract from global customer

The company did not give the reason for the cancellation of the deal

Year on year, Indian companies squeeze spending on research and development

The little money they have invested in a decade went into recurring expenses

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

LTIMindtree expands presence in LATAM, opens delivery centre in New Mexico

The delivery centre, inaugurated on December 14, will enable workforce transformation and localisation for LTIMindtree in the Americas

Wipro, RSA ink new multi-year contract to accelerate cloud migration

The contract will accompany RSA on its journey over the next couple of years to modernise its infrastructure and the use of Cloud technology

Cognizant shifts to asset-light model; to sell assets in Hyderabad, Chennai

The company has already vacated 1.15 million square feet of office space in Chennai, including 500,000 square feet in the DLF Cybercity SEZ and 650,000 square feet in the Ramanujan IT SEZ

Infosys appoints Jayesh Sanghrajka as CFO as Nilanjan Roy resigns

Sanghrajka comes with over 25 years of work experience and is a chartered accountant by qualification

Responsible by design cornerstone of AI-first strategy: Balakrishna D R

'To ensure a fair, transparent, and safe AI system, Infosys has built technical and regulatory guardrails. 'Responsible by design' is one of the cornerstones of our AI-first approach'

IT companies up stakes on GenAI as clients demand integrated solutions

IT companies, globally and in India, are betting big on GenAI as clients are increasingly realising the value of it and demanding solutions that are integrated with it

The future is flexible: IT companies juggle in-person with remote work

Some IT employees Business Standard spoke with said that their companies are offering them certain perks to work in a hybrid environment

Innova Solutions shifts focus to India, to expand operations in 2024

Global IT firm Innova Solutions has shifted its focus back to India and will look to expand operations and rope in talent from the country next year, a senior executive of the company said. Pradeep Yadlapati, Senior Vice President, India Head & APAC Special Business Unit Head, Innova Solutions, said the company operates in various segments, including health, BFSI, communications, and media. "This year, we shifted our focus to India. Large corporates are looking at India for skills and technology, not just cost capital. India is emerging as a growth market for technology and talent," Yadlapati told PTI. Yadlapati said India continues to play an important role in the region in terms of technology and talent, and the momentum will spill over to 2024. "This year, we were able to consolidate all our brands," he said. "We run our IT infrastructure applications in the laboratories, which are managed by vertical heads in India," he added. Headquartered in Georgia, US, Innova Solutions ..

IT companies to diversify, draw 30% revenue from non-western mkt by 2030

Japan, Australia, and countries from West Asia will play a major role in this shift as they expand their share in the Indian IT outsourcing space

CP Gurnani to step down as director of Tech Mahindra on December 20

Along with Gurnani, Vijay Kumar will also step down as the non-executive, non-independent director of the company on December 20