TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people
This marks a shift in how cost savings are achieved in traditional IT projects, popularly known as the run-side
Technical charts suggest that IT major shares - Infosys, TCS and Wipro can potentially bounce back up to 18% from present levels; here are the key levels to watch out for.
CEO Srinivas Palia blames tariff war and macro woes for revenue slide
Voluntary attrition rose to 15 per cent from 14.2 per cent a year earlier
India's fourth largest software company continues to underperform compared to peers
Infosys stock was quoting at ₹1,385, down 1.99 per cent compared to previous day's close of ₹1,413.10 on the National Stock Exchange
Stocks to Watch Today, April 17: Wipro, DLF, Paytm, Hero MotoCorp, Angel One are some of the top stocks to watch today
Wipro Q4 FY25 result: The interim dividend of ₹6, declared by the Board in January will be considered as the final dividend for FY25
Q4 FY25 results today, April 16: Wipro, Angel One, and Reliance Infra to release earning report for the January-March quarter
Seasonal weakness in consulting and a fall in demand during the quarter will likely impact the IT bellwether's top line
Wipro will help multinational companies set up their GCCs in India, operate and then transfer the entity back to the parent company - popularly known as the BOT model - after a few years
The Nifty IT index plunged amid recession-related fears due to US imposing 'reciprocal tariffs' on trading partners without showing signs of backing down
The northward move in Wipro share price came after it won a £500 million, 10-year strategic deal with Phoenix Group, the UK's largest long-term savings and retirement business
As part of this transformational initiative, a number of Phoenix employees will transition to Wipro. The exact number of employees being transferred to Wipro was not disclosed
Wipro's stock rose as much as 3.11 per cent during the day to Rs 273.95 per share, the biggest intraday gain since March 3 this year
IT services firms Wipro, TechMahindra, and L&T Technology on Wednesday announced individual partnerships with chipmaking giant Nvidia for AI-based solutions for various industries. These software firms are showcasing the solutions leveraging Nvidia technologies at the US-based chip major's ongoing annual GPU Technology Conference (GTC) in California. Tech Mahindra has unveiled an autonomous pharmacovigilance (PV) solution powered by Nvidia AI software to enhance drug safety management. By leveraging agentic AI and automation, the solution improves the speed, accuracy, and efficiency of PV processes, addressing challenges like manual delays and data overload. It integrates Nvidia AI Enterprise tools, including NeMo, NIM microservices, and AI Blueprints, to optimise case intake, data transformation, quality control, and compliance. The AI-driven PV solution instantly flags prioritises, and processes the request by eliminating human intervention that could potentially lead to delays .
The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)
The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.
IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch. The agency retained Wipro's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A-' with a stable outlook. "Fitch forecasts Wipro's revenue to increase by around 4.5 per cent in FY26 compared with a slight decline in FY25. We believe that the growth will be supported by a recovery in discretionary customer IT spending, particularly in the US, where customers will benefit from declining interest rates. "We expect customers in Europe to remain under pressure in a weaker economic environment and to focus on cost optimisation and efficiency improvement. There are early signs of revenue recovery in 3Q FY25 with IT services revenue rising by 0.6 per cent year-on-year," the agency said in a statement. Wipro will be able to maintain its solid market ...