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Indian IT industry rocked by CXO-level shockers in 2023
IT services industry seems to be in a position of constant churn. Post-Covid, the phenomenon was related to IT engineers, who quit in droves for...
Infy cuts FY24 guidance despite good Q2 show
Lowers revenue guidance to 1-2.5% as compared to 1-3.5% earlier for this fiscal; India’s 2nd largest IT company clocks 3.2% growth in net profit, 6.7%...
Infosys’ growth prospects getting dimmer
US focus, digital slowdown taking toll; TCS in advantageous position now
Global cos delaying hi-tech IT deals as slowdown looms
Global clients turn more cautious on discretionary IT spend and it results in delays in deal closures
Aggressive hiring hits staff utilisation in IT
More pressure on IT firms’ operating margin, which has been under stress owing to cross currency headwind, wage cost and travel expenses
Infosys announces buyback of shares up to Rs 9,200 cr
IT services major Infosys on Wednesday said its board has approved a buyback of shares worth Rs 9,200 crore at a maximum price of Rs 1,750 apiece as...
Infosys confident of maintaining margin level in coming quarters
India’s second-largest IT services firm Infosys is confident of maintaining the momentum in operating margin in the coming quarters despite wage hikes...
