Page 5 - It Sector News Today

According to Saurabh Govil, chief human resources officer (CHRO) of Wipro, the company is yet to complete on boarding of freshers who received offer letters during its post Covid hiring spree.

IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.

​This year I think I will compare with 2021 when people were very negative in the month of January because they were seeing a lot of impact of COVID and all that and suddenly in March they realised that oh, we need technology to even survive in COVID.

On a full year basis, order book was up at $42.7 billion as compared to $34.1 billion recorded in FY23. This is historically the highest full-year order book for the IT services giant

During Delaportes four years at Wipro, four Wipro former executives went on to become CEOs outside the company, while three became CFOs even as other senior leaders joined smaller and larger firms in top CXO roles.

Talking exclusively to Business Today TV's Managing Editor, Siddharth Zarabi, R. Dinesh, President of the Confederation of Indian Industry (CII) and Chairman of TVS Supply Chain Solutions, said that the mood at the moment is of optimism as to the state of Indian economy.

On April 12, countrys largest IT services company TCS will get the ball rolling for Q4FY24 IT earnings season

​​A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs.

Rivals eyeing IBM spinoff Kyndryl’s sub-$50 million clients, experts say Mumbai: Kyndryl, a managed services provider that was recently spun off from International Business Machines Corp., briefly lost clients to rival IT services firms before its new strategy took effect, analysts said, adding that its business has stabilised after smoothly transitioning clients from IBM to

Taking a dig at the Congress, the Union Minister said, "Can you imagine 10 years back our countrymen were finding it even difficult to think about freeing themselves from the clutches of corrupt Congress party and its alliance partners where one after another scam took place."