Page 56 - It Services News Today

/PRNewswire/ -- EnGenius Technologies Inc., a global innovator in network management solutions, unveils the MSP Portal within EnGenius Cloud. Tailored for the...

Two major Indian IT companies — Wipro and LTIMindtree — posted subdued earnings for the second quarter. While Wipros consolidated net profit rose marginally, that of LTIMindtree dipped. This and more in todays ETtech Top 5

Large deal bookings reach $1.3 billion, an increase of 79% YoY and 6% QoQ Total bookings of $3.8 billion, mark a 6% YoY increase IT services segment EBIT increases 6% YoY. EPS increases 4.1%...

Happiest Minds Technologies also reported its financial results posting consolidated profit for the September quarter at Rs 58.46 crore, a decline of 1.6% from the year-ago period and up 0.2% on a sequential basis. However, its revenue rose 19.3% YoY to Rs 428.83 crore. In constant currency terms, revenue grew by 3.6% QoQ and 11.6% YoY.

The Indian IT major has slowed down its hiring plans and has witnessed a headcount decline for the fourth consecutive quarter in Q2FY24

'We saw higher than usual impact of macroeconomic slowdown. Slowing demand and reprioritisation of client spends has weighed on our European business,' says Thierry Delaporte

Wipro Limited NYSE WIT BSE 507685 NSE WIPRO a leading technology services and consulting company announced financial results under International Financial Reporting Standards IFRS for the quarterended September 30 2023.

This comes as major Indian IT firms have all reported a drop in their headcounts. Indias largest software exporter, TCS, reported a net fall of 6,333 employees in the second quarter of FY24.

Wipro Limited WIT reported second-quarter gross revenue of $2.71 billion, flattish Y/Y, missing the consensus of $2.77 billion. EPS of $0.06 missed the…

Wipro Ltd.’s IT services revenue fell 4.8% year over year on a constant currency basis in its fiscal second quarter.