Page 9 - It Services News Today

HCL Technologies Ltd. reported revenue rose 6.0% in constant currency in its fiscal fourth quarter ended March 31.

Cons revenue is expected to rise 0.5% sequentially and 7.5% YoY to Rs 28,599 crore, according to the average of estimates of 10 brokerages. Cons net profit is likely to fall 6% sequentially but rise by 2.8% YoY to Rs 4,094 crore.

Wipro CEO Thierry Delaporte is set to get a separation payment of Rs 92.1 crore (or about $11 million) after his ahead-of-schedule exit, according to a report in the Economic Times

Automotive clients account for up to 35% of IT services manufacturing clients.Indias top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, ITs reliance on automotive revenue is now rising

Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.

An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore.

Siddhartha Khemka anticipates short-term pain in IT but remains positive on the market outlook. As some of the larger sectors like banking, auto, cement, capital goods continue to report strong numbers, the market could continue to see an uptick. Metal sector momentum driven by global factors. A weak Q4 is expected for metals. Market focuses on select themes amidst recovery hopes post-monsoon.

Wipros Thierry Delaporte stepped down from his position of MD and CEO. Srinivas Pallia will be Wipros new CEO.

Ramsey, NJ, April 25, 2024 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leading provider of innovative business...

Revenue at Tech Mahindra Ltd. fell 6.4% in constant currency as measured in US dollars to $1.55 billion in its fiscal fourth quarter ended March 31.