Page 4 - Persistent Systems News Today

Mid-sized IT firms showed workforce growth in fiscal 2024, contrasting major Indian IT firms decline. Demand rose for tech services from domestic and global sectors. Automation may impact headcount. Mid-tier firms excel in engineering services with strong growth.

After 2 straight months of underperformance, the midcap and smallcap indices massively outperformed the benchmark Nifty in the month of April. The Nifty Midcap index jumped 5.8% while the Nifty Smallcap index surged 11.4% in the previous month. In comparison, the benchmark Nifty was up 1.24%.

Data from ACE Equity shows that Pawan Munjal, Chairman of Hero MotoCorp received an annual remuneration of Rs. 99.55 crore in FY23. He is India’s highest paid business leader.

IT Sector: In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.

In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.

Economic development depends on capital accumulation, and wealth redistribution would fritter away the surplus needed for investment and growth

Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.

An increased use of GenAI and a growing emphasis on industry clouds are driving changes in the Salesforce market in Germany, ISG Provider Lens™ report says ...

Enterprises are re-examining their licenses and subscriptions in an effort to reduce redundant costs, ISG Provider Lens™ report says ...

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023.