Rishit Parikh News Today

Labelled as a watershed moment for India’s venture capital and start-up ecosystem, Zomato’s Rs 9,375 crore initial public offer (IPO) will open for subscription on July 14 and is likely to draw a bumper response. Zomato, which has a presence in 525 cities in India with an average of 6.8 million customers ordering food every month, is being valued at $8 billion, or just under Rs 60,000 crore at the upper end of the price band of Rs 72-76. While most analysts have already raised concerns ...

Q1 Results Preview: Deal Wins To Lift IT Firms’ Revenue, Pressure Looms On Margin Jul 08 2021, 12:40 PM July 08 2021, 7:55 AM July 08 2021, 12:40 PM Analysts expect Infosys Ltd. to post a higher revenue growth than peers in the quarter ended June, helped by large deal wins and continued client spending towards technology as the Covid-19 pandemic accelerates digital adoption. But the impact of wage hikes and attrition may weigh on IT companies’ margin.Aggregate revenue of the five info...

Tech Mahindra stock received a lukewarm response from the investors on Dalal Street following a mixed set of March quarter results. The IT majors Q4 performance missed Streets estimates on the revenue and profit after tax (PAT) front although margins and deal win surprised positively. Following this, the stock was trading marginally lower by 1.5 per cent at Rs 948.65 on the BSE. It had touched a high of Rs 985.65 in opening trade. Tech Mahindra announced a net profit of Rs 1,081 crore for the f...

7 Speaking on the company’s earnings call, execs focused on Q4 growth. CEO and managing director Rajesh Gopinathan said core transformation, cloud migration, and modernization of applications and data were the most in-demand services. The CEO added that TCS sees increased interest in outsourcing as organisations work to create digital experiences, some of them rushing to do so as the COVID-19 pandemic has seen customers acclimatized to doing more business online. Gopinathan opined that TCS’...

Operator Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Mahindroo. Thank you and over to you, sir. Sandeep Mahindroo -- Vice President, Financial Controller & Head-Investor Relations Thanks, Margaret. Hello, everyone, and welcome to Infosys earnings call to discuss Q4 and FY 21 earnings release. Im Sandeep from the IR team in Bangalore. ...

Read more about Infosys Q4FY21 preview: PAT seen rising 14-23%; buyback details eyed on Business Standard. Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday

TCS Q4 Preview: As the information technology (IT) services sector looks poised to continue with its trailblazing journey in the March quarter of the financial year 2020-2021 (Q4FY21), analysts expect the Tata Group crown jewel Tata Consultancy Services (TCS) to maintain its leadership position in the space in terms of revenue growth and margin expansion. TCS is expected to achieve this feat aided by certain large deals such as Postbank and Prudential Financial, ramp-up in multiple $50-100 mill...

Dalal Street gave a lukewarm response to Wipros buyout worth $1.45 billion (over Rs 10,500 crore), its biggest ever, of London-headquartered Capco as the shares of the firm tanked 4 per cent on the BSE to Rs 421.30 in Fridays trade following the announcement of the deal. Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector. The BFSI segment accounted...