While Infosys News Today

Infosys views its deal pipeline and booking as robust and continues to expect improvement in client sentiment after the positive commentary by the US Fed in December 2023.

"We have gone ahead and rolled out our annual salary increase with effect from April 1st. Our operating margin of 23.2% reflects the 200-bps impact of this hike, offset through improved efficiencies," TCS CFO Samir Seksaria said.

Infosys also saw a one-time impact on revenue, according to the companys leadership.

Bengaluru-based Wipro has seen the sharpest decline of 94.7% from 11,475 net additions in July-Sept 2021 to 605 net additions in July-Sept 2022.

While Infosys does not support dual employment; CEO Salil Parekh has said external gig opportunities are fine.

Infosys vs HCL Tech vs TCS: The shares of the three IT majors have fallen up to 22 per cent in the last one year. While Infosys is down 15.33 per cent, stock of HCL Tech has plunged 21.72 per cent during the period. Shares of TCS have lost 18.34 per cent in a year.

Metaverse is the hottest term in the tech market right now. It is said to be the future of human interaction. While large companies like Microsoft, Nike, PwC, Adidas and many others have jumped on the bandwagon, India plays a key role in it. Let's continue reading!