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Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre said. ....
Persistent Systems: However, the company, which reported a total contract value of USD 521 million in December, said the conversion of deal wins to revenues is not happening, as it was earlier because of the weaker sentiments. ....
The consolidated revenue for Q3FY24 was up 13% yoy to Rs 2,323.3 crore as compared with Rs 2,055.8 crore and up 2.2% quarter-on-quarter (qoq) from Rs 2,272.2 crore. ....
Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in tech stocks? The answer lies in FY25, on which everyone is pinning their hopes. ....
Muted revenues, ramp up of new deals and a focus on growth volumes could defer margin guidance of 17-18% at LTIMindtree by a few quarters, the top executive at Indias sixth-biggest technology outsourcing company told ET. ....