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Data recap: IT results, PMI readings, air traffic

News and developments from the week gone by, through numbers and charts.

Bengaluru , Karnataka , India , Coted-ivoire , Ghana , Russia , China , Stockholm , Sweden , Kerala , Ivory-coast ,

Mint Primer | Let the good times roll: IT services eye a better future

Worldwide IT spending on software, services, data centre systems, devices etc is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to analyst firm Gartner

India , Naveen-mishra , Gartner , Wipro , Infosys , Captive-centres , It-services , It-results , Wipro-results , Tcs-results , Infosys-results , It-spending

Wipro IT: Wipro headcount falls by 9.5% in FY24 - The Economic Times

IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.

Lucknow , Uttar-pradesh , India , Technology-leadership , Offering-college , Programme-in-fintech , Wipro , Infosys , Indian-school-of-business , Tech-prowess , High-value-skill

infosys: Infosys vs TCS: Who is poised to win in this Q4 IT battle?

TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.

India , Bengaluru , Karnataka , Accenture , Infosys , Tata-consultancy-services , Kotak-equities , Tcs , It , Q4-results , It-results

KPIT: KPIT posts 50% jump in net profit, hikes margin outlook

The Pune-based IT firms consolidated revenue rose by 37.06% to Rs 1,256.96 crore as compared with Rs 917.11 crore in the year-ago period.

Delhi , India , Pune , Maharashtra , Kozhikode , Kerala , Kishor-patil , Certificate-programme-in-data-science-machine , Offering-college , Indian-school-of-business , Tech-prowess , High-value-skill

tech mahindra: Tech Mahindra Q3 profit down 61% at Rs 510 crore in FY24

The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.

Kozhikode , Kerala , India , Japan , Rohit-anand , Vikram-nair , Sanjeev-hota , Harshvendra-soin , Mohit-joshi , Indian-school-of-business , Wipro , Infosys

Coforge: Coforge net profit rises 4.3%, maintains revenue guidance for FY24

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.

Kozhikode , Kerala , India , Sudhir-singh , Offering-college , Indian-school-of-business , Senior-management-programme , Technology-leadership , Tech-prowess , High-value-skill , Chief-executive-officer , Coforge

it companies: IT gives bears a bull hug: what is driving the rally in tech stocks?

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.

Delhi , India , United-states , United-kingdom , Kozhikode , Kerala , America , Infosys-parekh , Sumit-pokharna , Kunal-purohit , Peter-bendor-samuel , Phil-fersht

LTIMindtree CEO: Margin guidance won't hold up this fiscal, says LTIMindtree's Debashis Chatterjee

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.

India , Lucknow , Uttar-pradesh , Mumbai , Maharashtra , Debashis-chatterjee , Larsen-toubro-infotech , Indian-school-of-business , Northwestern-university , Offering-college , Programme-in-fintech , Tech-prowess

The Weekend

like democracy is at stake, because it is. >> reporter: quentin, you've got multiple problems here. and it results in you having to fight on two fronts at the same time. you've got, as simone has just indicated, nervousness. let's just be polite about, it within your own ranks. regarding the enormity of the democratic party, current president joe biden. but on my side of the aisle, you've got republicans who are clearly indicating how they are going to go at this campaign, two ways. one, just a full frontal attack, you know, all things hunter biden, and all of that. but then, the subtext. and nbc news has been reporting on recent indication by republicans that they will possibly be casting doubts on whether joe biden can win legitimately in 2024, setting

Quentin , Democracy , Stake , Fronts , Problems , It-results , Simone-sanders-townsend , Two , Joe-biden , President , Democrats , Republicans