Q2 IT sector results present a mixed bag
33 of the 34 BSE IT index listed firms that have announced results reported profits
Source: businesstoday.in
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KPIT Technologies Q2 results: Profit surges 69% YoY, revenue grows 60%
Bucking the trend of its Tier-1 IT sector peers, KPIT Technologies increased its constant currency (CC) revenue growth outlook for FY24 to over 37%. EBITDA margin guidance was increased to over 20%.
Source: moneycontrol.com
IT Hiring Freeze: Newly minted engineers must prepare for navigating uncharted waters
The recent decision of IT companies to halt hiring is just one chapter in the ever-evolving story of the job market. Making fungible use of one's skill set and exploring sectors such as automotive, manufacturing, chemical, construction, robotics, healthcare, and renewable energy is not a statement of hope but a factual representation of where engineers and their skills are needed, on ground
Source: moneycontrol.com
LTIMindtree elevates Rajesh Sundaram as chief business officer for manufacturing
Rajesh Sundaram's appointment comes at a time when LTIMindtree has experienced a number of high-level executive exits since the company's merger with its entities last year.
Source: moneycontrol.com
IT sector slowdown to hit increments! Top IT giants may cut salary hikes by half as slump hurts
India Business News: In FY23, when the IT sector was still thriving, average increments ranged from 12% to 18%. However, for the current year, these increments are project
Source: indiatimes.com