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infosys adr slump: Infosys ADRs slump 11% after drastic cut in FY24 revenue guidance

The Bengaluru-based software major has reported 11% year-on-year growth in net profit at Rs 5,945 crore for the quarter ended June. The profit is lower than the ET Now Poll estimate of 6,150 crore. Infosys earnings remained muted on a sequential basis in the June quarter, given a significant slowdown in business amid global macroeconomic headwinds. ....

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The revenue riddle at LTIMindtree

LTIMindtree’s crucial revenue generator banking, financial services, and insurance (BFSI) vertical was a pain point in Q1 as some clients continued with hiring freezes. ....

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IT sector: Investors should take a contra bet in IT sector: Dharmesh Shah

Again, if you look at the market breadth where 70% of the stocks are now trading above the operating average that again gives us the confidence that the current breakout should not get fizzled out in months. ....

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TCS, HCLTech, Wipro : Indian IT companies push for work from office

Business Today had earlier reported that TCS has added ‘Return to Office’ to its employee's goals to be achieved in the appraisal cycle to incentivise and promote work from office. ....

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TCS share price: Gainers and Losers: NTPC, TCS among top 5 stocks in limelight on Wednesday

Equity benchmarks Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets. ....

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