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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 ....
Wipro Q4 FY24 results: The IT firm's revenue from operations also experienced a 4% year-on-year decline to Rs 22,208 crore, down from Rs 23,190 crore in the corresponding period of the previous year. ....
The board approved the reappointment of Rishad A. Premji as Executive Chairman for a period of five years with effect from July 31, 2024, to July 30, 2029. ....
HCLTech, India s third-largest software exporter, outperformed expectations with a 6.2% rise in net profit and a 6.5% increase in revenues in Q3. Meanwhile, Wipro reported a steep 12% fall in profits and a 4.4% dip in revenue. HCLTech s success can be attributed to the $2.1-billion Verizon deal and an increase in headcount. ....
In November last year, Wipro sued its former chief financial officer Jatin Dalal. The matter was referred to arbitration by the Bengaluru City Civil Court. Dalal was charged of violating the non-compete clause in his employment contract. ....