On March 21, the leading IT services provider globally revised down its revenue forecast for fiscal year 2024, citing economic uncertainty. This adjustment comes as clients have scaled back spending on consulting services. Accenture’s updated outlook now anticipates full-year revenue growth to range between 1 percent to 3 percent, aRead More →
Since the anticipation of rate cuts began building up after December, the Nifty IT index has witnessed a significant rally of over 17.5% to date. Also Read: TCS market cap hits ₹15 lakh crore as stock touches new all-time high However, the latest update from the Fed suggests that aRead More →
Let’s delve into five key comparisons between these two IT majors. Revenue Growth: The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% decrease compared to the revenue of ₹23,229 crore reported in the corresponding period last year. Sequentially, revenue also saw a 1.4% drop. InRead More →
Revenue Growth: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY. On the other hand, TCS reported consolidated revenue of ₹60,583 croreRead More →
Infosys share price impact: Infosys shares are anticipated to experience substantial volatility in Tuesday’s trading session following the company’s loss of a multi-year contract valued at USD 1.5 billion. Analysts expect shares of Infosys to open in the red in tomorrow’s session. In an exchange filing on December 23 (Saturday),Read More →
Newgen Software Technologies Ltd’s Q3 were strong all-round beat as revenue, net profit were ahead of estimates, said global brokerage Jefferies. The software company’s Management highlighted a strong growth outlook in traditional markets (India, EMEA) and APAC. While US remains subdued, Newgen plans at stepping up on marketing/GSI network toRead More →
