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5 mins read

IT sector preview: Q3 to see slow deal conversions, soft demand and furloughs

The tide might have turned for IT stocks as investors found them in favour again. However, the thir…

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1 min read

HCL Tech Q3 net profit up 6.2% to Rs 4,350 cr

IT company HCL Tech reported a 6.2 per cent increase in consolidated net profit at Rs 4,350 crore, …

PTI   


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3 mins read

Happiest Minds Tech Q4 profit up 25% to ₹72 cr, co hopes to see growth in GenAI vertical

Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.9…

PTI   


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Brokerages not rattled by big 3 IT players' tepid Q2 performance

The Indian IT sector has kicked off the Q2 earnings season on a somber note. The Big 3 tech compani…

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1 min read

Tech Mahindra Q3 net falls 60% to ₹510 crore

Tech Mahindra on Wednesday reported a 60 per cent decline in net profit at Rs 510.4 crore in the th…

PTI   


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Adani Energy Solutions net profit down 27% to Rs 348 cr in Q3

Adani Energy Solution (AEML) on Monday posted over 27% decline in its consolidated net profit to Rs…

PTI   


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6 mins read

Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution

Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…

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6 mins read

HCL Tech lowers revenue guidance for FY23 to 13.5-14%, Q3 revenue and profit growth beat expectations

Indian IT services company HCL Tech lowered its revenue growth guidance for FY23 to 13.5-14% in con…

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3 mins read

Paytm records revenue growth of 38% YoY in Q3FY24

Paytm has announced its October-December quarter earnings showing a strong growth momentum led by h…

ANI   


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VC investments, deals grew in India in Q1 despite fall in global activity: Report

Both venture capital (VC) investment and the number of VC deals grew in India in the first quarter …

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BSE denies tech glitch on June 4; lag in payment receipt from banks led to delayed mutual fund NAV

Several investors purchased their mutual funds before the cut-off time, although they were assi…

PTI   


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Wipro shares jump nearly 14% post-Q3 earnings; mcap climbs ₹18,168 cr

Shares of Wipro on Monday jumped nearly 14 per cent, adding Rs 18,168.68 crore to its market valua…

PTI   


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As markets start to turn, consulting will be first to pick up: Wipro CEO

Wipro’s CEO Thierry Delaporte said on Friday that the IT service market is seeing greenshoots of ev…

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HCL Tech cuts FY24 revenue growth guidance to 5-6%

IT company HCL Technologies on Thursday posted a 9.9 per cent increase in consolidated net profit t…

PTI   


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6 mins read

HCL Tech projects its revenue to grow between 6-8% in FY24

Indicating that the Indian IT sector might be entering the slow lane, HCL Tech said on Thursday tha…

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1 min read

Indian tech sector sees 40% surge in deal values in Q3

The Indian technology sector saw 87 deals valued at $1.4 billion in the third quarter this year, a …

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3 mins read

The average selling price of Indian smartphones has increased despite a flat market

The Indian smartphone market has remained flat year-on-year in Q3 2023 with 44 million smartphones …

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1 min read

HCL Q1 net profit rises 7% YoY on back of new order wins

On a quarter-on-quarter basis, the net profit fell 11 per cent, when compared to Rs 3,983 crore ear…

PTI   


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Sensex, Nifty log biggest single-day gain in 3 yrs as exit polls predict 3rd term for Modi govt

After the exit polls predicted the return of the Modi government for the third straight term, bench…

PTI   


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Tech Mahindra Q2 profit declines 61% to Rs 505 crore

IT company Tech Mahindra on Wednesday posted a 61% decline in consolidated net profit at Rs 505.3 c…

PTI