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2 mins read

Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%

At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…

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3 mins read

Wipro clocks 12% net profit in Q1; attrition rate falls

Wipro has reported a consolidated net profit for Q1FY24 at Rs 2,870 crore. The IT major has guided …

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3 mins read

It is attrition rates and not the wage hikes dampening Indian IT cos earnings

The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…

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1 min read

Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes

The Bengaluru-based information technology (IT) giant Wipro just announced its financial performanc…

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The attrition at Infosys is worse than that at Wipro, Salil Parekh has increased hiring plan by 10,000

Attrition is used to describe the rate at which employees are leaving the company. “We continue …

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3 mins read

Cognizant’s latest earnings have a silver lining for Indian IT majors TCS, Infosys and Wipro

$NIFTYIT.NSE is in a downtrend. It's Better to avoid this sector unit it fills the breakaway ga…

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TCS, Infosys, and Wipro hired 2.33 lakh employees in FY22 to tame high attrition

For the last one year, the India’s as well as global information technology (IT) sector is going th…

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1 min read

Wipro increases hiring plan to 30,000 as attrition hits a new high

IT services giant Wipro plans to hire 30,000 freshers in 2023 as attrition rate increases to 22%. …

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5 mins read

Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools

Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…

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4 mins read

IT majors cut down hiring by half despite high attrition

Three out of four major Indian IT companies have announced their Q2 FY23 results. While the demand …

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3 mins read

More employees are leaving Infosys, Tech Mahindra than TCS and Wipro

Shares of information technology (IT) firm Tech Mahindra slumped nearly 4% on February 2 as investo…

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5 mins read

Recession in the US may cool off attrition in IT sector along with revenues

After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…

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Talent from large IT firms has been flowing towards India's tech startups

Lathika Pai, Country-Head VC & PE partnership Microsoft on how India's tech startups are flowing wi…

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3 mins read

Tech Mahindra's attrition rate is nearly twice that of TCS

At a time when information technology (IT) companies are enjoying overwhelming demand for digital t…

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Moonlighting is an ethical issue says TCS HR head

TCS reported a surge in attrition rates in the September quarter – at 21.5%, it is the highest in t…

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5 mins read

Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback

Indian IT major Wipro on Thursday posted a 0.6% sequential decline in constant currency revenues fo…

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1 min read

Cognizant is giving positive vibes to the Indian IT industry with strong revenue growth and an improving attrition rate

Nasdaq-listed information technology (IT) major Cognizant Technology Solutions has delivered its hi…

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3 mins read

TCS, Infosys, HCL Tech and Wipro open up lateral hiring as more people walk out the door during the COVID-19 pandemic

Every major Indian IT tech company decided to go slow on hiring or suspended hiring altogether at e…

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4 mins read

The street is dumping HCL Tech shares because its employees are leaving at a faster rate than ever before

However, the stock slipped nearly 7% when the market opened for trade on Monday (Jan 17). So…

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5 mins read

Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations

Indian IT services company Wipro said on Friday that it expects its constant currency revenue to gr…