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Latin America lures Indian IT firms

 While China is tipped to emerge as a major sourcing centre for IT and back-office skills in the next few years, Eastern Europe and Latin America are quickly gaining in popularity, primarily due to......

HCL Tech Q1 net profit surges 20.4% to Rs 4,257 cr

 IT services company HCLTech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25......

HCL Tech Q4 net profit flat at Rs 3,986 cr

 India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. Photograph: PTI Photo from the Rediff Archives......

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named new chief

 Indian IT major Wipro on Saturday announced the resignation of Thierry Delaporte as CEO and named Srinivas Pallia as the new Chief Executive Officer of the company, effective immediately. The......

Q3 continues to be a slow quarter for IT sector due to curtailed spending

 India’s top technology companies will witness a tepid revenue expansion in the third quarter (October – December) of the current financial year (Q3FY24) – along expected lines......

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

 At a time when the market is betting on a ‘higher for longer’ global interest rate view, Accenture’s (ACN) weak revenue forecast is a negative read-through for the Indian IT......

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