-
Jul 22, 2021 11:15 IST Times Now
Amid third wave fears, are India's corporates jumping gun?
The continued uncertainty surrounding the handling of the COVID-19 outbreak in India has posed a challenge to India Inc as far as the road back to the office is concerned.
-
Jul 21, 2021 09:20 IST Times Now
Wipro to invest $1 bn over next 3 years in cloud business
IT major Wipro has launched FullStride Cloud Services which brings together the company's full portfolio of cloud-related capabilities, offerings and talent.
-
Jul 20, 2021 07:30 IST Times Now
Infy, TCS, Wipro, HCL to hire over 1.20 lk freshers in FY22
The top four IT exporters in India have bagged big-ticket deals from MNCs as most of the global corporations step up spending on digital transformation in the aftermath of the pandemic.
-
Jul 17, 2021 20:45 IST TOI
Top 3 Indian IT cos set to roll out 1.05L job offers
India Business News: India's top three IT companies -- TCS, Infosys and Wipro -- are set to roll out around 1.05 lakh job offers in the financial year 2021-22 (FY22). This
-
Jul 17, 2021 17:30 IST India com
TCS, Infosys, Wipro to Hire Over 1 Lakh Freshers in FY 22 As Recruitment Drive Intensifies
As per updates, Wipro had brought on around 12,000 employees in the June quarter alone and Infosys has added around 8,300 employees and TCS added around 20,000 numbers to its ranks.
-
Jul 16, 2021 18:55 IST Times Now
Should you add Wipro on dips | Buy Now Sell Now Lens
Wipro end the day on a flat note after delivering 'best-ever' quarter in Q1. Revenue & profit beat estimates, the IT major upgraded guidance for second quarter of FY22 after robust growth. During the quarter, Wipro closed eight large deals worth over $715 million. CEO & MD - Thierry Delaporte remained confident of clocking doubl- digit growth ahead and added that the softness in margins won't impact growth trajectory. However, brokerages remained mixed on the counter. On BNSN Lens, Kunal Bothra of kunalbothra.co.in and Sharmila Joshi of sharmilajoshi.com shared their view on the near to long term prospects of the stock.
-
Jul 16, 2021 18:10 IST Times Now
Wipro leads on growth followed by Infosys; margins dip but all players expect double digit growth in FY22
So far TCS, Infosys and Wipro have reported their Q1 FY22 results. Wipro leads the pack with industry leading revenue growth of 12% in constant currency terms followed by Infosys posting growth of 4.8% QoQ and TCS revenues grew 2.4% QOQ. Margins for all players have come under pressure due to wage hikes etc with Wipro margins dipping the most by 220bps partly on account of impact of margin dilutive Capco acquisition. Attrition rate is rising in the industry but players do suggest that they have some margin levers. All players have said that the demand environment remains strong with strong deal momentum and growth is broad based across verticals/sectors. Despite a slightly soft Q1 TCS guided for double digit growth in FY22. Infosys revised FY22 revenue growth guidance upwards to 14% to 16% and maintained FY22 margin guidance at 22-24%. Wipro posted strong Q2 revenue growth guidance of 5% to 7%. Poonam Saney shares more details on how IT sector earnings have shaped up, let’s listen in
-
Jul 16, 2021 18:10 IST Times Now
IT sector Q1: Wipro leads followed by Infosys
IT sector posted strong revenue growth momentum in Q1 with Wipro posting industry-leading growth followed by Infosys; all players both large-cap and mid-cap guide for strong double-digit growth in FY22.
-
Jul 16, 2021 16:40 IST Times Now
TCS, Infy, Wipro to hire more than 1 lakh freshers in FY22
The hiring activity of Indian IT firms is showing signs of revival after the disruption caused by the deadly second wave in the country
-
Jul 16, 2021 12:35 IST Times Now
Decoding Wipro’s Q1 Results | Earnings With ET NOW | The Market
IT services company Wipro on Thursday reported a 35% year-on-year jump in consolidated net profit to Rs 3,230 crore for the quarter ended June 30, 2021. Revenue for the said quarter came in at Rs 18,252.4 crore, rose 22% against Rs 14,913.1 crore in the year-ago period. Commenting on the earnings, Wipro CEO Thierry Delaporte said: “Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, Sectors and GBLs. Our sequential revenue growth of 12.2% was well ahead of the top-end of our guidance range, both organically and with Capco.” We caught up with him along with Saurabh Govil, President & Chief Human Resources Officer, and Jatin Dalal, President & Chief Financial Officer, to decode the numbers. Watch the full interview here
-
Jul 16, 2021 10:10 IST Times Now
Nifty, Sensex near record highs in opening trades
BSE Sensex was quoting at 53,244 levels up 85 points or 0.16% while the broader Nifty50 index was at 15,953 levels up 28 points or 0.18% in the first hour of the trade.
-
Jul 16, 2021 09:20 IST Times Now
L&T Infotech releases Q1 numbers; Bandhan Bank's loans & advances surge | Top 5 stocks
WIPROConsol PAT 3238 cr vs 2974cr qoqConsol Revenue at 18252 cr vs 16245cr qoqIT Services Revenue was at $2,414.5 mn vs $2152mn, up 12.2% QOQIT services revenue at Rs 18048 cr vs 15892cr, up 13.6% QOQIT svc operating margin 18.8% vs 21% QOQ Angel BrokingCons NII at `475crvs `247cr YoY, up 92%PAT at `122cr vs `48.3cr, up 2.5xEBITDA at 170.6cr vs 70cr YoY4x Growth in Client Base over the Last Nine QuartersHighest gross client addition 1.2 mn ( up 26% qoq , 247% yoy )L&T infotechRev `3463cr vs `3269cr qoq up ^% PAT `496cr vs `545cr qoqGrowth was led by Hi-Tech/BFS/Insurance while Manufacturing was a dragMargin dips on wage hike impactAttrition rose by 290bp QoQ to 15.2%Q1 UPDATE:BANDHAN BANKLoans & Advances 80,128cr vs `74,331cr up by 8% yoyTotal Deposit 77,336cr vs 60,610cr up by 28% yoyCASA Deposit 33,197cr vs 22,473 up by 48% yoyLiquidity coverage ratio (LCR) as on June 30, 2021 at ~138%Collection efficiency* for the month of June 2021 was 80% Tata Elxsi Q1FY22 ReviewRevenue at 558.3C
-
Jul 16, 2021 08:15 IST Times Now
Wipro post strong Q1, Just Dial Board meet
Wipro post strong Q1, Just Dial Board meet today, Bandhan Bank reports Q1 operations update
-
Jul 15, 2021 20:35 IST Times Now
Wipro Q1 clocks best ever quarter with growth of 12.2%
We delivered our best-ever quarter…our sequential revenue growth of 12.2% was well ahead of the top-end of our guidance range, both organically and with Capco: Thierry Delaporte, CEO, and MD.
-
Jul 15, 2021 19:41 IST Times Now
Wipro to start calling back employees to office from Sept
Wipro plans to get employees back to office starting September, 2021
-
Jul 15, 2021 19:30 IST Times Now
Wipro Q1 review: strong Beat on revenue growth, Q2 revenue guidance strong at 5% to 7%
Wipro posted a fairly strong performance on the revenue front with a beat on revenues and profitability. The management shared a very strong revenue growth guidance of 5-7% for Q2. Q1 Margins, however, were under pressure at 18.8%. IT services grew at 12% QOQ in Constant currency terms (USD growth of 12.2% QOQ) and profits at Rs 3232 crore, up nearly 8.7% QOQ. Thierry Delaporte, CEO and MD said, Q1 organic growth stood at 4.9%, and the rest came from Capco. This was the highest ever organic QOQ growth in 38 quarters, and overall revenue growth was the best. Management is confident of double-digit growth in FY22 even without Capco. Overall demand environment is robust, pipeline quality is strong, and in Q1, they closed 8 large deals resulting in TCV of over USD 715mn. All markets are seeing solid demand, and large deals have been exceptionally strong in America's market. Management said that Margins at 18.8% of this Capco integration impact is about 1.3%, but they are confident that man
-
Jul 15, 2021 17:55 IST TOI
Wipro Q1 net profit rises 35.6% at Rs 3,243 crore
India Business News: IT services major Wipro on Thursday posted a 35.6 per cent rise in its consolidated net profit for the first quarter ended June 30, the company inform
-
Jul 15, 2021 16:50 IST Times Now
Wipro's Q1 net profit jumps 35% YoY, beats street estimates
Wipro Q1 results: The Bengaluru-based company said revenue for the said quarter came in at Rs 18,252.4 crore, rose 22 per cent against Rs 14,913.1 crore in the year-ago period
-
Jul 15, 2021 11:05 IST Times Now
IT Shines As Benchmark Indices Trade With Narrow Gains; Broader Market Outperforms
Infosys’ stellar performance in the first quarter of the financial year and the revision in its revenue guidance for the full year propelled IT companies higher for a second day in a row. Infosys itself was trading flat along with Tata Consultancy Services. However, the likes of HCL Tech, Tech Mahindra and Wipro ahead of its earnings announcement today were all trading with gains of 2.5% and more. With oil in focus once more and a deal likely to be struck between the UAE and Saudi Arabia to increase production, ONGC lost ground. It was the biggest loser on the Nifty 50, down 2.7%. The broader markets outperformed the benchmarks once ore, with the small cap index gaining over 1% and the mid cap index up close to 0.4%.
-
Jul 15, 2021 10:55 IST Times Now
IT cos may call some workers back to office; many jabbed
Many IT companies may call a percentage of their employees back to offices given they have vaccinated enough employees
Headlines Today is a platform to find all the news at one go and to personalise the utility and other information.