It Services

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It Services - Total results - 145
Coronavirus Outbreak: Facebook extends work from home policy; employees to work remotely until year-end
Business

Coronavirus Outbreak: Facebook extends work from home policy; employees to work remotely until year-end

Facebook Inc said on Friday it would allow its workers who are able to work remotely to do so until the end of the year as the coronavirus pandemic forces governments to extend stay-at-home orders to curb the spread of the disease, Reuters reported

Coronavirus Impact: IT services companies to suspend hiring this year, says industry veteran Mohandas Pai
Business

Coronavirus Impact: IT services companies to suspend hiring this year, says industry veteran Mohandas Pai

India's information technology services industry would see hiring freeze this year and senior-level staff taking a 20-25 percent salary cut due to the adverse impact of the COVID-19 pandemic, says IT industry veteran T V Mohandas Pai

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
Business

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday

TCS Q4 consolidated net profit dips marginally to Rs 8,049 cr, revenue rises 5% to Rs 39,946 cr
Business

TCS Q4 consolidated net profit dips marginally to Rs 8,049 cr, revenue rises 5% to Rs 39,946 cr

The country's largest software services firm Tata Consultancy Services on Thursday reported a marginal drop in consolidated net profit to Rs 8,049 crore for March 2020 quarter

Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore
Business

Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore

Shares of IT major Wipro on Thursday dropped 6 percent after the company posted a 6 percent decline in net profit for March quarter that was battered by the fallout of Covid-19

Wipro Q4 net profit slips 6% to Rs 2,345 cr; suspends revenue guidance amid uncertainty over coronavirus
Business

Wipro Q4 net profit slips 6% to Rs 2,345 cr; suspends revenue guidance amid uncertainty over coronavirus

IT major Wipro Ltd on Wednesday posted nearly 6 percent decline in consolidated net profit to Rs 2,345.2 crore for January-March 2020 quarter, and suspended revenue growth guidance due to uncertainty in the external environment amid coronavirus pandemic

Coronavirus Outbreak: Nasscom urges Centre to reimburse 'paid leave' given to staff during lockdown
Business

Coronavirus Outbreak: Nasscom urges Centre to reimburse 'paid leave' given to staff during lockdown

IT and ITeS industry body Nasscom has urged the Centre to reimburse the payroll cost of employees who were on "paid leave" on account of any COVID-19 related lockdown measures till 31 March, 2021, among other concessions and facilities

Coronavirus Outbreak: Which sectors will bounce back, which will take time post-lockdown, experts weigh in
Business

Coronavirus Outbreak: Which sectors will bounce back, which will take time post-lockdown, experts weigh in

Sectors that depend on people's behaviour would take the longest time to recover after the end of the lockdown period, while those curbed by the government to contain the spread of coronavirus are set for a bounce-back immediately after the restrictions are removed, say experts

Wipro Q3 net profit dips 2.17% to Rs 2,456 cr; company expects IT services revenues of $2.1 bn in Q4
Business

Wipro Q3 net profit dips 2.17% to Rs 2,456 cr; company expects IT services revenues of $2.1 bn in Q4

IT services major Wipro on Tuesday posted 2.17 percent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter

Massive H-1B visa denial rates for Indian IT companies under Trump administration, says report
Business

Massive H-1B visa denial rates for Indian IT companies under Trump administration, says report

As a result of the more restrictive Trump Administration policies, denial rates for H-1B petitions have increased significantly from just six percent in 2015 to 24 percent in the third quarter of the current fiscal, a study carried out by an American think-tank has showed

Wipro September quarter net profit jumps 35% to Rs 2,552 cr, beats estimates; revenue up 4%
Business

Wipro September quarter net profit jumps 35% to Rs 2,552 cr, beats estimates; revenue up 4%

Wipro reported a better-than-expected September-quarter profit on Tuesday, as the Indian software exporter managed to withstand a global spending squeeze among its financial clients that has hurt the sector overall

TCS vs Infosys: While Tata's flagship firm's earnings disappoint Street, Infosys marginally ahead of estimates; Q2 analysis in 6 charts
Business

TCS vs Infosys: While Tata's flagship firm's earnings disappoint Street, Infosys marginally ahead of estimates; Q2 analysis in 6 charts

On the rupee revenue front, both TCS and Infosys had reported record numbers at least in 22 quarters

HCL Tech net profit falls 8.2% to Rs 2,230 cr in June quarter; revenue up 18.3% to Rs 16,427 cr
Business

HCL Tech net profit falls 8.2% to Rs 2,230 cr in June quarter; revenue up 18.3% to Rs 16,427 cr

IT major HCL Technologies on Wednesday posted a 8.2 percent decline in its consolidated net profit to Rs 2,230 crore for the quarter ended 30 June

Tech Mahindra Q1 net profit rises 6.8% to Rs 959 cr; total income up 7.2% to Rs 8,994 cr
Business

Tech Mahindra Q1 net profit rises 6.8% to Rs 959 cr; total income up 7.2% to Rs 8,994 cr

IT company Tech Mahindra posted a 6.8 percent increase in net profit to Rs 959.3 crore for the first quarter of 2019-20 compared to Rs 897.9 crore in the same quarter of last year

Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit
Business

Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit

Shares of Wipro rose nearly 4 percent on Thursday after the company posted a 12.5 percent rise in consolidated net profit for the April-June quarter

Mindtree Q1 net profit falls 41.4% to Rs 92.7 cr; confident of higher-than-industry growth rate in current fiscal
Business

Mindtree Q1 net profit falls 41.4% to Rs 92.7 cr; confident of higher-than-industry growth rate in current fiscal

Mid-sized IT firm Mindtree on Wednesday posted a 41.4 percent decline in consolidated net profit to Rs 92.7 crore for the June quarter, but exuded confidence in delivering "above-industry growth rates" in 2019-20

TCS vs Infosys: While Tata's gem dazzled in net profit, Bengaluru firm did well on revenue front; Q1 analysis in 6 charts
Business

TCS vs Infosys: While Tata's gem dazzled in net profit, Bengaluru firm did well on revenue front; Q1 analysis in 6 charts

In the June quarter, on net profit front both IT majors have beat analysts' estimates while on the operating profit margin front, there were some disappointmentsv

TCS' Q1 consolidated net profit rises 10.8% to Rs 8,131 cr; revenue up 11.4% to Rs 38,172 cr
Business

TCS' Q1 consolidated net profit rises 10.8% to Rs 8,131 cr; revenue up 11.4% to Rs 38,172 cr

The country's largest software services firm Tata Consultancy Services (TCS) Tuesday reported 10.8 percent growth in consolidated net profit to Rs 8,131 crore for the quarter ended 30 June

Economic Survey 2018-19 suggests rationalisation of tax policy for startups to encourage 'innovative investments'
Business

Economic Survey 2018-19 suggests rationalisation of tax policy for startups to encourage 'innovative investments'

The Economic Survey for 2018-19 noted that countries across the world recognised the need to evolve a tax system that can foster innovation

TCS hikes stake to 66% in Japanese JV with Mitsubishi Corporation with $32.6 mn investment
Business

TCS hikes stake to 66% in Japanese JV with Mitsubishi Corporation with $32.6 mn investment

IT services major Tata Consultancy Services (TCS) Monday said it is increasing its holding to 66 percent in TCS Japan Ltd - its joint venture with Mitsubishi Corporation (MC) - with an investment of 3.5 billion yen ($32.6 million or Rs 226.2 crore)