Wipro is going to report its earnings for the first time under the new CEO, Srinivas Pallia after the resignation of Theirry Deaporte, The company is expected to report muted earnings for this quarter according to analysts. What is the Market Expecting? According to the latest poll of CNBC-TV18, Wipro Ltd. is likely to give …
As the leaves change and autumn sets in, India’s IT giants have revealed their financial performance for the September 2023 quarter. In this blog post, we’ll take you through the latest earnings reports and explore the key takeaways from their financials. Join us as we dive into the numbers and uncover the intriguing stories behind …
The IT sector holds immense importance in the Indian industry and plays a vital role in generating export revenue for the country. It is not only one of the largest contributors to India’s GDP, accounting for around 7.7%, but it is also projected to increase its contribution to about 10% by the year 2025. Moreover, …
The markets were largely disappointed by the 10% fall in net profits reported by TCS. Revenues for the first quarter were flat as was expected. The immediate reaction in the press and among the media was to blame the company and the recent management shift for the disappointment on the quarterly performance front. But a …
We often see that two persons with the same educational qualifications and intellectual pedigree differ vastly in their investment performance. There are people who can never get their equity investments to delivery above average returns. On the other hand, there are investors who seem to have the Midas-touch each time they enter stock markets. Is …
India has always been traditionally known for its large-scale hiring in the IT sector, but the picture doesn’t seem the same anymore. Now, the IT companies reflect a focus on quality over quantity. The country’s top IT sector companies like Wipro, Infosys and Tata Consultancy Services (TCS) recently announced their quarterly results and reported a …
Indian headline indices were skyrocketing higher and frequently setting new records for all-time highs. The BSE Oil & Gas and BSE Energy sectors outperformed all others with gains of more than 2% each, while the auto, healthcare and IT sectors lagged. APL Apollo Tubes Ltd drew investors due to its remarkable upswing. On an intraday …
Buybacks involve companies using their own cash to repurchase shares from existing shareholders. This can be a signal of management’s confidence in the company’s future prospects, as it reduces the number of shares outstanding and potentially increases earnings per share. The table below presents an overview of the buyback activities conducted by IT firms over …
The Indian IT sector, a major contributor to the country’s economy, is facing headwinds after global IT major Accenture cut its full-year revenue growth forecast for the fiscal year ending August 2024. This revision has sent shockwaves through the industry, leading to a sharp decline in Indian IT stocks. Reacting to this news, The Nifty …
On Wednesday, January 12, 2022, three giants from the IT pack, Infosys, Tata Consultancy Services, and Wipro, reported third-quarter results. This time, the IT index saw an action-packed result day due to all three companies declaring the quarterly results on the same day for the first time. The rise of digital demand has boosted the …
