BUSINESS
Wipro revises revenue guidance to -1% to 1% for Q2FY25 from -1.5% to 0.5%
Total bookings in the June quarter stood at $3.3 billion, lower than $3.79 billion in the January-March period
BUSINESS
India's top 3 IT firms report over 4,500 headcount reductions in Q1
Infosys and HCLTech cumulatively saw their headcount drop by 9,988 in Q1.
BUSINESS
Infosys Q1 results beats estimates, raises revenue guidance to 3-4%
Analysts had anticipated Infosys to maintain FY25 revenue growth guidance at 1-3% in CC terms.
BUSINESS
Wipro particular in ensuring contractual obligations are followed: Chairman Rishad Premji
Premji also said Wipro has bred many CEOs that have gone out to build organisations elsewhere
BUSINESS
Wipro Q1FY25 earnings preview: Top five factors at play
Wipro’s consulting business might recover in Q1, however, macroeconomic impact and continued softness in certain verticals will continue to drag the topline, analysts say.
BUSINESS
Infosys Q1 earnings: Five factors to watch for
Potential tailwinds include the absence of visa costs and the ramp-up of large deals, while persistent macroeconomic issues and cross-currency are the likely challenges.
BUSINESS
Karnataka wants to be home to 15% of global GCCs by 2030, eyes 1 million jobs
Karnataka is the first state in the country to come up with a dedicated GCC policy to attract higher investment in the growing sector
BUSINESS
HCLTech working on over 200 Gen AI PoCs, many enter production
HCLTech has trained and certified approximately 42,000 employees with Gen AI skills and aims to cross the 100,000 mark by year end.
BUSINESS
TCS on-boards 11,000 trainees in Q1FY25, resolves all delayed hiring backlogs
TCS is in the process of completing selection from its National Qualifier Test (NQT) and will hire more candidates.
BUSINESS
TCS doubles its AI and Gen AI pipeline again in Q1 to $1.5 billion
CEO Krithivasan said TCS is executing about 270 AI projects and many AI use-cases are steadily going into production.
BUSINESS
TCS headcount up 5,452 in Q1, reverses decline of 3 quarters
Attrition for the quarter fell to 12.1%, continuing its downward trend from the previous quarter’s 12.5%.
BUSINESS
IT Q1 FY25 earnings: Five factors to watch out for
Analysts unanimously believe that Q1 would be sequentially better than the last quarter, driven by seasonal improvements and ramp-up of large cost takeout deals.
BUSINESS
TCS vs Wipro: Who'll win the AI platform war?
Choosing between the two platforms depends on whether a business prioritises streamlined GenAI integration or future-focused solutions, says industry experts
BUSINESS
Techies with machine learning, Python skills in demand for Gen AI jobs in IT companies
Companies such as IBM, Coforge, L&T Technology Services, and Happiest Minds are seeking professionals skilled in machine learning, data science, and cloud engineering
BUSINESS
Indian IT cos struggle with Gen AI rollout delays amid rising compute, cloud cost
Analysts also pointed out that a critical barrier in GenAI adoption is the lack of a robust data foundation in most organisations.
BUSINESS
Infosys working on 225 Gen AI programmes for clients, says Chairman Nandan Nilekani
In response to a shareholder query on the company's acquisition strategy, CEO Parekh said Infosys is exploring sectors such as SaaS and cloud.
BUSINESS
Ex-US ambassador-backed firm Terra plans big investment in Indian AI startups with $2.5-billion fund
The Terra Invest fund aims to pump in money in startups working on AI-based solutions for financial services, healthcare distribution and clean energy
BUSINESS
IT companies' digital spending to increase by 13% to over $26 billion in 2024
The anticipated jump in digital spending will be a shot in the arm for the IT sector, which is facing sluggish demand due to macroeconomic challenges.
BUSINESS
Wipro to continue with strategic acquisitions, invest in talent to fuel growth, says CEO Pallia
Pallia disclosed that the company holds 470 AI patents, and its Lab45 AI platform is ready to use.
BUSINESS
Wipro trained over 30,000 employees in advanced Gen AI skills: Rishad Premji
Wipro has trained over 225,000 employees in Gen AI fundamentals and has actively deployed the nascent tech across internal processes.
BUSINESS
Mixed bag for Indian IT: What Accenture's earnings imply for TCS, Infosys, others
Mid-tier IT companies might bear the brunt from the onslaught of their larger peers as the race to grab large deals, according to analysts
BUSINESS
Infosys expects telecom, automotive, and banking sectors to drive demand for its Gen AI suite Aster
The total addressable market for the offering is around $150-160 billion across various industry segments.
BUSINESS
Wipro investing significantly in AI, Gen AI startups, says CTO Tatavarti
Wipro's strategy also involves in making AI technologies more accessible by reducing costs associated with high-performance computing
BUSINESS
AI today is absolutely at the forefront of marketing, says Infosys CMO Sumit Virmani
Sumit Virmani believes that Gen AI is going to be a true game-changer and “marketeers” who embrace it in a responsible way.
