BUSINESS
Europe market outperforms North America in Q3 for IT cos; demand to return in H1FY25
According to analysts, early signs show that the weakness has bottomed out. In fact, one of them said IT services business will see a possible rebound soon, irrespective of whether the US cuts interest rates or not.
BUSINESS
Wipro says it sees green shoots in demand, caveats discretionary spend still elusive
The company won large deals worth $0.9 billion in Q3FY24, lower than $1.28 billion it won in the last quarter.
BUSINESS
Headcount in India’s top 3 IT firms drop by over 16,000 in Q3, HCL Tech bucks trend
Comparatively, these four companies had reported a decline in workforce by 21,213 in the second quarter
BUSINESS
Not against any individual, it's about contractual obligations: Wipro on lawsuits against former top executives
CEO Delaporte said Wipro is not destabilised by these decisions because "we have the pipeline"
BUSINESS
Infosys to skip campus hiring again, TCS to resume from FY25
This is the second quarter in a row when Infosys would skip campus hiring
COMPANIES-2
Infosys Earnings Preview Q3 FY24: Lower pass-through revenues, higher furloughs to drag down performance
Analysts believe Infosys will maintain its operating margin guidance of 20-22% for the financial year
TECHNOLOGY
IT Q3 FY24 earnings: Five factors to watch out for
Analysts expect IT companies to report subdued performance in the December quarter on the back of seasonal furloughs, continued cuts in discretionary spends, and tumbling deal announcements, among others
