co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
The IT firm's board cited the company's market performance as one of the key reasons for the fatter pay package
Cognizant usually starts its increment cycle on August 1 but this time, the company has signalled some delays
The company saw its headcount increase by 7,500 sequentially, ending with 343,800 employees in Q2
Persistent Systems CEO Sandeep Kalra is hopeful that the macro uncertainties due to Trump’s tariffs and delayed decision making by clients will start to stabilise over the next one or two quarters.
China has responded to Trump’s AI action plan with the proposal of a global cooperation organisation
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, who too have been launching various programs to improve operating margins in the past two years amid growth slowdown.
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, which have also been launching various programs to improve operating margins in the past two years amid growth slowdown.
At the end of the June quarter, TCS had 6,13,000 employees. A 2 percent workforce cut will impact roughly 12,200 employees
'This is driven by where there is a skill mismatch, or, where we think that we have not been able to deploy someone,' Krithivasan told Moneycontrol.
'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
Infosys may have led the Tier-1 pack in Q1, but the bar was low, as macroeconomic conditions were challenging and client spending had not picked up significantly.
Vijayakumar was first appointed as the company’s CEO back in 2016, when he succeeded former CEO Anant Gupta. Prior to that Vijaykumar was serving as the chief operating officer, and has been with the IT firm for over 31 years in various roles.
The IT industry is at an inflection point as the companies navigate their hiring strategy amid AI disruption and the ongoing macroeconomic challenges.
In the previous quarter, the company had set its revenue growth guidance at 0-3 percent in constant currency for FY26. As of Q1FY26, Infosys has retained its operating margin guidance at 20-22 percent.
The attrition rate increased to 14.4% from 14.1% in the March quarter
The key market of the US, and the turnaround in the TMT vertical aided revenue
This move is expected to help Google attract customers in sectors such as financial services, healthcare, and the public sector, which handle sensitive data and have strict data residency needs, as AI becomes more widely adopted.
The investment firm currently employs around 7,000 people in its India GCC, and said it remains committed to maintaining that number.
With peers TCS and HCLTech struggling with weak demand, the Street will be keenly watching Infosys’ commentary on deal ramp-ups, AI-led transformation and the pace of recovery in key markets
Infosys has already concluded early discussions with each expert and will spend the coming weeks devising models and joint technology plans.
Lambu hits that another mega deal is on the cards and will be closed soon. It could be even bigger than the $450-million deal in the June quarter
While TCS’s work in quantum is still in the incubation stage, Peddigari noted that quantum AI could eventually lead to new levels of intelligence, automation, and innovation.
Wipro Q1 results: The firm's consolidated revenue from operations rose marginally to Rs 22,135 crore in Q1FY26 as against Rs 21,964 crore in Q1FY25. Both the topline and bottomline are a beat against average analyst estimates.
Wipro gave wage hikes ahead of time in September last year. And that was done within a year of rolling out wage hikes in December 2023, Govil had said in April.
Sequentially, the attrition rate increased to 15.1 percent for the last-twelve-month (LTM) basis. In Q4FY26, attrition stood at 15%.
