LTTS said that under a key part of the agreement it will train and reskill these engineers who, supported by the LTTS Global Engineering Academy, will be placed to work in other fields within the LTTS network over time.
The IT services firm reported an order book of $592 million for Q4FY23, down by 25.5 percent QoQ from $795 million in Q3.
Tech Mahindra has reported net deal wins of $716 million and remains cautious of macro uncertainty
The company won over 11 large deals, eight of which were in services while three were in products.
Supply-side constraints and macro uncertainties weigh on the margins of IT companies in Q1
The company had a strong booking with 16 deals across life sciences, healthcare, manufacturing, financial services and technology segments.
Order inflows in the June quarter are equivalent to 45 percent of the total deal wins in FY21. The strong order wins will help Mphasis overcome revenue deceleration in one large account
The Bengaluru-based firm won six large deals worth USD 806 million for the quarter that ended on March 31, 2017
Som Mittal, President, NASSCOM believes that since the macro economic factors have not changed much since their February forecast, they would not be reviewing the forecast at present.
HCL Technologies first quarter net profit rose 78% year-on-year (4% sequentially) to Rs 885 crore, sending its shares to a 52-week high as the India's fourth largest software services provider yet again topped street expectations.
CNBC-TV18 catches up with Vineet Nayyar, chairman of Mahindra Satyam to get his perspective on the business prospects of his company and the sector in the current quarter and the way forward.