HCLTech reported the sharpest fall of 11% in 5-year CAGR. However, at $55,704 aggregate revenue per employee, it’s still the highest among the top five
Fresh engineering graduates in India hired by top IT companies are facing financial strain, mental health issues and dashed career aspirations due to prolonged delays in onboarding.
The year is set to be a challenging one for IT companies as pressure piles up on margins and clients demand pre-inflationary pricing
KR Choksey is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1207 in its research report dated April 28, 2023.
While there is demand for generative AI-based solutions, companies are also worried about its implications. This has already led some firms to regulate its use, or ban the technology entirely
Sharekhan recommended Hold rating on Tech Mahindra with a target price of Rs 1100 in its research report dated April 27, 2023.
Motilal Oswal recommended Neutral rating on Tech Mahindra with a target price of Rs 1080 in its research report dated April 28, 2023.
TCS, Infosys, Wipro, and Tech Mahindra have all experienced net headcount reductions during one of the quarters. Wipro and Tech Mahindra have both seen a reduction in headcount for two consecutive quarters – in Q3 and Q4.
In this episode of Market Minutes, Shailaja Mohapatra talks about Wipro and Tech Mahindra's Q4 performance, Raymond and Godrej Consumer Products FMCG deal and Axis Bank's loss in March quarter. (With inputs from Sucheta Anchaliya). Also, catch Naveen KR, smallcase manager and senior director of Windmill Capital in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends
The IT services firm reported an order book of $592 million for Q4FY23, down by 25.5 percent QoQ from $795 million in Q3.
In Q4FY23, Tech Mahindra's overall headcount declined by 4,688 QoQ.
An average estimate of brokerages polled by Moneycontrol had expected the post-tax profit to rise 3 percent on a sequential basis but decline 11 percent annually to Rs 1,336 crore
The IT services firm is seen reporting a 14 percent increase in consolidated revenue on slowing deal closures and loss of wallet share among its top clients.
During the course of the league, a variety of events, such as chess tournaments, logo announcement event, etc. would be hosted globally.
According to experts, companies do not appear to be making any changes to their work arrangements currently but many said they are open to reconsidering remote work if the situation worsens.
The brokerage firm attributed the ratings cut to signs of prolonged weakness in BFSI and telecom verticals for these IT companies
As many as 1,778 shares advanced, 1,710 declined and 178 remained unchanged as the market snapped a nine-day winning streak to close in the red
The global brokerage firm downgraded Tech Mahindra Ltd to 'sell' from neutral and reduced the target price of Rs 955 a share from Rs 1,100 earlier
The mandatory training and screening programme, IGNITE, faced flak as the campus hires awaiting on-boarding for over a year now were told to either enrol for it or their offers will automatically get cancelled.
According to sources, about 600-700 freshers are impacted. In the face of global headwinds, other IT firms like Wipro and Tech Mahindra have also delayed on-boarding earlier
Top-level exits and appointments, the banking crisis in the US and Europe, a worsening macroeconomic climate, and uncertainty about budgets for the new fiscal, all have contributed to this state of affairs.
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Despite concerns over underperformance in near term, a management rejig at Tech Mahindra gave way for some positive views from analysts.