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HCLTECH WAGE HIKES
Cost pressures part of normal market evolution, says LTM CEOLTM CEO Venu Lambu downplayed AI-led deflation concerns, framing pricing pressures as normal market evolution requiring adaptation. He emph...- HCL Tech Q4 Preview: Will growth surprise investors after weak Wipro earnings?HCL Technologies is poised for a mixed March quarter, anticipating steady year-on-year growth but a sequential dip due to software seasonal...
- Gig worker shortage continues; IT weathers war jittersHappy Monday! Quick commerce, ecommerce and home service platforms are facing gig worker shortages. This and more in today’s ETtech Morning...
- HCLTech rolls out salary hike after Q2 resultsThe increments, which will be effective from this month, will be of the order of about 7%. Earlier, the IT major reported a profit after ta...
- IT margins may remain edgy on seasonal lows, deal ramp-downsA steep decline is, however, likely to be arrested by the rupee’s depreciation and cost rationalisation initiatives, most analysts said. Ma...
- IT firms see revenue growth outpacing headcount, says HCLTech CEOHCLTech CEO C Vijayakumar highlights the rising demand for skilled IT professionals despite slower headcount growth, leading to higher wage...
- HCLTech rolls out 1-4% wage hikes for junior employeesThe new wage hikes announced are being rolled out for the third quarter from October to December. HCLTech, which will report its third quar...
- Microsoft’s $3 billion India AI bet; Mobikwik earningsMicrosoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
- The new reality of IT raises: Why your next pay hike could be months awaySalary hikes in IT companies are shifting from the traditional April-June period to later in the year, introducing unpredictability. Raises...
- Indian software sector earnings will remain modest in Q1: here’s whyInfosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter...
- HCLTech bucks trend again, headcount rises by 2,725 employeesFor the full year as well, Noida-headquartered HCLTech added 1,537 employees from overall headcount of 225,944 in March end 2023. Similarly...
- Top four IT firms report 50,000 fall in headcount over last yearOver the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while ...
- HCLTech Q3 results preview: Revenue to grow better than peers; company may retain FY24 guidanceThe company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 cr, and net profit is expected to increas...
- HCLTech may not offer wage hikes to middle and senior-level staff in FY24The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positio...
- Infosys headcount drops by 7,530 in Q2, to roll out hikes from November 1The company also said it has a significant fresher bench and does not see a need to visit campuses this year as of now. Infosys reported a ...
- Indian techies may be in for a long wait as IT firms defer hikesInfosys and HCLTech have chosen not to implement raises, while Wipro has postponed its announcement to the third quarter. Tech Mahindra has...
- Nil to 1% hikes for LTIMindtree employees after months of delayET could not independently verify the share of the employee base that received such hikes but sources confirmed that a majority of junior t...
- Why HCLTech is confident about meeting guidance despite 1% decline in Q1 revenue“I do not think we will grow without adding any headcount. There will be some addition of headcount to support the growth because the ask r...
- Q1 IT preview: Weak macros signal dull quarter for IT, firms may narrow guidanceIndia's top four information technology firms are expected to post only a marginal increase sequentially in fiscal first-quarter revenue in...
- HCL Tech profit rises 6.8%; increases revenue guidance to 13.5-14.5%Revenue grew 19.5% on year to Rs 24,686 crore, beating analysts' estimates, on the back of growth in engineering, research & development se...
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