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...
13 Oct, 2025, 09.31 PM IST
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...
07 Apr, 2025, 06.00 AM IST
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...
15 Jan, 2025, 03.18 PM IST
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...
07 Jan, 2025, 11.28 PM IST
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.
07 Jan, 2025, 08.00 PM IST
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...
07 Oct, 2024, 11.11 AM IST
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...
03 Jul, 2024, 07.03 AM IST
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...
26 Apr, 2024, 09.16 PM IST
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 ...
13 Jan, 2024, 06.01 AM IST
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...
11 Jan, 2024, 06.44 PM IST
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...
25 Oct, 2023, 02.36 PM IST
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 ...
12 Oct, 2023, 05.24 PM IST
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...
04 Sep, 2023, 11.17 AM IST
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...
30 Aug, 2023, 09.22 PM IST
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...
13 Jul, 2023, 12.37 PM IST
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...
06 Jul, 2023, 06.00 AM IST
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...
13 Oct, 2022, 08.45 AM IST