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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 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...
- Currency tailwinds may help IT companies shake off seasonal December bluesIndia's technology outsourcing industry is expected to improve in the December quarter due to currency benefits. However, caution remains a...
- From 3.2L in 2011 to just Rs 3.75L in 2024: Ex-Infosys CFO Mohandas Pai's shocking comparison between CEOs vs freshers' salariesIndia’s IT sector faces criticism over stark wage inequalities, with fresher salaries barely growing in over a decade while top executives ...
- 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...
- HCLTech Q1 net profit up 6.8% at Rs 4,257 crore; beats estimatesHCLTech's profit rose 6.8% to Rs 4,257 crore, driven by $70 million non-core income. EBIT, revenue declined. TCS earnings boosted stocks. C...
- 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...
- Top IT companies may log muted Q2 growth on macro uncertaintyThough the top tier firms have been announcing large deal wins over the past few weeks, brokerages believe they are unlikely to translate i...
- 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...
- 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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