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LTIMINDTREE DEAL CLOSURES
LTIMindtree shares tank nearly 7% as Q3 profit falls 11%. What should investors do?LTIMindtree shares tumbled nearly 7% after it reported an 11% year-on-year net profit decline in Q3, largely due to a one-time Rs 590 crore...- Wipro’s Q1 report; Former Nexus MD’s new fundHappy Friday! IT major Wipro reported an 11% rise in net profit, just ahead of Street expectations. This and more in today’s ETtech Morning...
- Wipro, Infosys and other IT stocks fall up to 2% as weak TCS results, macro uncertainty weigh on sentimentIndian IT companies' shares faced a decline. This followed Tata Consultancy Services' (TCS) weak revenue report. TCS's cautious forecast al...
- Muted Q1 awaits IT on sluggish spends and deal momentumIndia's IT sector anticipates muted Q1 results due to cautious corporate tech spending, impacting major firms like TCS and Wipro with poten...
- AI becoming part of large deals, closure cycles longer: LTIMindtree CEOLTIMindtree is integrating AI, including agentic and generative AI, into its large deals, although these deals have a longer closure cycle....
- LTIM shares fall 5% despite reporting 8% YoY growth in Q2 PATShares of LTIMindtree dropped by 5% despite an 8% YoY growth in net profit to Rs 1,251 crore and revenue climbing 6% in Q2 2024. The compan...
- LTIMindtree reports 7.7% rise in profitThe Mumbai-headquartered IT services company reported a 5.9% growth in consolidated revenues at Rs 9,432.9 crore in Q2FY25 as compared with...
- LTIMindtree declares Rs 20/share interim dividend, sets October 25 as record dateLTIMindtree will give its shareholders a Rs 20 dividend for each share they own. To receive this payment, shareholders need to have their s...
- LTIMindtree Q2 Results: Net profit rises 8% YoY to Rs 1,251 crore, revenue up 6%IT services company LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1,251 crore in the quarter ended Septe...
- Furloughs to weigh on Q3 revenue of IT companies, says Motilal report. HCL top buyA combination of adverse macros and a higher-than-expected number of furloughs could bog down revenue conversion of top Indian IT companies...
- 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...
- Dunzo’s downfall: from startup star to sinking ship? and other top tech stories this weekThis week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the ...
- Coforge Q1 Results: Net profit rises 10.4% to Rs 165 croreCoforge, the Indian IT service firm, announced a Q1 profit of $20m, up 10.4% YoY, which it said was due to increased orders. Revenue rose a...
- LTIMindtree CEO Debashis Chatterjee says deal delays consistent across all business sectorsIndia’s sixth largest IT firm said it was witnessing delayed decision making and hiring freeze from clients’ side despite a “robust” deal p...
- IT cos to log muted Q1 as macro woes persist; recovery may be gradual, say analystsAs tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the re...
- IT companies to log muted Q1 as macro woes persist; recovery may be gradual, say analystsAs tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the re...
- Wary VCs step up diligence; new-age ecommerce firms get investor attentionAmid the overall decline in venture capital funding, investors are taking more time to scrutinise startup business models before closing de...
- Banking crisis: Indian IT-BPM companies may feel the heatThe collapse of large banking institutions may not only lead to a reduction in existing business but also trigger reduced tech spending in ...
- TCS, Infosys have highest exposure to US regional banks: JP MorganTop Indian information technology firms Tata Consultancy Services and Infosys have high exposure to regional banks in the United States tha...
- After 12 quarters, FIIs make a comeback in this IT stock; what’s changed the mood?While announcing its September quarter earnings, HCL Tech had raised the constant currency revenue growth guidance to 13.5-14.5% for FY23. ...
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