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Information technology

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

Thu, Jan 04, 2024

JP Morgan's report on ITSector, expecting recovery in the sector, upgraded some stocks, upgraded Infosys and LTTS to Overweight rating, know complete details in this video

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

Thu, Dec 14, 2023

IT companies boom in 2024! IT budget is going to increase in the new year, growth triggers for IT companies, #ITIndex at 20 month high, change in guidance of IT companies also possible

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Thu, Oct 05, 2023

Global brokerages bullish on T companies. Why did trust in IT companies increase? Top pick in IT of Global Brokerages? See complete details in this video

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HCL Tech's Q4FY17 net profit rises by 28%; revises guidance

HCL Tech's Q4FY17 net profit rises by 28%; revises guidance

Thu, May 11, 2017

The company reported consolidated net profit of Rs 2,475.27 crore, a rise of 27.67% from Rs 1,938.66 crore in the corresponding period of the previous year.

Snap's first earnings to shed light on battle with Facebook, Twitter

Snap's first earnings to shed light on battle with Facebook, Twitter

Thu, May 11, 2017

Investors delivered a stern message of disappointment to Facebook and Twitter when they posted debut quarterly scorecards following their IPOs. Twitter shares cratered 24 percent the following day, while Facebook`s tumbled 11 percent, drops that stand to this day as the biggest one-day losses for both.

Facebook rolls out 'Express Wi-Fi' in India, partners Airtel

Facebook rolls out 'Express Wi-Fi' in India, partners Airtel

Thu, May 04, 2017

"India's population is about 1.3 billion people, but only 390 million are connected to the Internet. Express Wi-Fi is part of our global initiative and we want to expand Internet connectivity to underserved locations," Facebook Asia Pacific Head of Connectivity Solutions Munish Seth told PTI.

Infosys plays down cost concerns from U.S. hiring plan

Infosys plays down cost concerns from U.S. hiring plan

Thu, May 04, 2017

The India-based IT services firm this week said it plans the hirings over the next two years and that it will open four U.S. technology centers. The move comes as Indian outsourcing firms have become political targets in the United States and have been accused of displacing U.S. workers` jobs by flying in foreigners on temporary visas to service U.S. clients.

H1-B visa row: Infosys announces hiring of 10,000 American to pacify Trump

H1-B visa row: Infosys announces hiring of 10,000 American to pacify Trump

Tue, May 02, 2017

Vishal Sikka, Chief Executive Officer, Infosys said, “Infosys is committed to hiring 10,000 American technology workers over the next two years to help invent and deliver the digital futures for our clients in the United States."

Amazon's results beat estimates, lifted by cloud unit; shares hit high

Amazon's results beat estimates, lifted by cloud unit; shares hit high

Fri, Apr 28, 2017

The world`s largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon - known among investors for heavy spending and roller-coaster results - posted a net profit. Analysts on average were expecting $1.12 per share, according to Thomson Reuters I/B/E/S.

Google parent Alphabet's profit up 29% on strong ad sales

Google parent Alphabet's profit up 29% on strong ad sales

Fri, Apr 28, 2017

Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.

Twitter gets lift from uptick in user numbers

Twitter gets lift from uptick in user numbers

Thu, Apr 27, 2017

Twitter shares have surged after its quarterly update showed improving growth in user numbers, offsetting concerns over a decline in revenue and another net loss for the social network.

Wipro Q4: Most analysts bet on muted numbers

Wipro Q4: Most analysts bet on muted numbers

Mon, Apr 24, 2017

Analysts at KR Choksey said, "We expect Wipro to record a USD revenue of $1944 million, up 2.2% qoq and mainly aided by consolidation of Appririo acquisition. Expect Wipro to report an EBIT margin of 16.3%, down 66 basis point on quarter-on-quarter (QoQ) led by consolidation of acquisition and INR appreciation against USD, EURO and GBP."

Digital payments in India reverse trend, grow in March

Digital payments in India reverse trend, grow in March

Wed, Apr 19, 2017

Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."

TCS unperturbed by possible changes to H1-B visa regime: CEO

TCS unperturbed by possible changes to H1-B visa regime: CEO

Tue, Apr 18, 2017

"Some of these engagements actually help get that message out also. People will understand us better for who we are, and I think engagement, communication and collaboration is the best way to deal with the political lack of understanding which comes. Democracy ought to deal with the emotional response that you see and you have to get over it and engage positively," Gopinathan said.

Trump to sign executive order on reform of H-1B visa system

Trump to sign executive order on reform of H-1B visa system

Tue, Apr 18, 2017

Trump is scheduled to travel to Milwaukee, Wisconsin, the home state of House of Representatives Speaker Paul Ryan, to sign the 'Buy American, Hire American' Executive Order.

Snap stock falls as alleged CEO comments rile some on social media

Snap stock falls as alleged CEO comments rile some on social media

Tue, Apr 18, 2017

The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years.

Infosys hints for buyback of shares in near term, here's what you need to know

Infosys hints for buyback of shares in near term, here's what you need to know

Thu, Apr 13, 2017

Motilal Oswal said, “Infosys is the only remaining company among the top-tier that is yet to reward its shareholders with a buyback, dispensing some of the idly-lying cash.”

Here's why TCS, Wipro shares slid after Infosys Q4 result

Here's why TCS, Wipro shares slid after Infosys Q4 result

Thu, Apr 13, 2017

Vishal Sikka's Infosys announced its fourth quarter ended March 31, 2017 result on Thursday.

Infosys Q4 net profit at Rs 3603 crore; dollar revenue guidance 6.5% - 8.5% in FY18

Infosys Q4 net profit at Rs 3603 crore; dollar revenue guidance 6.5% - 8.5% in FY18

Thu, Apr 13, 2017

Infosys sees revenue to grow 6.5% - 8.5% in constant currency and operating margin at 23-25% for the financial year 2017-18.

More people left Infosys in FY17; attrition rate at 19%

More people left Infosys in FY17; attrition rate at 19%

Thu, Apr 13, 2017

Infosys attrition rate increased year-on-year (YoY) as a total of 37,915 people left the company in FY17 as compared to the year before. Consolidated attrition rate from the company was at 19.2% for the year ended March 2017 as against 18.7% for the year ended March 2016.

Infosys justifies COO pay hike, says effective rise only 1.4%

Infosys justifies COO pay hike, says effective rise only 1.4%

Mon, Apr 03, 2017

Infosys, in a statement issued today, said it views Murthy's statement as "important feedback" and will continue to work with all stakeholders to ensure long-term interest of the company.

Narayana Murthy's tirade against top management salaries is hurting Infosys shares

Narayana Murthy's tirade against top management salaries is hurting Infosys shares

Mon, Apr 03, 2017

Infosys co-founder and now retired NR Narayana Murthy has once again voiced his displeasured over salaries being paid to top management of the IT major.

Well-positioned to continue leading India market: TCS

Well-positioned to continue leading India market: TCS

Sun, Feb 26, 2017

The company is quite "enthused" by the commentary and discussions on expanding digital infrastructure in the country, Tata Consultancy Services CEO Rajesh Gopinathan said in an interview with PTI.

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