Breaking news: Infosys has slashed its FY24 growth guidance by more than half as clients defer decisions and starting dates. This is a major shift in the IT sector, with potential implications for many businesses.
India’s technology services sector has officially hit the slow lane with Infosys cutting its revenue guidance for the financial year by more than half. The company said on Thursday that it expects to grow its revenues between 1%-3.5% in FY24 against 4-7%. The company retain margins between 20%-22% through FY24.Explaining the rationale behind the guidance cut, Salil Parekh, […]
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Wipro Q1 results: Net profit increases 11.9% to Rs 2,870 cr, while sales increases 6%.
IT giant Wipro Ltd. announced on Thursday that its net profit for the three months that ended on June 30 increased by 11.9% to Rs 2,870.1 crore. The company stated in a regulatory filing that during the first quarter of the current fiscal year (Q1FY24), “It registered an increase of 6% year-over-year (YoY) in its […]
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