Has IT Sector Bottomed Out?
Three months into FY25, CEOs are still skeptical about a full recovery.
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August 2024
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August 2023
HCLTech shares jump 5% on ₹4,257 cr Q1 profit
HCLTech expects to grow in all verticals except financial services in Q2.
HCLTech Q1 profit jumps 20% to ₹4,257 cr
Revenue from operations rose 6.7% year-on-year to ₹28,057 crore in the first quarter of financial year 2024-25.
HCLTech Q4 profit flat at ₹3,986 cr; revenue up 7.1%
For fiscal year FY24, HCLTech’s INR revenue surged 8.3% to ₹109,913 cr, while profit recorded 8.4% growth
HCLTech faces ransomware attack, launches probe
A detailed investigation is underway in consultation with relevant stakeholders to assess the root cause and take remedial action as necessary, says HCLTech.
HCL Technologies shares slip on stake sale in U.K.-arm
HCLTech Investments UK, a wholly-owned subsidiary of HCLTech, has signed a MoU with its JV partner, State Street International Holdings, to sell the entire 49% stake in the JV to State Street
IT Firms: Mind The Bend
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
HCLTech gains 3% on strong Q2 earnings
HCLTech share price rose despite the company slashing its revenue growth guidance for the current fiscal.
HCLTech signs $2.1-billion deal with Verizon; stock rises
Shares of HCLTech rose as much as 4% in opening trade to ₹1,186.70 apiece on the BSE.
