TCS to make $125 mn balance provision in Q3 after US court rejects plea in Epic Systems case
In the lawsuit, Epic Systems alleged TCS employees of fraudulently accessing Epics software beyond the purview of the consulting contract in order to improve their competing product.
Tech Mahindra Q2 profit plunges 62% to ₹494 cr; revenue drops 2%
Sequentially, the profit declined 28.7% as against ₹692.5 crore in the June quarter.
Wipro Q2 profit flat at ₹2,667.3 cr; revenue dips 0.10%
The IT major expects its IT services revenue growth in the December quarter at -3.5% to -1.5%.
TCS Q2 Results: Profit up 8.7% to ₹11,342 cr; revenue rises 10%
The revenue from operations of the IT major stood at ₹59,692 crore in the September quarter this year, up 10% (YoY) as against ₹55,309 crore in the same period last year.
Tech Mahindra shares fall 4% post Q3 results: here’s why
Tech Mahindra share price declined 3.8% to hit an intraday low of ₹996.40 on the BSE, while it shed 6% in a week.
Mindtree-L&T Infotech merger completed; becomes 5th largest IT company by m-cap
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
Infosys to take shareholders' approval for ₹9,300 crore share buyback
The maximum buyback size is 14.84% and 13.31% of the aggregate of the total paid-up share capital and free reserves of the company.
Mindtree Q2 net profit grows 27.5% to ₹509 cr; revenue up 31%
The company’s revenue from operations surged 31.5% at ₹3,400.4 crore, compared to ₹2,586 crore in the same period last year.
Infosys to consider share buyback on October 13; stock rises 1%
Infosys will announce its June to September quarterly earnings results on October 13.
TCS shares fall 4% as Q1 fails to impress D-Street
TCS share price dropped 4.6% to hit a low of ₹3,116.40 levels after it reported lower-than-expected earnings for the first quarter ended June 2022.