The firm said it expects revenue to grow between 2 per cent to 3 per cent in constant currency terms for Q4FY21
Sharekhan expects the company to maintain its margin guidance of 20 per cent-21 per cent for FY21
Infosys, Wipro, MphasiS and HCL Technologies from the Nifty IT index were up between 2 per cent and 3 per cent
Phase-1 completed on time; phase-II had to be halted for nearly two months, and the pace of work remained sub-optimal during subsequent lockdown periods as well
Ramdev, partner see biggest jump in wealth in percentage terms
In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.
Strong deal pipeline is keeping analysts bullish; 41 out of 45 have a 'buy' rating
Digital acceleration, large deal wins, client mining, market share gains and margin improvement remain key long term drivers for IT sector, according to analysts
Experts say the move will also encourage companies to focus on innovative products and solutions and improve BPM delivery efficiencies
Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore
Indian IT firms say workplace-independent model, local hiring will help them meet challenge
A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally
Dollar revenues stood at $2,507 million, a 4.5 per cent rise in constant currency terms over the previous quarter
US elections, a seasonally weak Q3, and sharp stock gains are weighing on return expectations
Since we have done very well in Q2, we have to deliver the incremental growth in Q3 and Q4 on this expanded base, said Vijayakumar
Business Standard brings you the top headlines of the day
The stock has outperformed the market by surging 81 per cent in the past six months, against 31 per cent rise in the S&P BSE Sensex
On a sequential basis, net profit was 7.4% higher from Rs 2,925 crore, while top line was higher by 4.2% from Rs 17,841 crore in June 2020 quarter
Thus far in the financial year 2020-21, the IT index has outperformed the market by surging 74%, as compared to a 38% rise in the Sensex till Wednesday.
Analysts at IDBI Capital forecast revenue growth of 3.9 per cent QoQ in constant currency.