Page 4 - It Sector

Q1 results: 230 early bird companies report 71% jump in net profit

Good Q1 showing on the back of last year's low base; sales low sequentially

Mphasis surges 12%, hits new high on strong June quarter results

Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company

Mastek hits new high on healthy June quarter results

In the past six months, Mastek's market price has more than doubled as against a 4.6 per cent rise in the S&P BSE Sensex

HCL Technologies dips 2% as company reports lower-than-expected Q1 results

The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22

HCL Tech Q1 preview: Analysts see 6-11% YoY PAT growth, strong deal win

HCL Tech Q1 preview: Most analysts expect a contraction in HCL Tech's margin, hurt by wage hikes in Q4 and investment in geo & sales expansion.

L&T Technology zooms 15%, hits record high on strong June quarter results

The stock of the internet software and services company surpassed its previous high of Rs 3,062.45 hit on April 9, 2021

Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance

Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY

Mindtree surges 9%, hits new high on healthy June quarter results

Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note

Infosys Q1 preview: PAT likely to grow 27-30% YoY; may up FY22 guidance

Infosys' outlook will be key to watch, with many brokerages penciling in a rise in the company's FY22 revenue guidance

Brightcom Group rallies ahead of preferential issue, zooms 174% in a month

Brightcom Group had signed a LOI to acquire a digital marketing services company based out of India with 1100 employees and premium clients such as Netflix, Disney, Bitly, Hulu and The New York Times

India Inc loosens purse strings for sales, IT functions, says report

With technology and sales becoming critical functions for business continuity and recovery, the salaries that these professionals command have increased significantly with a median increment of 7.12 per cent; while for super-specialised jobs, it was over 11 per cent, according to a report. According to the latest 'TeamLease Jobs and Salaries Primer Report 2021', while the median salary increment was 7.12 per cent, the average growth of salary for talent in IT and sales functions have been 8.55 per cent and 9.82 per cent, respectively. As per the report, the positivity is not restricted to sales and IT functions alone, but also to super-specialised jobs that are being rewarded handsomely. Super-specialised jobs have commanded a salary increment of over 11 per cent. The 'Jobs and Salaries Primer' is an annual report from TeamLease Services Ltd that analyses the hiring and salary trends across industries. The latest edition has taken into consideration the salary payouts of over 2,63,0

Twitter India releases its transparency report under new IT rules

According to the data, Twitter in India received the highest number of complaints, 20, relating to defamation

TCS Q1 numbers a blip or sign of times to come? Here's what analysts say

TCS missed analyst expectations as India business pulled down revenue growth

Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

Spurt in outsourcing, digital deals to drive IT sector rebound: Crisil

The 100 billion dollar information technology services sector will stage a strong recovery this fiscal with revenue growth of 10 to 11 per cent, according to Crisil Ratings

Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies

A strong operational performance by Accenture during Q3FY21 in its outsourcing vertical sets the tone for an upcoming earnings season for the Indian IT service companies, Edelweiss Research said

Behind Twitter's 'non-compliance' with new IT rules: Covid-19 pandemic

Twitter said it had appointed a nodal contact person and a resident grievance officer as required under the rules

Infosys hits record high, rallies for 8th straight day; up 13% in a month

The stock hit a record high of Rs 1,484.10, surpassing its previous high of Rs 1,480 touched on April 12, 2021

NIIT, Aptech surge over 10% on heavy volumes, hit multi-year highs

NIIT rose 17 per cent to hit an over 13-year high of Rs 295.50 on the BSE in intra-day trade on Tuesday

NIIT hits over 13-year high on healthy March quarter results

The company recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations