The management said during a post-earnings press conference that both the acquisitions are cash accretive, profitable and synergistic.
Cyient is exploring new opportunities in GenAI across various customer support roles.
Currently, revenue from North America contributes to 34% of Coforge’s total topline.
The attrition, however, fell by 10 percentage points to 13.1% on a trailing twelve-month basis.
The Pune-based company reported its January-March earnings on Monday, with its consolidated revenue rising 1.5% sequentially to Rs 1,362.5 crore.
Mercy Amalraj, co-founder of Bangalore Watch Company, explained the vision behind the Apogee collection, which was launched in 2021.
HCLTech has projected a subdued guidance for FY25 of just 3-5%, down from the 5-5.5% it had forecast for FY24.
Headcount shrinks first time in decades
Consolidated revenue increased by 4.4% quarter-over-quarter to Rs 2,537.50 crore in the January-March period, while profit rose by 1.4% sequentially…
We had a gradual reversal of the furloughs
Throughout FY24, Infosys, TCS, and Wipro collectively saw workforce reduction of 63,759 employees, marking a significant pivot from the hiring…
Wipro is not the only IT company whose headcount has fallen. Its peers Infosys and TCS, too, saw fall in…
Infosys slashed its revenue guidance for FY25 to 1-3% from 4-7% a year ago.
A decline in the topline, topped with additional staff-related expenses such as wage hikes is also seen to have affected…
During the quarter, cost optimisation deal comprised almost 55-60% of the total deals
Top performers to get double-digit hikes
The average of six brokerage firms expect TCS’s revenue to rise 1.3% sequentially to Rs 61,388.65 crore in the January-March…
In March, Nasdaq-listed Cognizant bagged eight deals, followed by TCS with seven and Infosys five.
