Infosys retains revenue growth guidance after 10% profit jump

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    IT major Infosys on Friday reported a 5.3 per cent year-on-year rise in profit at Rs 3,802 crore for the June quarter. Sequentially, profit fell 6.8 per cent. Analysts in an ET NOW poll had projected a net of Rs 3,730 crore. The company has increased FY20 revenue growth guidance to 8.5-10 per cent in constant currency, while maintaining FY20 operating margin guidance in range of 21-23 per cent.




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    Watch Infosys Q1 results: Profit rises 5% to Rs 3,802 crore; firm raises guidance for FY20 With HD Quality

    By The Economic Times| 248 views

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  • HCL Tech Q4 profit up 15% at Rs 2,568 cr; sees 14-16% FY20 revenue growth

    HCL Tech Q4 profit up 15% at Rs 2,568 cr; sees 14-16% FY20 revenue growth

    HCL Technologies on Thursday reported a 15.3 per cent year-on-year (YoY) rise in profit at Rs 2,568 crore. However, profit fell 1.7 per cent on a sequential basis. The IT firm had posted Rs 2,227 profit in the year-ago period. The IT major has guided FY20 constant currency revenue in 14-16 per cent range. This translates to 13.4-15.4 per cent in dollar revenue. The company pegs EBIT margin for FY20 at 18.5-19.5 per cent.




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    Watch HCL Tech Q4 profit up 15% at Rs 2,568 cr; sees 14-16% FY20 revenue growth With HD Quality

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    Infosys shares nosedived nearly 17 per cent on Tuesday in their worst single-day drop in over six years, wiping out investors' wealth worth nearly Rs. 54,000 crore. Watch the video to find out the details.

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    Watch The Infosys episode so far: क्यों Infosys में निवेशकों के डूबे 54000 करोड़ रुपये? || NSE || BSE With HD Quality

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  • Wipro ups IT services revenue guidance to 8-10 per cent in June 2021 quarter

    Wipro ups IT services revenue guidance to 8-10 per cent in June 2021 quarter

    Wipro on Friday revised upwards its IT services revenue outlook to 8-10 per cent sequential growth in the June 2021 quarter, following the completion of its USD 1.45 billion buyout of Capco.

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    Wipro ups IT services revenue guidance to 8-10 per cent in June 2021 quarter

    By The Economic Times| 16373 views

  • Infosys Q3 profit misses Street estimates, firm announces share buyback

    Infosys Q3 profit misses Street estimates, firm announces share buyback

    Infosys, India’s second largest IT firm, on Friday reported 29.62 per cent drop in consolidated net profit at Rs 3,610 crore for December quarter. The IT firm had posted Rs 5,129 crore profit in the corresponding quarter last year, the company said in a BSE filing. The company announced a share buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. It also announced a special dividend of Rs 4 per share.

    By The Economic Times| 4761 views

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Infosys retains revenue growth guidance after 10% profit jump
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    IT major Infosys on Friday reported a 5.3 per cent year-on-year rise in profit at Rs 3,802 crore for the June quarter. Sequentially, profit fell 6.8 per cent. Analysts in an ET NOW poll had projected a net of Rs 3,730 crore. The company has increased FY20 revenue growth guidance to 8.5-10 per cent in constant currency, while maintaining FY20 operating margin guidance in range of 21-23 per cent.




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    HCL Technologies on Thursday reported a 15.3 per cent year-on-year (YoY) rise in profit at Rs 2,568 crore. However, profit fell 1.7 per cent on a sequential basis. The IT firm had posted Rs 2,227 profit in the year-ago period. The IT major has guided FY20 constant currency revenue in 14-16 per cent range. This translates to 13.4-15.4 per cent in dollar revenue. The company pegs EBIT margin for FY20 at 18.5-19.5 per cent.




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