IT services company HCLTech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. For the fiscal's first quarter ended June 2024 (Q1 FY25), the revenue came in at Rs 28,057 crore, 6.6 per cent more than in the year-ago period. Seen sequentially, it was 1.6 per cent lower than the March quarter.
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
The IT giant has reported a decline in headcount for six consecutive quarters.
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
'Devika is a people's person, who simply loves what she does. This reflects in her work; the insights she brings to the table and the way she interacts with people and clients. She has the demeanour of a good captain. Her success is well-deserved.'
IIM Lucknow has concluded its 2020-21 final placements.
Alex Gardega installed Pissing Pug, alternatively known as Sketchy Dog -- a small sculpture of a urinating dog - at the leg of the 'Fearless Girl' statue as an act of defiance.
The National Alliance of Women's Organisations released the 'Womanifesto' for consideration of all political parties for the upcoming Lok Sabha elections.
A statue of a defiant little girl was placed in front of Wall Street's Charging Bull to challenge the 'traditionally male environment' of the industry, on International Women's Day.
African-American George Floyd's death on May 25 has sparked civil unrest that has since spread nationwide.
'Indian stocks are richly priced relative to their emerging market peers'
A shareholder of Vodafone Group has urged the company to abandon its plans to acquire India's Hutch Essar, saying the British telecom giant could overpay for the deal, British daily The Times reported on Friday.
International investors are encouraged by the Indian government's recent economic policy announcements, including that on opening the retail sector to foreign direct investment (FDI). However, they would track how these measures were implemented, said speakers at the annual India Investment Forum in New York.
A nondescript paan (betel) and tobacco shop, owned by an Indian American, is supposedly the only shop in New Jersey which has electricity thanks to a generator.
Formula One title chaser Kimi Raikkonen says he is happy at Lotus - for now - even as speculation swirls around possible vacancies at the 2007 world champion's previous teams Ferrari and McLaren.
McLaren's championship leader Lewis Hamilton lit up free practice for the Singapore Grand Prix Friday, as Formula One's inaugural night race officially got under way. With drivers getting their first full-speed look at the city-state's street circuit, Hamilton outpaced the Ferraris of Felipe Massa and Kimi Raikkonen to clock the fastest lap of the day in the first practice session.
Gates has sold 20 mn shares each quarter under a pre-set trading plan
Around 13 million people continue to battle "catastrophic" flooding and torrential rains in storm-ravaged Texas where Hurricane Harvey has wreaked havoc.
Banks bore the brunt of the sell-off.
Serena Williams shook off the rust and a feisty challenge from Serbia's Ana Ivanovic to open the defence of her WTA Tour Finals title with a 6-4, 6-4 victory in the opening match of the elite eight-player tournament on Monday.
Serena Williams shook off the rust and a feisty challenge from Serbia's Ana Ivanovic to open the defence of her WTA Finals title with a 6-4, 6-4 victory in the opening match of the elite eight-player tournament on Monday.
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances