At Infosys and Wipro, 8,200 roles have been impacted in six months.
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
Cybersecurity blog KrebsOnSecurity had said Wipro's systems had been breached and were being used to launch attacks against some of its clients.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
Its revenue from operations grew 2.5 per cent to Rs 13,977.7 crore
Wipro has a good brand because of the trust and quality it enjoys globally.
Wipro said on Thursday that Azim Premji's son Rishad, chief strategy officer and member of the board, will take over as the executive chairman. Azim Premji, however, will continue to serve on the board as non-executive director and founder chairman.
The company's growth was driven by a decline in total expenses, lower finance cost and higher other income.
Wipro, which gets bulk of its topline from IT services, said it expects revenues from that business to be in the range of $1,962-2,001 million in the September quarter.
The new facility that would house Wipro's US cyber security centre would also serve as a hub for advanced analytics
Wipro posted a 4.6 per cent rise in revenue at Rs 15,711 crore in January-March quarter compared to Rs 15,006.3 crore in the year-ago period.
The company's total income from operations rose 10.7 per cent to Rs 13,697.6 crore.
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
'The biggest struggles are in the human mind.'
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
Its revenue from operations, however, grew 8.3 per cent to Rs 14,541 crore during the period under review from Rs 13,423.4 crore in the same quarter last year.
'His working style differs from his father as he is a quick decision-maker.'
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
One of the good things about our business is, if customers are under pressure and in a cost-cutting mode, we are able to provide more efficient solutions.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
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