HCLTech’s Q2 net profit jumps 10.5% to ₹4,235 cr
The company's revenue for the July-September period rose 8.2% to ₹28,862 crore, against ₹26,672 crore in the same period last year
The company's revenue for the July-September period rose 8.2% to ₹28,862 crore, against ₹26,672 crore in the same period last year
Wipro's Azim Premji a close second with ₹2.02 lakh crore
Infosys shares dropped 1.3%, while other IT heavyweights such as TCS, Tech Mahindra, HCL Tech, and Wipro fell in the range of 1-2%.
She also shares that the company has undertaken the task of training and upskilling 50,000 workforce in FY25.
Roshni Nadar, HCL Tech's chairperson says a lot of deal momentum where people are looking at productivity and efficiency is being driven through Gen AI.
Revenue from operations rose 6.7% year-on-year to ₹28,057 crore in the first quarter of financial year 2024-25.
Even as the pros and cons of Gen AI are being debated, this year chairpersons of all Indian IT services companies have placed their faith in this technology
At a time when big IT services companies are struggling, the agility of mid- and small-cap firms is giving them an edge.
In the first two weeks of December, the BSE benchmark Sensex has rallied 4,617 points, with FIIs injecting over ₹3,900 crore daily on an average this month.
The BSE Sensex rallied as much as 955 points to hit a fresh record high of 70,540; the NSE Nifty climbed 263 points to touch a new all-time high of 21,189.