BENGALURU/NEW DELHI:
The largest homegrown IT services firms—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd—grew at a slower clip in the first nine months of the current calendar year compared with the year-ago period, defying analysts' and management's estimates that 2024 will be better than 2023 when the $254 billion industry reported its weakest growth.
Still, save for Wipro, shares of the remaining four IT firms fared better this year than in 2023.
In the first nine months of the current calendar year, TCS, Infosys, and HCL reported dollar revenue growth of 4.21%, 2.02%, and 6%, respectively. Wipro and Tech Mahindra saw their full-year revenue decline 4% and 2.5%, respectively.
TCS, Infosys, and HCL reported higher growth of 5.4%, 2.8%, and 6%, respectively, in the calendar year 2023. Wipro and Tech Mahindra fared better last year, as revenue fell 0.5% and 2.3%, respectively.
Denne historien er fra December 30, 2024-utgaven av Hindustan Times Jaipur.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 30, 2024-utgaven av Hindustan Times Jaipur.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'I THOUGHT OF ENDING MY LIFE MANY TIMES IN THE LAST 6 YEARS'
In an exclusive chat, filmmaker Sajid Khan speaks of the hell he went through after #MeToo allegations and how the industry has kept him from moving on despite a clean chit
Keerthy Suresh Addresses Her Team's Tussle With Paps
Keerthy Suresh recently found herself in an unexpected situation while attending a film premiere in Mumbai.
I Told Myself, 'This Can't Be Your Life's Book; It's Just A Chapter'
Sajid Khan opens about life post #MeToo allegations
Marriage is the most beautiful duet life can offer: Sufi singer Bismil
As a Sufi singer, his songs have mostly been about divine love, but Bismil says he is finally ready to sing a 'duet' of a different kind—he is all set to tie the knot on January 5 in Jaipur.
Lost in transition, the Man United saga
Since every Manchester United fixture feels like the chronicle of a defeat foretold, about the only surprise on Monday night was Newcastle not being able to win by a bigger margin.
Vaishali wins women's world blitz bronze
India's R Vaishali clinched a bronze in the women's section of the World Blitz Championship, capping another strong performance by the country's chess players after stalwart Koneru Humpy's title-winning show in the rapid event here.
Sachin, SCG 2004, and 241 lessons in restraint
As Rohit, Virat and Rishabh face scrutiny for the MCG loss, the Tendulkar classic from 2003-04 can inspire them
Navarro stunned by wildcard as Djokovic-Kyrgios run ends
Australian wildcard Kimberly Birrell stunned second seed Emma Navarro on Wednesday while the doubles act of Novak Djokovic and Nick Kyrgios came to a shuddering halt at the Brisbane International.
From T20 push to WTC final, the Proteas story
South Africa cementing the World Test Championship final spot hasn't probably hit the right spot.
Drug cos amp up hiring for top roles as growth beckons
India's drugmakers ramped up C-suite hiring in 2024 to support expansion plans amid favourable geopolitical tailwinds, multiple industry executives said.
