KAIROSOFT AI SOLUTIONS LTD Q1 RESULTS
HCLTech will focus on GenAI-led solutions on client demand: CEO C Vijayakumar
IT services major HCLTech is changing its strategic direction towards generative artificial intelligence (GenAI) amid a revival in client demand, chief executive and managing director C Vijayakumar told ET.
HCLTech delivered strong growth in Q3, expect momentum to continue in Q4: C Vijayakumar
HCLTech CEO C Vijayakumar and CFO Shiv Walia elaborate on their Q3 performance and forecast. They report improvements in the spending and demand environment. While services revenue met expectations, software revenue was slightly lower. The company aims to enhance margin and revenue through strategic initiatives. HCLTech anticipates steady growth in Q4 despite some moderation due to project completions.
HCL Tech stock slips over 9% after Q3 results. Should you buy, sell or hold?
HCL Technologies shares dropped 9.23% after the company reported a 6% net profit growth for Q3 at Rs 4,591 crore. Revenue rose to Rs 29,890 crore. New deal bookings reached $2.1 billion. Analysts provided mixed ratings, with target prices ranging from Rs 1970 to Rs 2150.
HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals. Consolidated revenue in the three months ended December grew 5.1% year-on-year (YoY) and 3.6% quarter-on-quarter (QoQ) to Rs 29,890 crore backed by services revenue growth.
Groww’s incoming IPO; Apple India’s export boom
Stock broking platform Groww is aiming for a public listing later in the year. This and more in today’s ETtech Top 5.
HCL Technologies Q3 Results: PAT grows 6% YoY to Rs 4,591 crore, revenue up 5%, Rs 18 dividend declared
HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.
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More confident and positive about 2025 compared to 2024; 2026 will be even better: TCS CEO K Krithivasan
TCS leaders are confident about future growth and advancements. They highlight investments in AI, talent development, and technology modernization. Growth opportunities in client decision-making, regional markets, and internal efficiency boosts from Generative AI are anticipated. Positive trends in North America banking and sizable hiring of new employees are also expected to enhance productivity.
Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Tata Elxsi share price plunged 7.9% after reporting a 3% decline in net profit for Q3 FY24. The company's revenue increased by 3% YoY, while the automotive sector faced significant challenges, impacting new deals. Tata Elxsi experienced project delays and target price cuts from brokerage firms.
TCS Q3 Results: Profit rises 12% YoY to Rs 12,380 crore, in-line with estimates
TCS Q3 Results: Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, compared to the previous year's Rs 11,058 crore. The company declared an interim dividend of Rs 10 per share and a special dividend of Rs 66 per share. Revenue stood at Rs 63,973 crore, marking a 5.
TCS Q3 results takeaways: Profit, dividend, attrition rate among 5 key details to know
Tata Consultancy Services (TCS) posted a 12% rise in Q3 net profit to ₹12,380 crore, driven by strong execution, cost efficiency, and strategic risk management, despite revenue missing estimates. It announced robust TCV growth and a ₹76/share dividend.
Tata Elxsi Q3 Results: Profit falls 3% YoY to Rs 199 crore, revenue rises 3%
Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.
TCS to announce Q3 results today. 6 key things to track
TCS Q3 Results: Emkay Global expects TCS shares to trend sideways to negative, with support at Rs 4,000 and Rs 3,900 and resistance at Rs 4,170-4,280. A buying opportunity is seen in the support band. A short build-up was noted, with open interest at $580 million, below its 1Y mean. Max OI is at Rs 4,200/3,800 strikes, with call and put additions observed.
This AI stock that is up 7900% since its IPO and has a $1 trillion opportunity led by a tech visionary; which company is it and should you invest
Salesforce is slowly emerging as an all-important stock in the field of technology, and is also showing a massive growth over the past year. Should US investors begin putting their money into this company that also has its own IPO?
Microsoft’s $3 billion India AI bet; Mobikwik earnings
Microsoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
One MobiKwik Q2 Results: Shares surge 3% ahead of fintech's maiden earnings announcement since listing
Shares of One MobiKwik Systems will be in focus as the company announces its first quarterly earnings since listing. MobiKwik with significant revenue and net profit growth, aims to expand its digital payments, credit, and investment services. Experts suggest cautious profit booking given high listing gains.
FIIs bet $1 billion on IT stocks before Q3 results. Does it signal a happy new year?
Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks.
Black Box headed for next phase of growth with revamped GTM strategy: Ventura Securities
The company will be focusing on data centres, mainly in North America and India. Black Box provides data centre solutions, advanced networking solutions, AI-powered analytics and IoT-enabled devices. About 20% of the firm's revenue comes from data centres. Their customer base includes tech majors like Meta, Amazon, and Microsoft, which are expected to significantly invest in data centre buildouts.
Accenture quarterly numbers point to strong GenAI prospects
Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.
IT stocks rise after Accenture’s robust Q1 results lift sentiments for sector
Shares of IT services firms such as Infosys, TCS, Wipro, and HCL Technologies rose by up to 1% on Friday, following a strong performance by industry leader Accenture. Accenture reported Q1 revenue and profit that exceeded Wall Street estimates and raised its annual forecast, signaling growing demand for IT services and boosting market sentiment for the sector.
TCS, Infosys, Wipro and other IT stocks in focus after Accenture's Q1 revenue beat and upgraded guidance
Accenture's strong Q1 earnings, driven by AI demand, boosted Indian IT stocks like Infosys and Wipro in US markets. Despite earlier losses due to the Fed's hawkish stance, the positive outlook signals potential growth for the sector. The company raised its annual revenue growth guidance, exceeding earlier projections.
Accenture Q1 Results: Co posts $17.7 billion in revenue, beats estimates
Accenture surpassed first-quarter revenue expectations, driven by increased demand for AI integration services. New bookings reached $18.7 billion, exceeding the previous year's figure. Revenue hit $17.7 billion, outperforming analyst projections. The company raised its annual revenue growth forecast to 4%-7%.
Alibaba releases QwQ-32B-Preview, an AI rival to OpenAI's o1
This model is focused on advancing AI reasoning capabilities. In contrast to most AI, QwQ-32B-Preview and similar models can fact check themselves, which helps to avoid common mistakes. But this causes the model to take a longer time to find solutions.
Indian IT Sector to see subdued growth in Q3, recovery likely in Q4
The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.
Brainbees Solutions shares zoom nearly 8% as co narrows Q2 loss YoY, grows in revenue
FirstCry operator Brainbees Solutions saw its shares surge after reporting a narrowed consolidated net loss of Rs 50 crore in Q2FY25, down from Rs 101 crore the previous year. This improvement was driven by a 26% YoY increase in revenue, reaching Rs 1,905 crore, and a significant jump in adjusted EBITDA.
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Brainbees Solutions Q2 Results: FirstCry operator narrows loss to Rs 50 crore YoY, revenue jumps 26%
The reduction in the company’s losses was driven by higher revenues on both a yearly and quarterly basis. Firstcry’s operator reported a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the same quarter last year and Rs 1,652 crore in Q1FY25, reflecting a 26% YoY and 15% QoQ increase.
Genpact Q3 Net income rises 13% to $133 million
Genpact, a global professional services firm, reported a 13% rise in net income to $133 million for Q3 2024, driven by a 7% increase in revenue to $1.21 billion. The company forecasts continued revenue growth in the fourth quarter and full year, fueled by client demand for its data, technology, and AI solutions.
Genpact posts 13% growth in Q3 net income at $133 million
Total revenue was $1.21 billion in the quarter ended September, up 7% YoY, both on an as reported and constant currency basis. Gross profit was up 7% YoY at $431 million, with a 35.6% margin.
Adani Energy Solutions Q2 Results: PAT soars 145% YoY to Rs 675 crore
Adani Energy Solutions Q2 Results: Adani Energy Solutions saw a 145% YoY surge in Q2 net profit to Rs 675 crore, driven by a 68% rise in revenue to Rs 6,184 crore. Transmission business revenue more than doubled, while distribution grew 22%. The quarter also marked a return to profit QoQ after a previous loss.
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