Wipro Reports Declined Revenue In June Quarter, Profit At Rs 2,563 Crore
Wipro, an IT-major company reported a dip of revenue in its June quarter profit at Rs 2,563 crore, at 20.9%. As per sources, for the quarter revenue rose to 17.9% , Rs 21,528.6 crore. Its operating margin in IT services segment decreased by 200 bps QoQ to 15%. With this, the consolidated total revenue of the Bengaluru-based Wipro is 15.51%. Furthermore, in terms of dollars, revenue is $2.7 billion.
Tags: Wipro, IT Company, bengaluru, Quarter Revenue, REVENUE DECLINE
Courtesy: News 18
TCS Recruits Over 14,000 People, To Reach 40,000-Person Objective
Tata Consultancy Services (TCS) recruited 14,136 individuals on a net basis in the reporting quarter, but the business maintains it is on track to meet its 40,000-person objective this year. This comes after TCS failed its quarterly sales projection set by analysts. TCS stated that the company's delayed hiring in the quarter was due to surplus capacity built up during the previous year.
Tags: IT Company, Tata Consultancy Service, hiring, quarterly sales, quarter
Courtesy: DNA INDIA
Infosys's Non-Compete Clause Unenforceable, Say Lawyers
The newly invoked non-compete clause by Infosys is not enforceable, according to several lawyers and recruiters. The clause prohibits new-comers from working on the same customer's projects across named rival companies for a certain phase of time since leaving the company. This move comes amid sky-high attrition. However, the IT giant has described this as a standard business practice, adding that it won't affect one's career growth.
Tags: business, Infosys, IT, IT sector, IT Company
Courtesy: Live Mint
Karnataka Govt Requests IT Companies To Extend WFH
To complete the ongoing Bengaluru metro construction, the Karnataka government on August 24 requested IT companies to continue work-from-home options for employees until December 2022, citing traffic congestion on Outer-Ring-Road (ORR). Reportedly, during the pandemic, working from home (WFH) offered some respite to traffic movement on ORR. It will be extremely challenging to regulate traffic when ORR metro construction begins, primarily if… read-more
Tags: IT Company, Work From Home, bengaluru, karnataka government, bengaluru metro
Courtesy: ANI
Wipro Likely To Allow Employees Work From Office Soon
Indian multinational company Wipro is expected to allow its employees to work from the office, from September. Saurabh Govil, the Chief Human Resources Officer, stated that the decision would be implemented depending on the pandemic and the third wave, as well as on the speed of the vaccination drive. The company has vaccinated almost 35,000 employees under its premises.
Tags: Wipro, IT Company, Covid-19, Vaccination, Office
Courtesy: Times Now Digital
Showing Recovery Signs, IT Giants Give Second Increment To Employees
Showing signs of recovery, several IT Companies including Accenture, Infosys, WIPRO and Tech Mahindra have given a second increment and promotion within a month. Reportedly, the move came after business picked up in the second half of 2021. While the last year’s increment were deferred due to pandemic-led dip in the market, the companies are paying out loud amid intense talent competition ushered by business recovery.
Tags: IT Company, Wipro, Infosys, Hike, employees
Courtesy: Times of India
HCL Announces Rs700 Cr Bonus For Employees; Celebrates $10 Billion Revenue
IT multinational HCL Technologies will give out special one-time bonus of over Rs 700 crore to its employees in February. Announcing the news on February 8, the company affirmed that the reward came as HCL achieved its milestone $10 billion revenue in 2020. As per HCL, employees with one year of service or more are eligible for the ten-days-salary bonus. Moreover, the tech-giant also credited its employees' commitment behind the growth,… read-more
Tags: HCL Technologies, Information Technology, Covid-19 Pandemic, IT Company
Courtesy: The Indian Express