Infosys Q4 results: IT major reports 30% YoY growth in profit to Rs 7,969 crore; revenue falls short of expectations

[ The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a … Read more

Good news for IT sector job seekers! Hiring mandates up 50% in February; staffing firms see actual increase in second half of calendar year

[ Good news for IT sector job seekers! Technology talent demand surged to a new high in February, sparking hopes of recovery in the IT services job market. In February, hiring mandates for IT professionals reached 124,000, a significant 50% increase from January and 33% higher than December, according to data from Xpheno, a staffing … Read more

After TCS, Infosys, Wipro & HCL Tech results, experts suggest Indian IT sector rebound likely in FY25

[ Growth in India’s information technology (IT) sector is expected to bounce back in the next fiscal year, according to experts. However, the recent performance of the country’s top four IT companies in the third quarter has not instilled much confidence, says an ET report.Although IT companies showed little improvement in market confidence following the … Read more

Infosys loses $1.5 billion deal on AI solutions with global firm

[ Infosys, the IT services giant, has said that a $1.5 billion agreement with an undisclosed global company has been terminated. The deal focused on artificial intelligence (AI) solutions. Signed in September for a 15-year period, the deal aimed to provide digital transformation and modernization services through Infosys‘ platforms and AI solutions.In a stock exchange … Read more