Infosys reports a 30% jump in Q4 net profit and acquires a German tech company for Rs 450 million. Read more about the latest updates from Infosys here.
Indias second-largest IT services firm highlighted concerns around slowing demand for technology services, which was also flagged a day earlier by its larger rival Tata Consultancy Services.
After a subdued second quarter show by TCS on Wednesday, Infosys and HCLTech reported numbers on Thursday. Infosys beat the average analyst estimates in terms of revenue and net profit. While HCLTech disappointed on the revenue front, its net profit was above expectations. Each of the two companies also declared their respective highest total contract value (TCV) of new deals
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