Wipro on April 19 said it sees green shoots in its consulting business Capco, a division that has been troubling the company ever since demand environment started deteriorating. Consulting businesses are usually the first ones to see a decline in revenue when adverse macroeconomic issues affect demand. But, these are also the first ones to rebound as and when the macroeconomic situation improves.
Open FlipSeveral brokerage firms reduced their target price for Infosys stock after the IT major lowered its revenue forecast for FY25, citing unclear prospects for discretionary spending and reported weaker-than-expected Q4 earnings. Infosys slashed its revenue guidance for FY25 to 1-3% from 4-7% a year ago. It has revised its annual revenue growth guidance five times in the previous five quarters.
Open FlipAngel One declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 51.69% & the profit increased by 27.36% YoY. The Selling, general & administrative expenses rose by 12.11% q-o-q & increased by 110.38% Y-o-Y. The operating income was up by 33.85% q-o-q & increased by 15.26% Y-o-Y. The EPS is ₹40.03 for Q4 FY24 which increased by 26.47% Y-o-Y.
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