Consolidated revenue from operations stood at Rs 9,454 crore for the quarter, reflecting a 3.2 per cent year-on-year (YoY) decline from Rs 9,765 crore reported in the corresponding period of the previous financial year
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The company’s Small and Medium Business (SMB) segment achieved an impressive growth rate exceeding 73 per cent YoY for the same period
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Happiest Minds reported a Total Income of Rs 44,250 lakh for the quarter, up by 1.9 per cent from the previous quarter and 14.5 per cent YoY
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The downturn in profits comes alongside a decrease in revenue from operations YoY, which dropped by 7 per cent from Rs 1,402 crore in Q4FY23 to Rs 1,301 crore in Q4FY24
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Despite a 4 per cent decline in overall revenue, attributed primarily to a 10 per cent drop in global iPhone sales, Apple’s India operations have surged
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During the Q4 earnings, Coforge announced that it has signed a definitive agreement to acquire Cigniti Technologies
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Cognizant has set a cautious yet hopeful revenue growth forecast for the second quarter of FY24, ranging from 0 to 1.5 per cent
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Amazon CEO Andy Jassy attributed this strong performance to broad-based growth across the company’s key business areas
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The company's profit growth during this period was primarily driven by an increase in non-core income, improved operating margins and reduced employee expenses
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The increase in profits is largely attributed to a sharp rise in demand for artificial intelligence (AI) applications, which has nearly doubled the sales of the company's memory chips from the previous year
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