The company’s revenue for the quarter also saw a rise, growing by 29 per cent YoY to reach Rs 13,178 crore, compared to Rs 10,173.7 crore in the previous year
Read MoreThe growth in tech shares helped alleviate investor concerns that had been sparked by a weaker forecast from Meta Platforms earlier in the week
Read MoreThe decline was primarily due to a 10 per cent year-over-year (YoY) decrease in its banking and financial services (BFS) segment, which accounts for nearly half of the company's revenues
Read MoreHCLTech maintained a stable net income, reporting Rs 3,986 crore, a minimal YoY increase of 0.1 per cent but experiencing a quarter-over-quarter (QoQ) decline of 8.4 per cent
Read MoreThe firm's fourth-quarter revenue also rose by 2.1 per cent sequentially, reaching Rs 1,860 crore and exhibited a 6.2 per cent increase
Read MoreDuring the Q1 earnings call, Alphabet reported a robust financial performance, surpassing analyst expectations with a total revenue of USD 80.54 billion against forecasts of USD 78.59 billion
Read MoreDespite this quarterly growth, the company experienced a significant decline in annual profit, dropping to Rs 49 million in the fiscal year ending 31 March 2024, from Rs 674 million the previous year
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