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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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
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The growth in tech shares helped alleviate investor concerns that had been sparked by a weaker forecast from Meta Platforms earlier in the week
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The 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
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HCLTech 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
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The 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
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