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The software major sees revenue growing 1.0-2.5% in constant currency terms in FY24, compared to 1.0-3.5% earlier. This is primarily due to a slowdown in discretionary spending, the company said in a post-earnings press conference. While Infosys cut the upper end of its revenue growth guidance, the company retained its operating margin target of 20-22%.

The RBI will announce its bi-monthly monetary policy review on Thursday. Experts expect that RBI’s monetary policy committee will go for another 25 bps rate hike this time. However, this time, many are hoping that April 2023 policy will be the last rate hike of the latest cycle

Ghaziabad-based Dabur India on Thursday emerged as the third fast moving consumer goods (FMCG) company in a week to allude to an improvement in consumer demand for the quarter ended March 31, 2023.

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The company's consolidated net profit decreased by nearly 12% YoY to Rs 2,694 crore, while the consolidated revenue dropped 4.4% to Rs 22,205 crore. The board recommended an interim dividend of Re 1 per share. For the nine months ended December, Wipro's consolidated revenue rose by only 0.4% to Rs 67,552 crore, while the net profit declined by nearly 1% to Rs 8,211 crore. Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion for the quarter ending March.

The Mumbai-based IT company posted 0.8% sequential growth in operating revenue, to $1.08 billion for the December quarter

India Business News: BENGALURU: HCLTech’s revenue in the quarter ended March stood at $3.

India Business News: Infosys, the Indian multinational software company, is set to release Q4 results for the quarter ended March on April 13, 2023. Here are the key point

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue.

With pricing growth remaining subdued due to price increases in the base year, the growth during the third quarter is largely volume-led. Early signs of revival in consumption are visible with improving trends in volumes, the company said in a filing.

Net income was 65 cents a share versus expectations of 35 cents. Last year, the company lost 20 cents a share in the quarter because of a slump in the value of its investment in Rivian, an electric truck maker.