Key Points
started the new year on a roaring note after. last quarter surprised investors and helped burnish the..
Led by industry bellwether Tata Consultancy Services Ltd. and Infosys Ltd., the four key software companies, have added about $22 billion in market value in just two trading sessions since Thursday, when the earnings season kicked off..
A potential revenue rebound and easing global macroeconomic worries have boosted sentiment.. rallied as much as 14% on Monday, their biggest intraday gain since July 2020 before paring gains, as the surprise revenue beat triggered rating upgrades from some brokerages..
While global firms discretionary spending on technology projects is yet to show frim signs of a pickup or return to past levels, the companies continue to push ahead with initiatives, in particular the ones aimed at lowering costs and improving efficiencies...
At least six brokerages raised their ratings on Infosys since its results last week, while analysts at JPMorgan Chase & Co. upgraded ratings on Wipros US as well as India-listed shares...
You might be interested in
IT giants add $22 billion to market cap in just 2 days
15, Jan, 24Led by industry heavyweights TCS Infosys, the four key software companies, have added about $22 billion in market value in just two trading sessions since Thursday, when the Q3 earnings season kicked off. A potential revenue rebound and easing global macroeconomic worries have boosted sentiment.