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  • LTIMindtree Q4 profit falls 1.2%, revenue edges up

    India's sixth-largest IT services firm LTIMindtree on Wednesday reported a 1.2% year-on-year (YoY) decline in net profit at Rs 1,100 crore for the March quarter of the financial year 2024 missing street estimate of Rs 1,150 crore. The profit stood at Rs 1,114 crore a year ago.Sequentially, the Mumbai-headquartered company's net profit fell by 5.9% from Rs 1,169 crore.During the quarter, its consolidated revenue came in at Rs 8,892.9 crore, up 2.3% YoY from Rs 8,691 crore in the year-ago quarter....

  • Cognizant Q1 revenue falls 1.1%, profit dips 6%

    US-headquartered information technology and professional services firm Cognizant Technology Solutions (Cognizant) posted a decline in net profit by 5.9% year-on-year (YoY) to $546 million YoY, for the first quarter FY24 ending March due to a continued slowdown in discretionary spending by clients.The Nasdaq-listed firm had posted a net profit of $580 million in Q1 of FY23.Cognizant, whose majority of employees are based in India, follows the calendar year cycle from January to December.During...

  • Mphasis Q4 profit dips 2.9%, revenue falls 5.2%

    Mid-sized IT services firm Mphasis has reported a 2.9% dip in net profit at Rs 393.22 crore as against Rs 405.31 crore in the year ago quarter. On a sequential basis, profit increased by 5.2% from Rs 373.6 crore in the previous quarter ending December 2023.Revenue from operations during the quarter declined 1.5% to Rs 3,412 crore as compared to Rs 3,361 crore in the year ago quarter. Sequentially, the revenues fell 2.2% from Rs 3,337.9 crore in December quarter.For the full year ended March...