Tata Consultancy Services (TCS), Infosys and HCLTech — have reported significant one-time charges linked to the implementation of new labour codes, which together totalled around ₹4,373 crore in the ...
The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.
The adjustments for labour codes represent an increase in gratuity liability and an increase in leave liability, the company said ...
India’s second-largest software services firm Infosys reported a 9.64% sequential decline in net profit for the fiscal third ...
Infosys' revenues grew 8.9% year-on-year to ₹45,479 crore and 2.2% sequentially. Constant currency (CC) growth was 3.2% year-on-year, with operating margins at 16.6% reported and 21.2% adjusted ...
Infosys CEO Salil Parekh said the demand outlook continues to remain strong, with a healthy pipeline of large deals. He expressed optimism about the demand extending beyond this fiscal year.
Infosys Ltd., India’s second-largest IT services company, reported a mixed performance for the third quarter, marked by a decline in profit but steady revenue growth and an improved outlook for the ...
Infosys delivered a steady performance in the third quarter of FY26, but the headline numbers mask a significant regulatory impact. The Bengaluru-based IT major reported revenues of Rs45,479 crore, an ...
Infosys revised its annual revenue guidance for FY26 from the earlier 2–3% to 3–3.5% for the year. According to the company, ...
The implementation of new labour codes led to exceptional charges exceeding Rs 4,000 crore for TCS, Infosys, and HCLTech in Q3.
New Delhi, Jan 14 (PTI) IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore in December quarter FY26, primarily weighed down by a ...