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'We still have a hiring target, but…': What Infosys CEO Salil Parekh said while announcing Q1 results
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₹59.45 billion in the three months to June 30, missing estimates as clients cut back spending in a cloudy economic environment. The company however saw its large deal signings rise to $2.3 billion from $1.7 billion year ago.
India's IT services companies have kicked off the earnings season on a weaker note, with market leader Tata Consultancy Services warning of an uncertain demand environment, and smaller peers HCLTech and Wipro reporting and projecting muted growth. (With inputs from agencies)
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