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Introducing Mphasis NeoZeta™, an innovative platform that offers complete transparency into the re-learning process so organizations can modernize mission-critical systems confidently. Learn how it unleashes enterprise knowledge hidden in code and other technical artifacts and documents: https://mphs.co/nczn #Modernization #StayAhead #EngineeringIsInOurDNA

Several mid-tier information technology (IT) companies are scaling back on client additions as they shift focus towards prioritising margins amid continued weakness in discretionary spending. This marks a significant shift from the aggressive client acquisition that was previously employed to boost revenues. Data from recent quarters highlight a noticeable reduction in client additions across notable mid-tier IT firms such as Cyient, Mphasis and Coforge.

Mphasis Modernization Services focuses on applying tools, approaches, and best practices to extract and transition legacy capabilities and workloads. Learn how we deliver business benefits that come from cloud-native architectures and modern platform ecosystems: https://mphs.co/ml Rohit Jayachandran Vivrut Jayaram Yogesh Kohli Jay Khatwani Catherine Alonso Navin Javeri Siddharth S #Modernization #Transformation #StayAhead #EngineeringIsInOurDNA

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#1QWithCNBCTV18 | Infosys saw a net reduction of 1,908 employees in #Q1FY25 — taking the total headcount to 315,332 — marking the 6th straight quarter of a net workforce decline Attrition rate stands at 12.7% vs 12.6% (QoQ) #Infosys #Attrition #Q1Results

WIPRO and INFOSYS have always been a competitor in IT industry providing range of services, including software development, consulting, and business process outsourcing, serving clients across various sectors globally. I have done a financial analysis on these rival companies based on the historical data of past 5 years (17th September 2019 – 17th September 2024). The factors which have been covered in this financial analysis of a particular portfolio are: ·     Expected Return ·     Variance ·     Standard Deviation ·     Coefficient of Variation ·     Covariance ·     Correlation Coefficient WIPRO WIPRO is an Indian multinational company headquartered in Bangalore. Founded in 1945, Wipro has evolved from a vegetable oil manufacturer to a prominent player in the IT sector. The company offers a wide range of services, including software development, cloud computing, cybersecurity, and digital transformation. With a strong emphasis on innovation and sustainability, Wipro serves clients across diverse industries, helping them navigate their digital journeys and achieve business goals. Wipro's stock has experienced some fluctuations recently. On October 17, 2024, its shares were trading at approximately ₹533, which represents a decline from its previous close of ₹549.55. This drop led to a significant reduction in the company's market capitalization by over ₹8,300 crore. Despite this, Wipro reported strong earnings for Q2 FY24, with its revenue exceeding expectations and a notable rise in large deal bookings, which reached $1.5 billion—its highest in 10 quarters. However, the company has issued a cautious revenue growth outlook for Q3. INFOSYS Infosys is an Indian multinational company headquartered in Bangalore. Founded in 1981, the company provides a wide range of services, including software development, maintenance, and independent validation services. With a strong focus on innovation and digital transformation, Infosys helps businesses across various industries optimize their operations and enhance customer experiences. As of October 17, 2024, Infosys shares were trading at approximately ₹1,935 per share. The company is expected to announce strong Q2 FY24 results, with analysts predicting steady revenue growth driven by large deals and a recovery in the BFSI sector. The stock saw an intraday high of ₹1,958. Analysts have set a near-term target of ₹2,050, though they recommend caution with a stop-loss at ₹1,910 to manage potential downside risks. FINANCIAL ANALYSIS The Expected Return for the stock of WIPRO is -0.0004487, whereas the expected return for INFOSYS resulted as -0.000505. The Variance and Standard Deviation of WIPRO are 0.00033269 and 0.01823989 respectively, whereas for INFOSYS it stood at 0.00034655 and 0.01861583 respectively. The Coefficient of Variation for WIPRO and INFOSYS are -4064.7372 and -3686.2887 respectively. The Covariance for the portfolio is 0.00020029 and the Correlation Coefficient is 0.58986199.

Learn how Mphasis’ Modernization offering helps you shift away from monoliths towards microservices and align your business and IT goals more closely. Connect with us: https://mphs.co/mlal Naga (Swetha) Sylada #StayAhead #EngineeringIsInOurDNA

Infosys App Modernization/Migration Svcs Rated Top 2- Strategy, Top 3 - current offering, and #1 in innovation, global delivery strategy, talent strategy, and 12 other criteria for App Modernization + Migration Services...

The Nifty IT index surged nearly 5 percent last week, becoming the top performer among sectoral indices and hitting a 52-week high of 39,567 on Monday. This rally was primarily led by stocks such as Infosys, HCLTech, Tata Consultancy Services (TCS), and Wipro. While TCS and HCL have already reported their Q1 earnings, surpassing market expectations, Infosys and Wipro are set to announce their results on July 18 and July 19, respectively. This milestone marks the first time the Nifty IT index has crossed the 39,000 mark since January 2022. Market analysts are now closely watching to see if IT companies will exceed expectations in what is traditionally a strong quarter, despite a challenging economic environment. Key areas of focus include revenue growth, margin performance, and new deal wins. Looking ahead, there is a positive outlook for a return to IT sector growth, which will impact all major IT firms. The adoption of GenAI is expected to accelerate over the next 12-18 months, potentially boosting demand for cloud services and data standardization. As Infosys and Wipro prepare to release their results, the market is optimistic about the potential for continued strong performance in the sector.

Transform your business with Virtusa's comprehensive solutions. From assessment to modernization, our meticulous methodology paves the way for seamless business transformation. Explore how we can drive your organization forward in the digital age: https://splr.io/6049YoGql #CloudOptimization #CostManagement #EngineeringFirst