Zensar Technologies’ third-quarter revenue contracted 1.4% sequentially, and revenue contribution from its top ten clients dropped in the seasonally weak period.
For the third-quarter ended December 31, Mindtree’s revenue rose 2.3% sequentially to $184.4 million. However, profit after tax fell 5.9% sequentially to $22.8 million.
The demand being caused by financial inclusion is spurring growth in technology spending by the financial services sector.
Randstad is launching its Randstad Technologies to offer contract employees to IT firms and captives in India, as it looks to become the largest provider of ‘on-demand’ staff to technology players in the country.
The local unit ended at Rs 67.29 per dollar, down from Wednesday’s close of Rs 66.85 and the lowest level since September 2013.
Tech Mahindra to invest in 22 platforms, bets big on digital technologies like automation and internet-of-things
Over the last few months, the company has said it would invest in startups, seek external funding for internal units and would partner with technology providers.
During the quarter, WNS added over 1,500 employees taking the global headcount to 31,340 as of December 31, 2015.
Chandrasekaran has said the fourth quarter will be better than the third for the company, promising that he is paying close attention to the reason for the misses.
TCS' revenue growth disappointed analysts for the sixth-straight quarter, as the Chennai floods and weakness in its India business held back growth.
Mumbai-headquartered TCS may struggle to even reach the midpoint. However, TCS did say that it expected the fourth quarter to be better than the third.
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