Latest news with #TCV
Daily Record
5 days ago
- Health
- Daily Record
The Conservation Volunteers group in £9158 funding boost from North Lanarkshire's Grant Award Programme
Every Tuesday and Thursday, residents are invited to join Green Gym and Wild Ways Well sessions in the North Lanarkshire area of the Seven Lochs Wetland Park. Nearly £10,000 of funding will allow more people to "get active in a new programme that uses the power of nature to improve physical and mental wellbeing". Every Tuesday and Thursday, The Conservation Volunteers (TCV) invite residents to join their Green Gym and Wild Ways Well sessions in the North Lanarkshire area of the Seven Lochs Wetland Park. These free, inclusive sessions offer a chance to improve your wellbeing while connecting with nature. Download the Lanarkshire Live app today The Lanarkshire Live app is available to download now. Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire's recovery from the coronavirus pandemic – straight to your fingertips, 24/7. The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you. Head to the App Store and never miss a beat in Lanarkshire - iOS - Android And thanks to £9158 of funding from North Lanarkshire's Grant Award Programme, the group is going from strength to strength. The sessions are designed to support both physical and mental health. Green Gym participants engage in light conservation work to stay active and learn new skills, while Wild Ways Well walks through nature offer a gentle, social way to reduce stress and boost confidence and include a chance for a hot drink and a chat. Existing volunteers and walkers are enthusiastic about the experience. "Being out here with the trees has made me feel so much better than I did yesterday,' says John from North Lanarkshire. "I feel so calm after coming out with the group." Elisabeth, one of the other volunteers, added: "I feel better because I know I am helping wildlife in my local area." Green Gym runs on Tuesdays from 11am to 1pm, with activities including path maintenance, access improvements, tree planting and orchard care. Wild Ways Well meets on Thursdays from 10am to 12pm for low-intensity walks, wildlife watching, and friendly conversation. No commitment is required - just come along when you can. And did you know Lanarkshire Live had its own app? Download yours for free here.
Time of India
24-07-2025
- Business
- Time of India
Persistent Systems misses estimates, posts 39% profit growth, revenue up 22%
Academy Empower your mind, elevate your skills Mid-tier IT services player Persistent Systems reported an 38.7% year-over-year (YoY) rise, slightly lower than the previous two quarters, in net profit at Rs 424.9 crore for the first quarter from April to June of fiscal year profit grew 7.4% largely helped by foreign exchange gains as against a loss in the March which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial services & insurance (BFSI) at 30.7% YoY, and software, hi-tech & emerging industries verticals at 14.1% YoY increase. Healthcare and life sciences also grew by 12.4%, its filings dollar terms, revenue was up 18.8% YoY and 3.9% QoQ to $389.7 million.'We delivered our 21st sequential quarter of revenue growth… BFSI will lead the growth for us this year followed by Hi-Tech, followed by Healthcare & Life Sciences,' said Sandeep Kalra chief executive officer and executive director, after the results maintained the environment has been cautious. 'Decision-making has been slow. If the environment becomes a little bit better and not just for us, for everyone, I think the things will be easier. So, if we can deliver good growth in a tough macro, I'm pretty sure as the things move through the next several quarters and if the market improves,' Kalra told analysts.'We remain committed to our goal of reaching $2 billion by end of FY27,' he further said. Persistent's annual dollar revenue closed at $1.41 billion at the end of March stronger growth numbers as compared to larger peers, Persistent Systems missed analyst estimates leading the stock to take a beating of over 9% and was trading at Rs 5169 per share towards the end of the day's trade on similar lines, its peer Coforge also missed street expectations for the June quarter, reporting a 138.4% year-on-year (YoY) jump in net profit at Rs 317.4 crore on an over 54% growth in revenue both in rupee and dollar terms at Rs 3,688.6 crore and $442.4 million, respectively. Its sequential net profit grew 21.5% while revenue jumped 8.2% in rupee terms and 9.6% in dollar the quarter, Persistent Systems booked a slightly higher deal wins at $520.8 million against Coforge 's $507 million in total contract value (TCV). On its own account, the TCV was marginally higher from previous quarter's $517.5 million deal top 10 client contribution as a percentage of total revenue edged downwards at 42% between April to June from 42.2% in the March quarter, and yet added one large client during the for the quarter came in at 15.5%, slightly lower from March quarter's 15.6% due to delayed ramp-ups in some of our accounts and some onshore employee costs. However, it improved from Q1FY25 margin at 13.7%, helped by lower employee stock option plan (ESOP) has also delayed its wage hikes this year.'Historically, we have rolled out our annual wage hike in the month of July. In view of the current uncertain business scenario we have decided to postpone our wage hike by a quarter,' said chief financial officer Vinit the end of June, its total headcount stood at 25,340, an increase of 746 from the previous quarter, and 1,821 from a year trailing 12-month attrition this quarter also worsened at 13.9% compared to 11.9% in Q1 last year.
Mint
18-07-2025
- Business
- Mint
Wipro share price gains 4% post Q1 results. Dividend announcement: Should you buy or sell the stock?
Stock Market Today: Wipro share price gains 4% in the morning trades on Friday post Q1 results declared after the market hours on Thursday. Wipro also announced a dividend. Should you buy or sell the stock? The Bengaluru-based company posted a consolidated net profit of ₹ 3,336 crore in Q1FY26, representing a 10% YoY increase. though on a sequential basis the Wipro net profit declined 7%. Its constant currency revenue fell both sequentially and year-on-year, coming in at $2,590 million, down 2% sequentially and 2.3% YoY, but beating expectations. The IT segment's revenue was $2,587.4 million, a 0.3% decrease from the previous quarter and 1.5% year-on-year. The Q1 performance came in line with or slightly higher than analysts estimates. The deal wins also remained strong, which enthused analysts, though some remain watchful on execution. JM Financial Institutional Securities said that WPRO's 1Q performance met expectations. With margins now within WPRO's goal range of 17-17.5%, the company's focus has shifted strongly toward growth. as per JMFL A TCV of $5 billion at a book-to-bill ratio of 1.9x is the highest among peer groups, providing compelling evidence. The company secured two large deals for more than $500 million in the first quarter, following a 500 million pound contract in the fourth. WPRO's competitive positioning and better win rates are highlighted by these multi-vendor engagements, which are generally overlooked as per JMFL. JMFL has raised FY26 and FY27 estimated constant currency revenues but lowered margin estimates slightly. Though EPS neutral, improving growth prospects should be reflect in better multiples, as per JMFL, who has reiterated BUY ratings on the stocks with a revised target price of ₹ 320 (from ₹ 310 earlier) Motilal Oswal Financial Services model a 1.3% year-on-year constant currency revenue decline for FY26, factoring in a soft start (1Q services revenue was down 2.0% sequentially in constant currency), muted Q2 guidance, and a gradual recovery in the second half as large deal ramp-ups begin to reflect in revenue. While strong deal TCV and early signs of stabilization in Europe prompt a slight upward revision to our FY26 and FY27 estimates (by 2%), they see limited room for margin expansion from current levels. Motilal Oswal Financial Services said that further improvement in execution and sustained conversion of deal TCV to revenue will be key for a constructive view The target price of MOFSL for Wipro Share price stands at ₹ 230
Mint
17-07-2025
- Business
- Mint
Wipro Q1 results: Net profit jumps 10% YoY to ₹3336 crore; interim dividend declared
Wipro Q1FY26 results: Wipro, the country's fourth-largest IT company, released its June quarter results today, July 17, post-market hours. The Bengaluru-based company reported a net profit of ₹ 3,336 crore, marking a 7% QoQ decline but an 10% YoY growth, which came in above analysts' projections of ₹ 3,268 crore. Its constant currency revenue declined both sequentially and year-on-year in, coming in at $2,590 million, down 2% QoQ and 2.3% YoY. The revenue from the IT segment came in at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. In rupee terms, revenue came in at ₹ 22,134 crore as against ₹ 21,964 crore in Q1FY25, which came above the analysts' estimates of 21,829 crore. The EBIT margin has expanded by 80 basis points YoY, reaching 17.3%, supported by operational efficiencies and cost control measures. The company expects revenue from its IT Services business segment to be in the range of $2,560 million to $2,612 million in Q2FY26, translating to a sequential growth guidance of -1.0% to 1.0% in constant currency terms. Harshal Dasani, Business Head at INVasset, said, 'While macro headwinds persist, the Q1 results offer a reassuring blend of earnings beat, consistent free cash flow, and capital return. For long-term investors, the interim dividend and guidance retention provide a measured dose of optimism, with the coming quarters critical to confirm the earnings recovery story.' Wipro reported total bookings (Total Contract Value or TCV) of $4,971 million, showing a sequential improvement compared to $3,955 million in the previous quarter. On a year-on-year basis, bookings also increased from $3,284 million in the same quarter last year. Large deal TCV stood at $2,666 million, up from $1,154 million in the March quarter and $1,154 million in the year-ago period. Srini Pallia, CEO and Managing Director, said 'In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals." "Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half. AI is no longer experimental - it's central to our clients' strategies, and we are delivering real impact at scale," Srini Pallia further added. The company, alongside the release of its June quarter performance, announced a dividend of ₹ 5 per share to its shareholders, setting July 28, 2025, as the record date for determining the eligible shareholders. The dividend is scheduled to be paid on or before August 15, 2025, according to the company's exchange filing. 'Payment of interim dividend of ₹ 5 per equity share of par value ₹ 2 each to the Members of the Company as on July 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before August 15, 2025,' said the company in an exchange filing.
Time of India
17-07-2025
- Business
- Time of India
L&T Tech shares in focus after Q1 profit edges up, revenue rises 16% YoY
L&T Tech shares: Operating revenue increased by 16% year-on-year to ₹2,866 crore in Q1FY25, up from ₹2,462 crore in the same quarter last year. However, it saw a 4% decline compared to the previous quarter's ₹2,982 crore. Profit after tax (PAT) rose 1.5% quarter-on-quarter, reaching ₹311 crore in Q4FY25. Tired of too many ads? Remove Ads Management commentary Tired of too many ads? Remove Ads Guidance Shares of L&T Technology Services (LTTS) will be in focus on Thursday after the company reported a marginal 0.7% year-on-year (YoY) increase in consolidated net profit for the June 2025 quarter at Rs 316 crore, compared to Rs 314 crore in the same period last from operations rose 16% YoY to Rs 2,866 crore from Rs 2,462 crore in Q1FY25. However, revenue declined 4% sequentially from Rs 2,982 crore in the March quarter. Profit after tax (PAT) was up 1.5% quarter-on-quarter from Rs 311 crore in revenue for the quarter stood at $335.3 million, down 2.9% QoQ but up 13.6% YoY. In constant currency terms, revenue declined 4.2% QoQ and increased 12.8% YoY. EBIT stood at Rs 381 crore with an EBIT margin of 13.3%.Commenting on the company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six over $10 million deals."In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates the product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross-pollination approach," he by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
