CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following IT firm becomes India’s 3rd largest software services company in terms of dollar revenue, during the 2018 June quarter?
A
Tata Consultancy Services
B
HCL
C
Wipro
D
Infosys
Explanation: 

Detailed explanation-1: -NEW DELHI: HCL Technologies has toppled Wipro to become the third-largest software services company in India in terms of dollar revenue, clocking a top line of $2.05 billion during the June quarter. The IT services revenue of Wipro during the same quarter was $2.02 billion.

Detailed explanation-2: -Besides the ever-changing market dynamics for the two tech giants, all IT stocks this year have witnessed significant drops-especially Wipro, which was widely believed to be an underperformer in this arena.

Detailed explanation-3: -HCL Tech’s market worth has risen to overtake Wipro’s by a significant margin (nearly 2.5 lakh crore vs 2.2 lakh crore).

Detailed explanation-4: -BENGALURU: HCL Technologies crossed the $10-billion revenue mark in calendar year 2020, pulling further ahead of Wipro as the third-largest Indian IT services player.

Detailed explanation-5: -1. Tata Consultancy service. – Largest IT company in India. Tata Consultancy service is the Largest IT company in India in terms of Revenue.

There is 1 question to complete.