TechThisWeek: Q2 IT earnings; Paytm’s new launchpads; deals and dealmaking
India’s largest IT exporter Tata Consultancy Services reported a 3% increase in quarterly revenues to Rs 40,135 crore, beating Dalal Street expectations, even as net profits declined 7% from a year ago.
Guest speaker Sanjeev Hota, vice president and head of research at BNP Paribas’ Sharekhan, joined our reporters to discuss the results and the upcoming earnings of TCS peers.
Bengaluru-based Unocoin Technologies, which runs an eponymous cryptocurrency exchange, raised an undisclosed sum as part of a targeted $5 million Series A funding round.
The company’s co-founder and CEO Sathvik Vishwanath joined TechThisWeek to discuss the regulatory framework and interest from retail investors in the cryptocurrency space.
Also in the podcast:
- Infosys on Thursday said that it will acquire Blue Acorn iCi, a provider of digital customer experience, commerce and analytics solutions, for up to $125 million.
- Even as Paytm First Games is back on the Google Play Store after being banned for weeks, its parent has continued its rhetoric against the search engine giant.
- Dealmaking this week saw a 40% uptick compared to the previous week. Technology startups raised a total of $96 million across 11 deals.