The software collapse has broadened with 'nowhere to hide' as the AI rate-of-change has extrapolated in both 'logical and illogical ways', said JPMorgan.

The heavyweight IT stocks are leading losses on benchmark indices Sensex and Nifty. The Nifty IT index is currently the top losing sectoral index on the markets.

Monday - Friday, 11:00 - 12:00 SIN/HK | 0500 - 06:00 CET Nitin Rakesh, CEO of Mphasis, talks AI demand and its impact on their business - saying they're focusing on transforming existing legacy ...

Mphasis reported a 3.3% increase in consolidated net profit and a 12.3% rise in revenue for Q3 FY26. New contract wins, largely AI-driven, bolstered growth. The company expects to outpace industry ...

BENGALURU, Jan 22 (Reuters) - Indian information technology company Mphasis (MBFL.NS), opens new tab reported third-quarter revenue in line with estimates on Thursday, with banking and financial ...

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