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HCL Technologies' revenue rose 2.7% in constant currency to $2.06 billion in the June quarter compared to the preceding one, and 8.5% compared to the same period last year. That's the second best performance among the top Indian IT companies. TCS' revenue rose sequentially by 4.1%, Infosys' by 2.3% and Wipro's by 0.1%. On a year-on-year basis,  TCS  grew by 9.3%,  Infosys  by 6% and  Wipro  by 2.4%. HCL's net profit increased 3.4% to $356 million compared to the preceding quarter, and 5.7% compared to the same period last year. HCL has overtaken Wipro to be the third-largest Indian IT firm. It had a narrow lead of about $30 million in the last quarter. But HCL has added only $16 million in incremental revenue in the June quarter, one of the lowest additions in the last five quarters. Revenue from the banking and financial services vertical shrunk by 1.4% in the June quarter due to some of its clients insourcing work and reduction in outsourcing spends by...

Jio has posted a net profit of Rs. 612 crores for the first quarter just a day  after arch rival Airtel reported  a drop in net income . The  Jio  quarterly  revenue stood at Rs. 8,109 crores as for June 30, 2018, with an ARPU  (average revenue per user) of Rs. 134.5. This is the second consecutive dip  in ARPU for the company, which  earned Rs.154 per customer in the Dec 2017 quarter and Rs. 137.1 crores in the January-March period.  The Jio user base stands at 215.3  million at the end of June quarter, a figure RIL Chairman Mukesh Ambani  had  announced  at the company’s AGM  earlier this month. According to RIL data, Jio added 28.7 million new subscribers in Q1 2019 compared to 26.5 million in the  preceding three months. The company says this is the highest user growth it has experienced since it started  commercial operations in April 2017. The churn rate (percentage of people leavin...