New Delhi, April 17 -- This week in tech, Indian IT firms reported their quarterly earnings while continuing to expand their focus on AI and automation. Infosys signed a new transformation deal in New Zealand, and HCLTech deepened its partnership with NVIDIA. Here is a list of the most important updates for a quick catch-up:
Wipro Q4 profit climbs 25.9% despite nearly flat revenue
Wipro reported its financial results for the fourth quarter of FY25 on Wednesday. The company posted a 25.9% year-on-year rise in consolidated net profit to Rs.3,569.6 crore. Revenue for the quarter grew marginally by 1.3% to Rs.22,504 crore compared to Rs.22,208 crore in the same period last year. However, for the full fiscal year, Wipro reported a 0.74% decline in revenue, closing FY25 with Rs.89,088.4 crore in topline earnings. Full-year profit grew 18.9% to Rs.13,135.4 crore.
In a regulatory filing, the company said it has continued investing in talent and expanding its capabilities in AI and consulting.
Infosys inks strategic tech deal with Spark New Zealand
Infosys announced a multi-year partnership with Spark, a major telecom and digital services provider in New Zealand. Under the agreement, Infosys will manage and modernise Spark's IT operations. The partnership aims to support Spark's shift to digital and AI-led services while improving cost efficiency. Infosys will be responsible for software development, testing, integration, and system monitoring for Spark's applications and infrastructure.
The company will deploy its cloud and AI platforms, Infosys Cobalt and Infosys Topaz, as part of the engagement. These platforms are designed to streamline operations, improve customer experience, and accelerate product development.
HCLTech integrates NVIDIA AI tools for software, engineering use
HCL Technologies announced a series of new integrations with NVIDIA aimed at enhancing its AI-led platforms for enterprise clients. The company has incorporated NVIDIA AI Enterprise components, including NIM microservices, NeMo Retriever, and Llama Nemotron models-into its generative AI platform, AI Force. The integration is designed to speed up software development, improve code quality, and support tasks such as testing, legacy system modernisation, and automation.
In addition, HCLTech's SmartTwin platform, used in engineering and manufacturing, will now use NVIDIA Omniverse. This will allow for high-fidelity simulations, integration with third-party tools, and the use of OpenUSD for data pipelines. The aim is to reduce reliance on physical prototypes and cut product development costs.
JK Tech, Inveniam launch AI-blockchain platform
JK Tech has entered into a strategic partnership with US-based firm Inveniam to jointly develop a digital investment platform for alternative assets. The platform will use AI and blockchain technology to automate processes, improve data accuracy, and enable real-time decision-making in private markets. This move comes at a time when institutional interest in digital infrastructure for private equity and debt markets is rising.
JK Tech will contribute its expertise in digital engineering, structured data integration, and generative AI. Inveniam will provide its blockchain-based data integrity framework that is already in use for private market data operations.
One Point One Solutions to acquire AI-powered dev platform
Mumbai-based business process management firm One Point One Solutions announced that it has signed a binding term sheet to acquire a majority stake in an Indian AI startup. The name of the startup has not been disclosed. The company has built a fully autonomous software development platform powered entirely by AI. According to the statement, the platform can generate complete applications, including front-end, back-end, and database components, without any manual coding.
Unlike traditional low-code platforms, the solution is built on advanced technologies such as machine learning, natural language processing, and reinforcement learning.
Published by HT Digital Content Services with permission from TechCircle.