‘Those that can not bear in mind the previous are condemned to repeat it.’ This quote, attributed to novelist and thinker George Santayana, is ringing sound and robust at the moment within the IT sector, put up the shocker of a outcome from Infosys. Because the pandemic-induced want for digitisation, mixed with unprecedented fiscal and … Read more
The Indian IT providers sectors’ deal win momentum, which had been resilient to this point, even amid market slowdown, has now turn out to be extra sedate. Within the third quarter, the highest 4 IT majors noticed a sequential decline of their Complete Contract Worth (TCV), as macro-headwinds nonetheless persist for the sector. Tata Consultancy … Read more
Although there was some minor corrections not too long ago, the Nifty index breached one more lifetime excessive late final month The occasion was marked with the standard mixture of celebration and a quiet discomfort — the place to from right here? To seek out out the reply, we checked out how market valuations stand … Read more
Tech large Accenture’s muted income progress and conservative outlook alerts a continued downturn for the Indian IT business. As discretionary spending stays cautious, demand restoration within the close to time period is to not be anticipated for the sector. Accenture in Q1 — the corporate follows September-August fiscal — reported year-on-year (y-o-y) progress of 1 … Read more
India’s info expertise corporations are accepting harder contract phrases to win giant offers from shoppers as they compete for fewer orders in an unsure world economic system, business insiders and analysts say. The $245-billion sector, which gained immensely from the pandemic-induced growth in digital providers, has struggled in latest quarters as shoppers slashed spending on … Read more