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    IT majors under pressure from global eco troubles

    Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growth of 16-17% for the services vertical in FY23.

    IT majors under pressure from global eco troubles

    Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growth of 16-17% for the services vertical in FY23.​

    Indian IT wins half of top deals since 2020

    Indian IT firms have been among the biggest beneficiaries of the IT deal consolidations in the last two years. At least half of the top global deals were snagged by Indian IT players.HfS Research’s data shows that Infosys won a $3.2 billion deal from Daimler and a $1.

    IT firms tap dealmakers to chase large contracts

    Indian IT firms had bagged a significantly higher number of big-ticket deals in the last fiscal, making it one of the best years in recent times in terms of large deal wins.

    Will Indian IT majors see Covid impact like Accenture did? There's one reason why they may not

    Indian IT services peers of Accenture have faced challenges during the first quarter (April-June) due to delay or cancellation of certain projects in the wake of the Covid-19 pandemic. That said, Indian companies have comparatively less dependence on the segment that contributed majorly to the US giant's decline this quarter.

    BPM companies see digital deal surge in UK

    “Our public sector business in the UK has done well. We are supporting the government in a particular project around track and trace. All of that has helped us stay ahead,” Partha DeSarkar, CEO, HGS, told ET.

    The Economic Times
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