Discretionary spending is expected to increase in the coming quarters, especially around data, as customers focus on generative AI proof of concept projects, says CEO C Vijayakumar.
Worldwide IT spending on software, services, data centre systems, devices etc is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to analyst firm Gartner
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.