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
However, the company's operating margin witnessed a marginal decline. The operating margin stands at 20.1 per cent, a decline of 0.9 per cent on a year-on-year basis and 0.4 per cent from the December quarter.
Infosys Q3 Results Live Updates: The Bengaluru-based Infosys will release its earnings post market hours on Thursday, 11th January. While December quarter is seasonally weak for the information technology sector, it probably got worse for Infosys, as the IT major is expected to report a drop in numbers across parameters.