<ul type="disc">
<li><span>IPOs of US SPACs exceeded $8.8bn during 3 Jan<span><span>­</span><span>­</span></span>-25 Mar 2022</span></li>
<li><span>Uncertain regulatory environment compels SPACs to exclude Chinese targets</span></li>
</ul>
<ul type="disc">
<li><span>IPOs of SPACs on SGX exceeded SGD500m in January 2022</span></li>
<li><span>Tech-driven firms remain favorite targets to complete de-SPAC transactions</span></li>
</ul>
Profits sink for almost half of world’s top IT service providers
Profits sink for almost half of world’s top IT service providers
Data finds HPE, NCR and Atos bottom lines were hit the worst in 2020. Credit: Supplied
Almost half of the world’s top IT service providers saw revenue and profits fall in 2020, according to new data from GlobalData.
The analyst firm s figures revealed that 50 per cent of the top 20 IT service providers by revenue reported a year-on-year revenue decline in 2020, while nine saw a drop in net earnings. This fall come despite the global move to remote working and the ensuing reliance on IT services, alongside the global digital transformation push.
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