TCS, Infosys, Wipro: Nuvama said despite a weak outlook for the US, the Capgemini management maintained revenue growth guidance due to resilient demand in Europe.
The recent developments hint towards the Indian IT sector phasing out remote work and bringing employees back to offices. This comes at a time when major IT players are trying to reduce inefficiencies
TCS, Infosys, Wipro: Nuvama said Cognizant’s results were similar to large India IT Services companies where deal wins continued to be very strong while revenue growth remained soft.
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives exits
Although experts are cautious in their predictions for the future owing to deceleration in the IT sector owing to global uncertainties, you may consider Cyient, PSYS for your portfolio.