Shares of Tata Consultancy Services were among the top losers on the benchmark BSE Sensex on Thursday; the stock was down over 1.5 per cent on the BSE as its mixed earnings and near-term uncertainty left investors disappointed.
IT companies to see double-digit growth on mega deal wins
SECTIONS
Share
Synopsis
Goldman Sachs estimates that the double-digit growth momentum driven by large-scale shifts (of applications) to the cloud, building applications for the cloud native world and collaboration between IT vendors and customers to build new solutions could usher in the “third wave of IT outsourcing”.
Agencies
In October, Infosys said it will grow 2-3% in the fiscal year 2021 due to rising demand from clients for digital services.
Bengaluru: Indian IT services firms will see double-digit growth in fiscal year 2021-2022, say analysts, as these companies win blockbuster deals from global clients looking to step up technology spends as they shift applications to the cloud and deepen digital services.