Read more about Mid-cap information technology players may have hit valuation ceiling on Business Standard. Sharp premium over larger peers and ability to maintain margins can cap gains
Pandemic, travel bans result in higher offshoring for IT firms
SECTIONS
Share
Synopsis
The trend was likely to continue going forward, analysts and companies said, since clients have become more open to people working remotely and because of its positive impact on margins.
Agencies
The mid-tier IT services firm has hired around 900 people in India over the last few months – over 90% of its total hires.
Indian IT services providers have reported higher offshoring in the previous financial year as employees worked from home through the Covid-19 pandemic and as a result of travel bans by the United States, their largest market.
Read more about Market Wrap, May 05: Here s all that happened in the markets today on Business Standard. RBI announced a Covid-19 healthcare package of Rs 50,000 crore for vaccine makers, medical equipment suppliers, hospitals and patients in need of funds.
This website uses information gathering tools such as cookies and other similar technologies. By clicking Accept on this banner or by using this website, you consent to the use of cookies unless you have disabled them. If you do not consent, do not use this website. It is at your, the user s, discretion to proceed with accessing this website. For more information, read the Cookie Policy under Online Privacy Policy.
This website uses cookies.. This website uses information gathering tools such as cookies and other similar technologies. By clicking Accept on this banner or by using this website, you consent to the use of cookies unless you have disabled them. If you do not consent, do not use this website. It is at your, the user s, discretion to proceed with accessing this website. For more information, read the Cookie Policy under Online Privacy Policy.