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Over the past two weeks, the likes of Microsoft, Alphabet, Amazon and even Meta, Apple and Tesla have indicated a weakening demand environment that could last at least two quarters. Even Microsoft gave a cautious outlook despite strong performance. ....
IT Firms: Migration to cloud has been at the vanguard of growth the past three years, but its pace has slowed considerably and is unlikely to return at the level it was post-Covid. As system integrators, the likes of TCS, Infosys and HCLTech get almost a fifth of their new business from the cloud services majors. ....