After more than a year of slowing sales, India's software services companies that power corporations, ranging from global banks to retailers and plane-makers, may finally be seeing light at the end of the tunnel.
Banks spending more on technology to meet regulatory mandates; companies upgrading systems, applications and products, or
SAP, systems; and a broader increase in technology spending after US elections due in November are some of the factors that have raised demand recovery prospects for India's over US$245 billion (S$333 billion) information technology (IT) services sector in 2025, according to BofA Securities.
Tata Consultancy Services (TCS), Asia's biggest IT services exporter, reported its fourth-quarter earnings on April 12, to be followed by smaller rivals Infosys and Wipro in the week after and HCL Technologies on April 26. Sales have been slowing at these firms as their clients in the US and Europe have been reluctant to spend on large discretionary projects at a time of economic uncertainty, and the January to March quarter is also likely to have remained soft.
هذه القصة مأخوذة من طبعة April 15, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 15, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
S'PORE IN THE MIX FOR WORLD CHESS C'SHIP
New Delhi, Chennai also want Ding-Gukesh clash; Fide’s final decision later this month
TRIPPIER BACKS ENGLAND TO WIN EURO 2024
Defender says they have the team and the togetherness to end 58-year title drought
SASO SEALS UNIQUE DOUBLE
First Filipina to win US Women’s Open becomes the first from Japan to do so
Real estate execs notably downbeat on prime residential sector: Survey
But overall sentiment in Singapore’s market continues to improve in first quarter
Nvidia unveils new AI tools as it eyes upgrades every year
Firm expects to play key role as generative Al shifts to personal computers, says CEO
Singapore stocks end higher, tracking regional gains
Stocks in Singapore ended higher on June 3, tracking gains in the region.
Tingkat, catering businesses highlight safety standards after firm loses its licence
Steps they take include discarding unused ingredients, employing food hygiene officers
Cops who played role in finding abused teen help Clementi division snag record win
All the police officers had to go on in 2022 was an online post of a teenage boy, who has low IQ, being held and abused in a hotel room.
Google's infrastructure investment here hits $6.7b with new data centre
This is up from L1b in 2022 when its third data centre here was launched
Sheinbaum scores landslide win to be Mexico's first woman president
Victory is major step for country known for macho culture and traditional values