IT Firms: Mind The Bend
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
The software services company's stock hit its 52-week low of ₹1,219 apiece on the BSE on Monday.
The Bengaluru-based IT giant reported a 20% year-on-year jump in its revenue to ₹38,318 crore in Q3.