ITSpending

Infosys Anticipates Sluggish Growth Amidst Declining IT Spending

2 months ago

In a significant update on its financial outlook, Infosys, the prominent Indian IT services company, has revised its sales growth expectations downward, attributing this shift to a broader slowdown in technology spending. The firm spoke candidly about the challenges posed by a transitioning economic landscape that has prompted businesses worldwide to reevaluate their budgets for IT expenditures.

Tech Titans Struggle: TCS Reports Lower Profits Amid Sluggish IT Spending

5 months ago

In a disappointing turn of events for Tata Consultancy Services (TCS), the Indian IT giant has reported a drop in profits that has fallen short of analysts' expectations. This announcement comes against the backdrop of a broader slowdown in information technology spending, raising concerns about the future growth prospects of not just TCS, but the entire sector.