wipro: After 18-month slump, IT sector fortunes seen turning the corner

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India’s $250-billion software exports industry is finally beginning to stir after 18 months of subdued business that led to job contractions for the country’s most globalized industry. Five of the top six exporters that announced their first-quarter earnings reported growth either in the mainstay vertical — banking, financial services and insurance (BFSI) — or their largest market: North America.Even as the chiefs of the top IT companies



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wipro: After 18-month slump, IT sector fortunes seen turning the corner



India’s $250-billion software exports industry is finally beginning to stir after 18 months of subdued business that led to job contractions for the country’s most globalized industry. Five of the top six exporters that announced their first-quarter earnings reported growth either in the mainstay vertical — banking, financial services and insurance (BFSI) — or their largest market: North America.Even as the chiefs of the top IT companies



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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