Europe revival helps IT survive quarter shocks

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Robust outsourcing demand from Europe helped cushion revenue growth in at least three of India’s top six software services exporters during the June quarter.

HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/ltimindtree-ltd/stocks/companyid-3318.cms” target=”_blank”>LTIMindtree, and rel=”dofollow” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” target=”_blank”>Tech Mahindra gained new business from European clients, marking a revival for the region after three quarters of deal slowdown. Overall revenues in these companies rose in low single digits in the three months ended June.

Europe has become an interesting case of late. It is starting to build tech capabilities to maintain its tech sovereignty, which at the moment is…



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Europe revival helps IT survive quarter shocks



Robust outsourcing demand from Europe helped cushion revenue growth in at least three of India’s top six software services exporters during the June quarter.

HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/ltimindtree-ltd/stocks/companyid-3318.cms” target=”_blank”>LTIMindtree, and rel=”dofollow” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” target=”_blank”>Tech Mahindra gained new business from European clients, marking a revival for the region after three quarters of deal slowdown. Overall revenues in these companies rose in low single digits in the three months ended June.

Europe has become an interesting case of late. It is starting to build tech capabilities to maintain its tech sovereignty, which at the moment is…



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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