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IT companies: Manik Taneja on how Tech M will fare? What to expect from IT cos in H2

Axis Capitals Manik Taneja says that tier-1 tech companies have managed to maintain margins well, with some deferring wage implements. However, growth has been modest and below expectations for most companies in the IT sector. Taneja does not expect significant positive surprises in Tech Mahindras upcoming earnings report and believes that the companys margins may not show a significant uplift. Axis Capital has a negative view on the sector overall, with Tech Mahindra being the only positive-rat...
Uttar Pradesh Tata Elxsi Mohit Joshi Manik Taneja Indian School Of Business It Services

Bleak days ahead for IT firms as macro trends crimp spending; and other top, tech stories this week

Reluctance by clients to go for large spends on digital transformation over the past few quarters has taken a toll on big IT firms. Subdued macroeconomic trends have meant cutting down on discretionary spending and projects that do not immediately require investments.
United Kingdom New Delhi Abhishek Maheshwari Pranav Mukul Nithin Kamath Rainmatter Zerodha Rainmatter

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