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Muted revenue growth prompts large US banks to slow down IT spending

Technology spending in the banking, financial services and insurance sector is expected to bounce back as monetary policy begins to loosen globally, but unless client budgets increase significantly, the risk of revenue-growth disappointments remains.
Infosys Ltd Tata Consultancy Services Ltd Consultancy Services Ltd Institutional Securities It Companies It Services Companies

Palo Alto Networks Plunges After Giving Disappointing Forecast

(Bloomberg) -- Cybersecurity company Palo Alto Networks Inc. tumbled in late trading after cutting its revenue forecast for the year, sparking concerns that customers are reining in tech spending. Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Must-Watch Earnings: Markets WrapUS Tells Allies Russia May Launch A...
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