Chart of the Day: The AI threat to IT outsourcing spends
Business enterprises are increasingly looking to save costs deploying artificial intelligence and automation tools
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Business enterprises are increasingly looking to save costs deploying artificial intelligence and automation tools
IT Sector: In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.
Tussle continues between logistics cos & aggregators; ecomm grows even as offline stores reopen : Rashtra News #Tussle #continues #logistics #cos #aggregators #ecomm #grows #offline #stores #reopen After learning that online logistics aggregators were trying to woo away their clients with lower prices, three large ecommerce-focussed delivery firms simultaneously hiked their fees for these aggregators
Annual profit margins remain below pre-pandemic years despite the recent improvement
TCS, Infosys and Wipro have announced their Q4 numbers so far. TCS and Infosys reported strong deal wins while Wipro continues to see demand environment uncertainty.