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Nine of India’s top ten software services firms, employing more than 2 million engineers, have seen their workforce shrink in the six months to 30 September, the first time in more than 25 years, as clients in the US and Europe cut spending amid rising economic and geopolitical risks
The Nifty IT index was trading 0.28 per cent down at 30762.25.
The Nifty IT index closed 1.03 per cent down at 30530.5.
The Nifty IT index closed 0.22 per cent down at 31469.35.
BENGALURU : Indian IT services company Coforge on Thursday reported a 16.2 per cent jump in second-quarter revenue and reiterated its revenue growth forecast for fiscal year 2024, aided by new deal wins amid a challenging macroeconomic environment.Consolidated revenue from operations rose to 22.76 billion