Live
- GAIL clocks net profit of Rs 2,672 crore in Q2
- Sr Men's National Hockey: Delhi, Karnataka, Bengal, A.P. win group matches on Day 2
- ‘Nation is proud of you’: West Bengal Guv to GRSE on laying keels of two NGOPVS
- Kirttane, Kapadia bag golden double as India wins 14 medals in Asia Pickleball Games
- Gurugram: 11 projects of GMDA worth Rs 249.77 crores approved
- Akali Dal stages statewide protests over ‘tardy’ paddy procurement in Punjab
- Firing on Nandan Kanan Express in Odisha, probe launched
- Indian Army Seizes Massive Cache Of Arms And Ammunition In Manipur Amid Ongoing Violence
- Polling Stations Open Across Eastern And Central US As Voters Head To The Ballots In Historic Election
- Hyatt set to expand brand presence in Nepal with hyatt regency lumbini
Robust Q3 in store for Indian IT firms
Robust Q3 in store for Indian IT firms
Indian IT services companies are likely to see a strong demand environment with robust deal pipeline for the next financial year despite fears of omicron spread across the world.
Bengaluru: Indian IT services companies are likely to see a strong demand environment with robust deal pipeline for the next financial year despite fears of omicron spread across the world. The spread of the new variant has led to complete lockdown in Netherlands, while many European countries have also brought in restrictions on outdoor activities.
However, first quarter results of Accenture (that follows September-August financial year cycle) indicates that the demand environment is likely to stay robust for Indian IT firms (April-March financial year cycle).
Accenture has raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier. The company's management said the current demand environment will sustain for many years as just 30 per cent of firms have completed their cloud migration journey.
