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The first half of the year is over, how do you see technology spends now?
Yes, there is recovery. But the recovery slope is slower and similar to the start of the year. We did say that we will end up with a higher exit rate and we stick by it. In terms of geographies, Europe has been more resilient than the US. In the US, there was more focus around cost reduction last year. Reason being, the technology bills have gone up, labour cost has gone up, the consumption of Cloud and software as a service (SaaS) has increased and so has the price. With heavy spending in 2021 and 2022, customer's technology bills have gone up, and now they want to rationalise. The attention to cost remains, but now they want to invest to transform and be efficient. We see large programmes on how they can drive efficiency.
Would it be fair to assume discretionary spending will also be back as recovery happens?
هذه القصة مأخوذة من طبعة July 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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In the shadow of the mighty Annapurna
The unusual charm of trekking to Mardi Himal in the rainy season
Govt to organise Global IndiaAl Summit on July 3-4
The Ministry of Electronics and Information Technology will organise a global AI summit on July 3-4 to discuss issues related to artificial intelligence with India firmly committed to ethical and inclusive growth of this new-age technology.
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ON THE BOIL
Why are milk prices rising when the supply is healthy?
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Asset monetisation helped RIL create value: Morgan Stanley
Asset monetisation cycles have created 2-3x value for the shareholders of Reliance Industries in the last three decades, with each decade witnessing $60 billion in market cap creation, according to a report by the US-based financial services firm Morgan Stanley.
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Weak steel prices rob metal sector's sheen
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Regulator directs exchanges, other MIIs to levy same fees
The Securities and Exchange Board of India (Sebi) on Monday directed stock exchanges and other market infrastructure institutions (MIIs) to discontinue with the practice of levying slab-wise fee structures.
Niva Bupa files draft papers for ₹3,000 cr IPO
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Mkts start July on strong note, log new highs
Indian equities extended their winning run during the first session of July by logging new highs on Monday, supported by gains in banking and technology stocks.