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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?
この記事は Business Standard の July 01, 2024 版に掲載されています。
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この記事は Business Standard の July 01, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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