However, concern about the macroenvironment continues to be a challenge.
Among the top four - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - it is Bengalurubased Infosys that has performed the best and that was evident in its full-year revenue guidance.
For the second consecutive quarter Infosys increased its guidance. It now expects FY25 revenue to grow in the range 3.75-4.5 per cent from the 3-4 per cent stated earlier.
What gives confidence of the turnaround is that all the players have said they are seeing discretionary spend is back in banking, financial services and insurance (BFSI). This is of significance because BFSI is the largest in terms of revenue generation.
In the case of TCS, the largest player in the segment, BFSI has growth across the United States and Europe.
Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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