Shikhar Dhawan
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Indian IT Services Industry Anticipates Continued Muted Hiring for Next 2-3 Quarters
Notably, the surge in demand for digitalization following the Covid-19 pandemic prompted substantial hiring by Indian IT services firms from the second quarter of FY2021 to the second quarter of FY2023.
Q2 Report Reveals Subdued IT Hiring, Surge in Demand for Functional Skills
Quess Corp, a prominent business solutions provider, unveiled that approximately 65 percent of the total demand has originated from these specific skill sets, indicating a heightened necessity for specialized proficiencies.
Indian tech sector sees 40% surge in deal values in Q3
The deal volumes, however, fell by 13 per cent in the July-September period.
Big Tech coalition seeks 12-18 month extension to comply with India's DPDP Act
In a letter addressed to Union IT Minister Ashwini Vaishnaw and Minister of State for Electronics and IT, Rajeev Chandrasekhar, the group said that since implementing these provisions would require structural changes in organisations and businesses, “they are likely to face significant amount of challenges during the course of such transition”.
Accenture’s weak guidance signals no revival in sight for Indian IT companies
Continued weakness in North America’s BFSI and Hi-tech, though not surprising, indicate demand has not bottomed yet. ACN's commentary that weaker macro is taking its toll on the pace of spending of even the larger programs could mean that large deal ramp-ups could take even longer, further impacting revenue growth, the report said.
India-Canada row: Domestic IT companies adopt wait & watch approach
While the IT industry's apex body Nasscom has maintained there is “no immediate cause of concern,” IT companies, including startups, are treading with caution.
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