IT majors gain as pandemic fuels digital services boom
13 Jan 2022 by Deccan Herald
IT behemoths Tata Consultancy Services, Infosys Ltd and Wipro Ltd reported a rise in sequential revenue in the third quarter, boosted by higher client spending on digital transformation during the Covid-19 pandemic. The strong growth in the quarter prompted Infosys to raise its annual revenue forecast.
Companies across sectors shifted to hybrid working models and spent more money on services including cloud computing, cybersecurity, digital payments and crypto platforms during the pandemic, boosting the deal wins and fortunes of software services exporters.
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