Indian tech firms have bigger problems than the Fed4 min read 11 Oct 2022, 05:54 AM IST
It’s time for the country’s outsourcing companies to make bold decisions as consulting firms muscle in on their patch.
The quarterly earnings season for India’s outsourcing firms has begun on a cautiously optimistic note. Tata Consultancy Services Ltd., the largest of the country’s software exporters, reported better-than-expected growth of 8% in net income. Its operating margin, which had slumped to a seven-year low of 23% in the three months to June, rose by 1 percentage point as Mumbai-based TCS dialed down on new hiring.
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