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Insight: IT firms have rarely traded at lower valuations, time to rethink

Most Indian companies have not yet adapted to the cloud; to artificial intelligence; and to business models like software as a service

Devangshu Datta 

Devangshu Datta For almost two decades, the information technology (IT) sector has been the traditional hedge when the rupee is under stress. It has always been a high-growth play on the US economy (and to a lesser extent on Europe and other First World economies). But, there are fears that relationship is breaking down.   First, growth in the IT industry has slowed. Most Indian companies have not yet adapted to the cloud; to artificial intelligence; and to business models like software as a service. The old model of simply adding personnel no longer works. When it comes to these new ...

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First Published: Tue, December 13 2016. 23:51 IST
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