Slowdown in hyper-scalers could impact the revenue of the IT companies'

Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions supported by hyper-scalers like AWS, Azure

Cloud, Cloud Services, Cloud Computing
Premium

BS Web Team New Delhi
The revenue of the IT service providers may be impacted by up to 33 per cent due to a fall in the growth rate of three platforms, Amazon Web Services, Microsoft Azure and Google Cloud. In the first half of 2022, the three platforms have reported a 7 per cent fall in incremental revenues, according to a report by Economic Times (ET).

The Chinese cloud service providers have already reported a slowdown in growth. Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions. Most

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2022 | 2:39 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com