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