Global It Spending
Indian tech earnings may indicate worst is over for showpiece sector
Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services
 "Indian tech earnings may indicate worst is over for showpiece sector")
Troubles for Indian IT firms linger as clients tighten their budgets
Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients
 "Troubles for Indian IT firms linger as clients tighten their budgets")
India's IT spend to reach $124.6 billion in 2024, up 10.7%: Gartner
"Indian organisations are expected to invest in AI and automation during this time, as a strategic effort to improve operational efficiency and address the ongoing shortage of IT talent"
 "India's IT spend to reach $124.6 billion in 2024, up 10.7%: Gartner")
Global IT spending continues to decline by 4.4% for 5th consecutive month
Tech spending remains resilient compared to historical economic downturns and other types of business spending, but rising interest rates are now impacting capital spending
 "Global IT spending continues to decline by 4.4% for 5th consecutive month")
'Anxiety at peak': Accenture layoff move jolts Indian IT professionals
Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base
 "'Anxiety at peak': Accenture layoff move jolts Indian IT professionals")
IT analysts in wait-and-watch mode as experts see mild recession in the US
Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23
 "IT analysts in wait-and-watch mode as experts see mild recession in the US")
Covid-19 crisis: $30-billion deal renewal headache for IT companies
Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.
 "Covid-19 crisis: $30-billion deal renewal headache for IT companies")
India IT spending to dip 8% in 2020 amid Covid-19 pandemic, says Gartner
Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.
 "India IT spending to dip 8% in 2020 amid Covid-19 pandemic, says Gartner")
Global IT spending projected to touch $3.7 trillion in 2019: Gartner
Despite the ongoing tariff war, US IT spending is forecast to grow 3.5% in 2019
Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner
Meanwhile, global spending on data centre systems is forecast to grow 3.7 per cent in 2018 -- down from 6.3 per cent in 2017
 "Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner")
