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Delayed remote working approvals hit IT sector performance in Q4

India Australia New Zealand city Mumbai covid-19 information Government prevention
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MUMBAI: The inability of clients to clear work-from-home mandates for offshore employees was one of the biggest reasons for revenues of Indian information technology (IT) companies taking a hit in January-March, firms noted while announcing their earnings for the quarter.

IT services model is built around providing secure services from offshore data centres largely based out of India. While the cost arbitrage model has been evolving for some time, the basic premise has been constant.

With the Indian government, as in case of many other countries, implementing a nationwide lockdown to prevent the spread of covid-19, this model was severely crippled. “Getting remote working permissions from clients across Europe and Australia-New Zealand

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United States
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Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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