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Lockdown: IT sector earnings may come under pressure as clients seek discounts
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MUMBAI: Run-the-business projects will witness pricing pressure for information technology (IT) companies even as they continue to drive business during weak-demand quarters that is likely in the near term.
The top three Indian IT companies that have announced results so far have indicated that while new projects will be difficult to come by, existing clients and operations, to keep businesses running, will be growth drivers which is why companies have been collaborating with customers to retain contracts.
Run-the-business operations refer to services that IT customers need to stay functional despite the absence of fresh demand. “We see new-development projects cut or pushed back while run-the-business spending will likely see significant
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