Sai Ishwarbharath - Profile and Journalist Details
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Sai Ishwarbharath
Verified
Tech Correspondent, Reuters
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By Sai Ishwarbharath Verified| NewsBreak@ BENGALURU (Reuters) - Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects.
By Sai Ishwarbharath Verified| NewsBreak@ (Reuters) - Wipro, India's fourth-largest software company, posted a bigger-than-expected fourth-quarter revenue on Friday, aided by firmer profit margins and a recovery in its consulting business. The company's consolidated revenue decreased 4.2% to 222.08 billion rupees ($2.66 billion) in the January-March quarter, but beat analysts' expectation of 221.51 billion rupees, as per LSEG data.
By Sai Ishwarbharath Verified| NewsBreak@ BENGALURU (Reuters) - Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects.
Company Info
Reuters
Reuters is a global news agency and a division of Thomson Reuters, providing real-time financial data, multimedia news, and professional insights to media organizations, businesses, and governments. Founded in 1851 by Paul Julius Reuter, the agency operates in around 200 locations worldwide, employing approximately 2,500 journalists and 600 photojournalists who report in 16 languages. The agency is known for its speed, accuracy, and neutrality in journalism. It covers a wide range of topics, including breaking news, politics, business, technology, and health, distributing content through text, video, and photography. Reuters also offers financial data services, including real-time market quotes and trading analytics, as well as multimedia solutions and professional tools for various sectors. With over 105 million monthly readers, Reuters is one of the most visited news sites globally, recognized for its significant impact on international journalism.
Nairobi, Kenya
+44 20 7949 4864
Founded: 1851