Slowdown transient, TCS & HCL Tech to bounce back on long-term demand

July 13, 2023

The management commentary by each of the companies reveals that the demand slack is on account of either a delay in decision making by clients or sporadic ramp downs in some of the projects. Going by the deal additions of TCS and HCLTech’s narrative of making up for the lost ground in subsequent quarters purports that the slowdown is of transient nature since clients continue to invest for the long term

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