Taking stock: Weak guidance, multi-quarter low growth keep IT investors on edge; what’s in store ahead?

August 3, 2023

The two verticals that most IT companies saw notable slowdown were banking and telecom, and these two sectors saw significantly higher digital spend during the pandemic period. The commentaries by companies indicate that project ramp downs or cancellations might still be on-going as and when these projects come up for renewals.

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