Discretionary pickup may revive revenue growth for IT biggies

The sample’s revenue fell by 0.3% from the previous quarter to $20,207.5 million. In addition, the trailing 12-month (TTM) trend in revenue shows that after a spike between FY21 and FY22 amid the post-pandemic boom, the revenue growth for each of the five companies has fallen below the levels seen five years ago, impacted by a slack in the demand for discretionary projects – long-term contracts which are transformational in nature – amid the rising focus of clients to achieve cost efficiency for existing processes.

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