Indian IT companies' digital revenue crosses $50 billion
BENGALURU: Barely three years ago, there were analysts who looked at the advances in technology, in new digital areas like AI/ML, sensors and robotics, and were convinced that Indian IT was not responding to these changes. Some predicted the demise of leaders in Indian IT.
Those don't look like they are coming true any time soon. Figures from Indian IT association Nasscom show that the new digital areas crossed the $50 billion revenue milestone last fiscal. That's more than a quarter of the total revenue of $191 billion. For some of the leading companies, it's even higher. For TCS, Infosys and Wipro, digital accounted for 33%, 42% and 41% respectively of their overall revenues for the same fiscal year.
SO there will be no layoffs in these companies ??
Good to see the increase in revenue in spite of Covid 19. But this benefits were not given to its employees. IT employees are the least paid as compared to any industry. Too many lay off and sry cuts.
Good job. Please keep up the good work.
What is truth of IT companies only people who work there know. Cutting sries etc has become the norm of the day.
As a shareholder of Infosys though a small one, i am happy the company alongwith TCS and Wipro is earning tidy sums in digital field. It speaks volumes about the painstaking efforts of the company's technical staff.
Without innovation, no IT company can earn any big revenue.
There are people, who would always think and talk negative. God bless them
Indian IT companies are the envy of digital world. Indian IT talent is the most sought after human tech resource ferreted and poached all over the world.
IT Sector remained as one of the sectors making huge turn over despite Covid-19 pandemic. It is again one of the Sectors which offered new jobs.
There is a bit of slide in revenues because of Corona vir s but once things improve in US, IT sector would again be the biggest earner of foreign exchange for the country.
whatever revenue these Indian IT companies make, they still not free from typical street baniya shop mindset. they r secretly laying off employees, doing sry cuts...all under garbs of pandemic
They do nothing of the kind. They always pay their staff well.