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Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

Firms drawing higher revenue from software products and platforms have edge over peers

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Industry experts feel that as investments in products and platforms are considered the core of any enterprise, it’s highly unlikely that they will look at effecting a deep cut in these spends.

Debasis Mohapatra Bengaluru

3 min read Last Updated : Apr 29 2020 | 3:15 AM IST

As Indian IT services players stare at a significant fall in revenue growth in the first two quarters of the current financial year because of the coronavirus disease (Covid-19), companies that draw higher revenues from software products and platforms appear to have an edge over their peers.

Industry experts feel that as investments in products and platforms are considered the core of any enterprise, it’s highly unlikely that they will look at effecting a deep cut in these spends.

In this respect, HCL Technologies and Infosys among tier-1 firms, and Persistent Systems among mid-tier firms draw more revenue from product

Topics : Coronavirus India's IT sector Indian IT firms Tata Consultancy Services TCS Infosys HCL Technologies Persistent Systems

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