IT firms stare at increasing client issues over coronavirus pandemic

With airlines industry being largely impacted, manufacturers like Airbus and Boeing are also expected to spend less on digital technologies

Indian IT services players are staring at increasing client specific issues in the coming quarters, mainly in the airlines, oil & gas, and tourism sectors.

According to experts tracking the sector, clients in these sectors are likely to hold back their IT spends, which could potentially affect 10-12 per cent of IT exports revenues, aggregating around $15 billion.

“All major airlines such as Delta Air Lines, Cathay Pacific; major cruise companies, apart from firms involved in oil & gas segments, are likely to cut their IT spend in coming quarters. However, there are no project cancellations as of now though