It Slowdown
Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO
The Blackstone-backed firm, which skills and trains people online, said that the demand for GenAI courses in India increased 195 per cent year-on-year in the first quarter of 2024
 "Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO")
Indian IT battles slowdown in US, hiring to be muted for next 2-3 quarters
This implies that hiring will be in the slow lane even in the first quarter of FY25
 "Indian IT battles slowdown in US, hiring to be muted for next 2-3 quarters")
Wipro Q2: Analysts cut EPS est, price targets to factor more revenue slide
Wipro Q2 results review: The stock took a hit and fell up to 4 per cent intra-day as brokerages lowered earnings estimates and trimmed price targets
 "Wipro Q2: Analysts cut EPS est, price targets to factor more revenue slide")
Teamlease sees drop in profit again as rising costs, IT slowdown bite
The company, which hires and trains people in various skills before supporting their placements, said consolidated net profit fell 0.5% to 264 million rupees ($3.22 million) in the April-June quarter
 "Teamlease sees drop in profit again as rising costs, IT slowdown bite")
Channelling tech talent: IT majors face headwinds, may cut hiring in India
A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce.
 "Channelling tech talent: IT majors face headwinds, may cut hiring in India")
Gartner sees Indian IT firms growing faster in 2020 on rising client spend
The report said this year's slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending
 "Gartner sees Indian IT firms growing faster in 2020 on rising client spend")
Three stocks that could defy the IT slowdown
L&T Tech Services, Cyient and Tata Elxsi have exposure to the fast-growing engineering R&D space
 "Three stocks that could defy the IT slowdown")
