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via livemint.comBusiness & Companies

Infosys caps a dull second quarter for Indian IT

FROM THE WIRE · LIVEMINT.COM

The management of Infosys pointed to the challenging macroeconomic environment, hinting at rising competition and increasing client demand to save costs using artificial intelligence.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishManagement flags a tough macro backdrop and rising competition, with clients seeking AI-driven cost savings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Infosys management cites a challenging macroeconomic environment.
  2. 02Competition in the IT services sector is rising.
  3. 03Clients are increasingly seeking cost savings using artificial intelligence.

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