Infosys CEO Vishal Sikka finally has good news for IT industry

Infosys CEO Vishal Sikka finally has good news for IT industry


UBS said price aggression by tierI IT vendors lasts four to eight quarters, post which the incremental share gains fall and competition catches up.
UBS said price aggression by tierI IT vendors lasts four to eight quarters, post which the incremental share g... Read More
MUMBAI

MUMBAI: Infosys' chief executive officer Vishal Sikka's recent commentary on stable pricing for the first time since the second quarter of financial year 2014-15 is an indicator of pricing stability in the sector, which is a positive development, said brokerage UBS in a note.
 
The brokerage said that pick-up in IT budgets in banking, financial services and insurance companies, mainly in the US, which are the major clients of Indian IT vendors, should lead to improved revenue growth in 2017.

"An easing pricing environment implies better demand conditions, in which competitive intensity eases as volumes pick up," said UBS.

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