Indian IT firms Infosys and Wipro exceed Q revenues, driven by financial sector client spending resumption.

Indian IT firms Infosys and Wipro have surpassed quarterly revenue projections, driven by renewed spending from financial sector clients. This shift comes after over a year of reduced client expenditures due to economic uncertainty. Global banks are now resuming postponed projects, which bodes well for India's $254-billion IT industry, where about one-third of revenue stems from the banking, financial services, and insurance sector.

October 17, 2024
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