Indian IT has survived the worst

However, unlike global tech firms which reported a spectacular quarter, the results of Indian firms are clearly a mixed bag.

Three companies. Three diverse results. Still, shares of all three trade higher. This is how the story played out at Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd, over the past 10 days.

The COVID-19 pandemic and lockdowns in many parts of the world over the last few months have boosted the use of online communications; a prolonged lockdown in India saw more than a million programmers work from home. The effects have been telling on the results of global technology companies, many of whom reported strong quarterly earnings reports.

Salesforce turned in a record 31% year-on-year revenue growth …


Varun Sood

Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.