IT Firms May See 1-3% Dip In Margins as Travel Resumes, Talent Crunch Deepens | In the News

The cost benefits that accrued to software services providers till now due to Covid-19 related travel restrictions may be coming to an end.

Peter Bendor-Samuel, CEO of IT consulting firm Everest Group, said 50% of the cost benefit from travel would be lost over the next two quarters and would further erode in the following quarters, though it was expected to stabilize gradually as people become accustomed to virtual meetings.

Read more in The Economic Times

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