“The top four information technology companies not only missed their fourth-quarter estimates but also delivered disappointing annual numbers. The silver lining, however, was in their managements’ expectations of better growth in 2015-16. New growth areas in cloud, digital, and software-as-a-service are based less on arbitrage, reducing the competitiveness of the big Indian firms, said Peter Bendor-Samuel, CEO of the Everest Group. This is a permanent change and unless Indian firms can gain leadership in the new areas, they are looking at slower growth, he added.” Read More.
