Europe was a bright spot for the Indian IT industry’s growth when its chips were down. But as North America has started gaining traction for the IT services industry, the other side of the pond has begun to show signs of softness for many of the top IT companies.
Peter Bendor-Samuel, CEO of research firm Everest Group, said Europe is facing a decelerating economy. “Firms are pulling back hard on discretionary spend and looking to delay large projects.”
Read more at: The Economic Times
