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  • Location Spotlight
    July 28, 2023

    Everest Group’s Location Spotlight reports provide a concise and insightful assessment of global services delivery locations, both established and emerging/next-wave, categorized by country and city. The reports serve as a valuable resource for global sourcing practitioners…
  • In the News
    July 24, 2023

    Indian IT majors kicked off a somber earnings season, where their comments highlighted an uncertain demand environment, cuts in discretionary spending, project delays, and a decline in people addition. In the second quarter of the calendar…
  • In the News
    July 18, 2023

    Technology services provider Infosys has announced it is entering into a framework agreement with one of its existing strategic clients to provide artificial intelligence (AI) and automation-led development. Peter Bendor-Samuel, Chief Executive Officer (CEO) and Founder…
  • In the News
    July 11, 2023

    Infosys’ Business Process Management (BPM) arm – the largest subsidiary of the IT company – last fiscal year recorded its slowest growth since 2016-17, hurt by a decline in revenue from its top accounts and the…
  • Blog
    July 05, 2023

    At Everest Group, we work with a lot of companies currently wrestling with the challenge of moving people back to the office. They went from everyone working at the office or company facility to everyone working…
  • In the News
    July 03, 2023

    Last quarter, the Indian IT industry received a wake-up call. Demand has slowed for the first time in two years, but corporations hoped that cost-cutting programs would compensate for deal ramp-downs and cuts in discretionary spending.…
  • In the News
    July 03, 2023

    Large deal wins in recent months by Indian IT firms have raised hopes of offsetting the impact of the slowdown seen in the technology industry, but industry experts express that such deals are fraught with risks…
  • Blog
    June 20, 2023

    The first quarter of this year was a story of an economy that was slowing but still progressing. The story suddenly turned negative in mid-April. At that time, we at Everest Group detected a significant step…
  • Blog
    June 16, 2023

    Today, most companies are in the process of assembling digital operations platforms or are in the process of evolving them. Software-defined operations platforms enable companies to integrate technology and services so they can operate differently and…
  • Location Spotlight
    June 16, 2023

    Everest Group’s Location Spotlight reports provide a concise and insightful assessment of global services delivery locations, both established and emerging/next-wave, categorized by country and city. The reports serve as a valuable resource for global sourcing practitioners…
  • In the News
    May 29, 2023

    Indian IT companies are trying to broad-base their businesses across verticals to reduce their dependence on a few select areas. For example, the revenue contribution for HCL Tech from the US has increased from 62.5% in FY18 to…
  • In the News
    May 28, 2023

    Just six months ago the Indian IT industry was avidly debating issues, such as moonlighting, freshers’ salaries, attrition and WFH (work from home). Today it has shed these worries for new ones as they negotiate global…
  • Thematic Report
    May 23, 2023

    As businesses expand their operations to different parts of the world, it is becoming increasingly important to communicate with customers in their native language. While English is widely recognized as the lingua franca of business, global…
  • In the News
    May 16, 2023

    Indian IT majors are expected to see significant pressure on their pricing in fiscal 2023-24 due to an environment marked with slow technology spends, said analysts. Pricing power has shifted from the providers to the buyers,…
  • Market Insights™
    May 16, 2023

  • In the News
    May 11, 2023

    Foxconn, the assembler for Apple iPhones, has established India as its second home after China. Recently, the company purchased a 300-acre site in Bengaluru and plans to set up a plant in Telangana. However, one particularly…
  • In the News
    May 02, 2023

    Midcap IT firms, which were growing at around 25-45% year-on-year during the last few quarters due to the move towards digitization and cloud during the pandemic, are likely to face constraints this fiscal year. Some may…
  • In the News
    May 01, 2023

    Big IT firms are projecting a single-digit revenue growth rate for the current financial year despite winning several large deals as these companies continue to lose business from existing clients. Industry sources are of the opinion…
  • In the News
    April 30, 2023

    The sales projections for the current financial year for the IT industry are more reminiscent of the single-digit revenue growth registered in the pre-pandemic years. “Overall, we see the industry slowing but not contracting. The larger…
  • In the News
    April 18, 2023

    Large deals may be the mainstay for revenue acceleration, but delay in project ramp-ups in these contracts are adding to the woes of tier-1 IT firms during the fourth quarter and beyond. Sources in the know…

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