Sharekhan has come out with its report on IT space. The research firm remains cautiously optimistic on the information technology sector and our top picks in this space remain TCS and HCL Technologies.
What do the results indicate for the Indian IT sector? The headline numbers of Accenture and Oracle indicate the continuation of demand momentum in the global market place despite an uncertain and volatile global macro-economic environment. The Accenture management commentary also indicates a growing demand for outsourcing and a stable demand from consulting except for a slight slowness in Europe. The demand, going forward, would be driven by globalisation, regulation and operating efficiencies. OracleDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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