The IT story is being played down since news of economic slowdown in the US and Europe. While demand is on the wane for IT products from the major markets, spend on IT too is seen declining quarter on quarter.....
The IT story is being played down since news of economic slowdown in the US and Europe. While demand is on the wane for IT products from the major markets, spend on IT too is seen declining quarter on quarter. CNBC-TV18 catches up with Vineet Nayyar, chairman of Mahindra Satyam to get his perspective on the business prospects of his company and the sector in the current quarter and the way forward.
He says that discretionary spending by clients is seen declining. While there are job cuts observed across the globe Mahindra Satyam is not embarking on any dramatic changes in the hiring pattern.
On the revenue front, Nayyar says that though some forex losses are likely due to the depreciating rupee, FY12 growth is targeted in the higher teens.....back
He says that discretionary spending by clients is seen declining. While there are job cuts observed across the globe Mahindra Satyam is not embarking on any dramatic changes in the hiring pattern.
On the revenue front, Nayyar says that though some forex losses are likely due to the depreciating rupee, FY12 growth is targeted in the higher teens.....back