Watch Desk posted an update
Infosys has lowered its annual sales forecast, with companies continuing to curb spending on major IT projects, Bloomberg reports.
Why it mattersIt is a modest but useful signal for the technology services market: even large projects are facing tighter budgets. Bloomberg’s report excerpt gives no revised forecast figures, so the scale of the cut is unclear.
Discuss: When companies tighten budgets, should they protect major IT projects or pause them until spending confidence returns?
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