Tag: India IT sector

The just-concluded robust quarterly results of global SaaS companies, such as Salesforce, ServiceNow, and Workday, hold cheer for Indian IT players delivering high-end digital services, according to top broker ICICI Securities. Most SaaS companies have reported June/July23 quarter revenue growth higher than their guidance, and some have also upgraded full-year CY23 guidance, indicating improvement in demand despite elongated deal cycles. Also Read | India’s SaaS industry to reach $50 billion by 2030, to generate revenue of $20-25 million: ReportDemand for SaaS companies has either stabilised or incrementally improved. Most SaaS...