Key Points
Sandeep Kalra, CEO, Persistent Systems, says there are newer technologies like AI and generative AI, where while people are shrinking their budgets, they are still trying to squeeze more from business as usual, and put towards more revenue enhancement based on the newer technologies..
So, while we do not expect client budgets to go much higher from where they are, we expect the weakness to continue for another couple of quarters and then green shoots to emerge in different sectors...
Sandeep Kalra: Please keep in mind that in any kind of an economic situation, a weak macro or a bad macro, there are companies that will outperform their peers..
So, there are enough and more metrics that point to a very healthy growth, both in revenues and if you look at our deal wins, deal wins at $521 million in total contract value, this is the highest we have seen in our company so far...
Now, in terms of industry verticals, we have said it over the past several quarters, healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI..
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