INSUBCONTINENT EXCLUSIVE:
the large IT services companies have seen faster growth in the UK and Europe than from their traditional US market in the past four-five
quarters.
Companies expect business to be as usual, and some regions in Europe and the UK are still picking up outsourcing of technology
services, said Kuldeep Koul, lead analyst at ICICI Securities.
The UK government last Thursday clinched a last-minute deal with the European
But the Boris Johnson-led British government has to get Parliament approval for the same, for which it has reportedly sought an extension
till October 31.
Large tech services firms are keenly watching the situation, but companies such as WNS seem confident about their deal
pipeline and automation-focused projects in the region
The report also pointed out that, "WNS must continue to push on its automation drive but remains a business in good shape with strong
of Nasscom said that "the uncertainty and how it prolonging is what would be worrisome".
As per Gupta, business is now continuing for IT
firms, but faster decisions would help the sector focus
For example, she said, some banks, which are clients of IT firms, may have to shift headquarters from the UK to Europe or vice versa,
