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Capgemini Q4 Results Keep Indian IT Outlook Optimistic For CLSA — Here's Why
Improved discretionary spending is a positive sign for major local players like TCS, Infosys, HCLTech, Wipro, and Tech Mahindra, CLSA said.
19 Feb 2025, 12:12 PM IST 
An emerging use case is mainframe modernisation powered by GenAI, which presents a significant opportunity for Indian IT firms, CLSA said. (Image source: Canva AI)
French IT major Capgemini SE's December quarter revenue growth in the BFSI segment and recovery in the US market bodes well for the outlook on Indian information technology companies, according to CLSA.The BFSI sector, which represents 21% of calendar year 2024 revenues for Capgemini, returned to year-over-year growth in the fourth quarter, with a 2% increase in constant currency terms. This growth was driven by improved discretionar...
