infosys: IT industry’s competitive intensity to be at highest levels in FY25: HCLTech CEO C Vijayakumar

In August 2023, when all the major IT services firms were gripped by slow discretionary spends, C Vijayakumar, CEO and MD, HCLTech, in an investor meet, called out that the company will see incremental growth going forward as the market has bottomed out. This sight of green shoots amid a hazy macro environment came to fruition when the third largest IT service firm reported a healthy 8.3% yearly growth.The third largest software services firm,