IT Sector | Pixr8 News

China’s software and IT sector are reportedly witnessing faster growth in terms of both revenue and profit in the first eight months of the year. According to the Ministry of Industry and Information Technology (MIIT), the total revenue of the sector was around $574.19 billion (3.95 trillion yuan) in January-August, increased from 14.8 percent from the last year, quickening from 13.8 percent in the same period a year ago. Combined profits in the sector marked 492.4 billion yuan, up 13.7 percent year-on-year. These picked up the pace from 12.1 percent a year ago and 13.5 percent in the first seven months. Along with this, the MIIT data also showed faster export growth and increases in both, the number of employees and the average salary level as well. China's software and IT sector wi...

With the US economy doing well, Indian IT companies can look forward to a better year in 2018 on the back of growing tech spend and demand from clients, according to senior industry figures. Noting that the largest market for Indian IT companies is the US, former CFO of Infosys V Balakrishnan said their ability to grab growth opportunities is critical. "The US economy is doing extremely well. I think they are still growing 2-2.5 per cent, good growth for that economy," he told PTI. "If you look at the Gartner report, they talked about overall IT spend going up by 4-4.5 per cent this year. I think there is growth. The ability of the company to take on growth is critical. I think growth opportunities are there," added Balakrishnan. He said if the world's largest economy is doing well...

Tag: IT Sector

China’s Software and IT Sector Witnesses Faster Growth

2018 Will Be A Better Year For Indian IT: Report