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IT business may be hit as MNCs log out of Russia

April 8, 2022

Recently, consultancy HFS Research revised its growth forecast for global IT services spending in calendar year 2022 to 7%, down from the 10% it had predicted at the end of last year. “The combination of geopolitics, inflation and staff attrition is slowing down some of the momentum in total contract value,” Phil Fersht, founder and chief executive officer of HFS Research, told ET.

 

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