“But I think the next year should be good if the US economy continues to do well,” Balakrishnan said.
Another ex-CFO of Infosys, TV Mohandas Pai, said he has read many analysts’ reports in the US that indicate that “the work is coming to big system integrators because tasks have become complex”.
“I spoke to industry people and they say digital work for all big companies is growing in double digits. Rest of the traditional business is not growing much. Digital is growing very rapidly and for the big fellows digital is 20-25 per cent of business. So, I think there is good growth,” Pai said.
According to Balakrishnan, overall global IT spending is around $3.7 trillion every year.
“Of that, one-third is IT services; so there is still a lot of spending happening on the legacy side which goes into maintenance and building some core applications. That has not gone away.
“The incremental spending is happening in the digital area, and there, companies are building capabilities trying to play to ecosystem and go to the clients. Both are happening. I don’t think the legacy services are totally gone. A large part of it is still there,” Balakrishnan added.
“But I think the next year should be good if the US economy continues to do well,” Balakrishnan said.
Another ex-CFO of Infosys, TV Mohandas Pai, said he has read many analysts’ reports in the US that indicate that “the work is coming to big system integrators because tasks have become complex”.
“I spoke to industry people and they say digital work for all big companies is growing in double digits. Rest of the traditional business is not growing much. Digital is growing very rapidly and for the big fellows digital is 20-25 per cent of business. So, I think there is good growth,” Pai said.
According to Balakrishnan, overall global IT spending is around $3.7 trillion every year.
“Of that, one-third is IT services; so there is still a lot of spending happening on the legacy side which goes into maintenance and building some core applications. That has not gone away.
“The incremental spending is happening in the digital area, and there, companies are building capabilities trying to play to ecosystem and go to the clients. Both are happening. I don’t think the legacy services are totally gone. A large part of it is still there,” Balakrishnan added.