Chunk of revenues still comes from IT’s legacy products: Experts

Mumbai: Legacy technology-based services and products will continue to constitute a meaningful part of revenue for IT service providers even as the share of digital business is growing at a faster pace – this was the general view at an ET roundtable organised at the Nasccom summit on Friday.

CP Gurnani of Tech MahindraNSE -0.42 %, Keshav Murugesh of WNS Global Services and Cyient BVR’s Mohan Reddy discussed how their companies, and the industry in general, were handling legacy businesses when the focus is increasingly turning towards emerging technologies in areas like cloud, blockchain, machine learning, artificial intelligence, cyber security, quantum computing and IoT.

“The old has not extinguished as fast as people have always thought. Mainframe still exists,” Tech Mahindra managing director Gurnani said.