Slowdown in hyper-scalers could impact the revenue of the IT companies’

The revenue of the IT service providers may be impacted by up to 33 per cent due to a fall in the growth rate of three platforms, Amazon Web Services, Microsoft Azure and Google Cloud. In the first half of 2022, the three platforms have reported a 7 per cent fall in incremental revenues, according to a report by Economic Times (ET).

The Chinese cloud service providers have already reported a slowdown in growth. Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions. Most of it is linked to the three platforms.