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IT companies save over 70% in travel costs in Sept quarter

Oct 17, 2020 - The Economic Times

Chennai: Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also benefited the margins of the top tier IT giants is the reduction of travel expenses of more than 70% year-on-year.Travel costs at TCS, Wipro and Infosys - companies which declared their results by Friday -reduced by 65%, 72% and 75% year-on-year respectively in the quarter ended September. The development comes as companies switched to online...