Infosys and EPAM face headwinds from the global IT sector slowdown, compounded by Deutsche Bank lowering its price target on EPAM stock.
1 report, 1 independent
Updated Jul 10
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What happened
Infosys and EPAM face headwinds from the global IT sector slowdown, compounded by Deutsche Bank lowering its price target on EPAM stock.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The IT sector is currently facing economic headwinds due to global spending cuts.Also in this story
- Market analysts detail how factors like H-1B fee hikes, cautious IT spending predictions, and Nifty index pressure are affecting the global IT sector.
- Meta reduced IT services outsourcing to Wipro, impacting Wipro's revenue due to AI-led restructuring.
The entities involved
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Infosys
Indian multinational technology company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
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EPAM Systems
global provider of software engineering and IT consulting services
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Deutsche Bank
German global banking and financial services company