New Delhi, May 4 -- A global technology giant's ambitious drive to dominate as an artificial intelligence powerhouse has come to bite Indian information technology outsourcers that rank the company as a priority client.
Sonata Software Ltd, which entered Indian IT's $1 billion revenue club last year, recently said it was likely to record lower-than-expected revenue from its "largest client" for the January-March period, its final quarter of 2024-25.
"... we would like to inform you that the revenue estimates for Q4 2024-25 from our largest client are likely to be lower than anticipated, resulting in lower revenue from our international business for the said quarter than previously envisioned during the previous analyst/investor call hel...
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