Work from home and company’s profitability – IT sector
In the new normal, all service industries have learned to work from home efficiently. According to some newspaper, few companies are also offering their employees to opt for work from home permanently. This can be a very welcome change in the shift in the thought process of India Inc. On the other hand, it’s very much significant to understand the financial impact of “Work from Home” shift on the companies. Most of the service departments of every company are fully working from home from the beginning of the financial year i.e. from 1 st April 2020. Now we have already completed the 1 st financial quarter and companies have started declaring their figures for the June 2020 quarter. In India, techno savvy staff and proactive preparations helped IT sector for shifting to the work from home culture very efficiently. Now let’s understand whether this shift was fruitful for the IT sector or they were also marred badly due to lockdown situation. “NIFTY 50 – top 50 companies on the N...