4 Business Software Services Stocks in Focus Amid Industry Challenges
Cognizant(CTSH) ZACKS·2024-07-16 14:42
The near-term prospects of the Zacks Business-Software Services industry participants are likely to be hurt as organizations push back their investments in big and expensive technology products amid the current macroeconomic challenges and geopolitical tensions. Still-high interest rates and protracted inflationary conditions are major headwinds. These, along with elevated operating expenses related to hiring new employees and sales and marketing strategies to capture more market share, are expected to stra ...