Zacks Industry Outlook for ServiceNow, EPAM Systems, and DXC Technology

Chicago: The IT services industry is feeling the heat from tough economic conditions that are stretching out sales cycles. Companies like ServiceNow, EPAM Systems, and DXC Technology are still finding ways to thrive thanks to the ongoing push for digital solutions worldwide.

There’s a big demand for cloud services, cybersecurity, and AI, which is helping these companies grow. With more businesses looking for advanced IT solutions for remote work and digital healthcare, the future looks bright for these players.

The industry is all about adapting to new tech like cloud computing and automation. As more companies shift to hybrid work models, the need for flexible IT solutions is on the rise.

Gartner predicts that IT spending will jump by 9.3% in 2025, which is great news for these companies. They’re also ranked well in the market, showing strong potential for growth.

However, the industry has lagged behind the S&P 500 and broader tech sector over the past year. Despite this, DXC Technology, EPAM Systems, and ServiceNow are still seen as solid investments, each with unique strengths and growth strategies.

DXC is focusing on digital partnerships, EPAM is investing heavily in AI, and ServiceNow is seeing a surge in customers. All in all, while challenges exist, the outlook for these companies remains positive.