Zoho founder Sridhar Vembu on why he sees huge opportunity for Indian IT companies, as 'Software stocks are coming down hard'
Zoho founder Sridhar Vembu believes falling software stock valuations present a significant opportunity for Indian IT services firms. He argues that many mature software companies were "massively over-valued" and unsustainable P/E ratios are correcting. Vembu suggests AI will accelerate competition, potentially leading to lower enterprise software costs and enabling Indian IT firms to offer cost-saving replacements for expensive platforms.
Zoho founder Sridhar Vembu believes falling software stock valuations present a significant opportunity for Indian IT services firms. He argues that many mature software companies were "massively over-valued" and unsustainable P/E ratios are correcting. Vembu suggests AI will accelerate competition, potentially leading to lower enterprise software costs and enabling Indian IT firms to offer cost-saving replacements for expensive platforms.
