Zoho founder on why he sees huge opportunity for Indian IT companies
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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.
