Synopsis
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
India’s top software service providers are set to report a modest uptick in average growth in the first quarter, with Infosys and LTIMindtree leading the pack in a minor reshuffle of the performance leader-board.Analyst reports reviewed by ET showed growth might range from 0.8% to 2.4% quarter on quarter (QoQ), with erstwhile outperformers Tata Consultancy Services (TCS) and HCLTech expected to report a circumspect quarter.Analysts expect no
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wipro: Green shoots notwithstanding, IT Q1 numbers to remain modest
Synopsis
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
India’s top software service providers are set to report a modest uptick in average growth in the first quarter, with Infosys and LTIMindtree leading the pack in a minor reshuffle of the performance leader-board.Analyst reports reviewed by ET showed growth might range from 0.8% to 2.4% quarter on quarter (QoQ), with erstwhile outperformers Tata Consultancy Services (TCS) and HCLTech expected to report a circumspect quarter.Analysts expect no
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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