Muted Q1 awaits IT on sluggish spends and deal momentum

, By The Economic Times
Muted Q1 awaits IT on sluggish spends and deal momentum
IT

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India’s $280 billion IT services industry is expected to post muted first-quarter performance, weighed by continued caution in technology spending by corporations that is leading to slow decision-making and sluggish deal momentum, according to analysts.

Among the top six, industry leader Tata Consultancy Services, HCLTech, Wipro and Tech Mahindra are projected to post low single-digit to flat revenue growth sequentially in the April-June quarter, and even a decline year-on-year in constant currency.

The second and sixth biggest by revenue — Infosys…



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Muted Q1 awaits IT on sluggish spends and deal momentum

, Published By The Economic Times
Muted Q1 awaits IT on sluggish spends and deal momentum
IT


India’s $280 billion IT services industry is expected to post muted first-quarter performance, weighed by continued caution in technology spending by corporations that is leading to slow decision-making and sluggish deal momentum, according to analysts.

Among the top six, industry leader Tata Consultancy Services, HCLTech, Wipro and Tech Mahindra are projected to post low single-digit to flat revenue growth sequentially in the April-June quarter, and even a decline year-on-year in constant currency.

The second and sixth biggest by revenue — Infosys…



Source link

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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Previous News
Delhivery survived the Meesho curveball. Can it keep on delivering profits?
Next News
IPO-bound Pine Labs to appoint Avendus’ Sameer Kamath as new CFO
The Economic Times

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