Despite Large Deals, Q2 Looks Sluggish at IT Cos | In the News

Indian IT firms are unlikely to show any improvement in performance in the second quarter of the ongoing financial year (FY24) despite a slew of big deals coming their way during the July-September period.

“The large wins are misleading; most of them are a result of vendor consolidation. Hence, a vendor may win in one case and lose in others. Often, no new scope is added, and they do not have a big positive impact on the industry. When this is combined with the reduction in discretionary spend, we can expect to see growth rates continue at the 4-5% level,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.

Read more in Bizz Buzz.

How can we engage?

Please let us know how we can help you on your journey.

Contact Us

"*" indicates required fields

Please review our Privacy Notice and check the box below to consent to the use of Personal Data that you provide.