The Indian IT services industry has faced a tough financial year in FY24 with hope for a better fiscal year starting April 1. Tepid revenue growth rate, pressure on margin, low hiring, fall in headcount, disruption coming from generative AI, leadership changes at the top level, and sound deal pipeline characterized the ongoing financial year.
“Large deal pipelines are full, however, predicting the timing of their closing is becoming increasingly difficult,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.
