Indian IT firms are likely to post subdued revenue growth numbers with a fall in overall headcount in the third quarter ended December 2023, with more negative news becoming the order of the day.
“It is likely that we will see the overall technology services market de-grow or see contraction. There will be a number of large deals announced, but these will be heavily discounted as there continues to be a growing gap between book to bill or bookings and revenue,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.
