The average q-o-q revenue growth of IT services firms was -4.9% during the first quarter of the current fiscal. In comparison, IT engineering services companies logged 4.6% revenue growth during the same period.
Pure play IT engineering services firms like LTTS and KPIT reported 89% higher revenues in Q1FY24 versus the previous quarter. Not one among the top five listed IT engineering services firms saw a negative sequential revenue growth in Q1.
In contrast, IT services companies logged either a marginal growth or decline in their revenues. TCS reported a revenue of $7.22 billion in Q1FY24, a growth of 0.43% sequentially from $7.19 billion in Q4FY23.
هذه القصة مأخوذة من طبعة September 26, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 26, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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