For IT firms, it's a mixed blessing
Financial Express Ahmedabad|December 24, 2024
DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects," said an industry analyst.

"The rupee depreciation will act as a margin tailwind, though the exact impact depends on factors such as hedging policies and off-shoring levels," an analyst from a domestic brokerage said.

While the rupee's decline is a boon for revenues and profits, the net benefit varies across companies due to differences in hedging strategies, offshore revenue exposure, and margin profiles.

Diese Geschichte stammt aus der December 24, 2024-Ausgabe von Financial Express Ahmedabad.

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Diese Geschichte stammt aus der December 24, 2024-Ausgabe von Financial Express Ahmedabad.

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