The December quarter (Q3FY25) is seasonally weak for the Indian IT sector due to furloughs and fewer working days. Thus, no fireworks are anticipated. So, Q3 results would offer little help in gauging demand momentum.
Even so, wide-held expectations are that year-on-year (y-o-y) revenue growth will start gradually improving from Q3 onwards, aided by lower project cancellations, the beginning of the US Federal Reserve's interest rate cut cycle, and the end of uncertainties surrounding the US election.
However, sequential performance will be muted. "We expect aggregate revenue growth for our coverage to moderate slightly in Q3 to 0.7% quarter-on-quarter (q-o-q) constant currency (3.9% y-o-y constant currency), given the usual furloughs," said a 31 December Jefferies India report.
Tier-II companies would continue to outpace tier-I firms.
Diese Geschichte stammt aus der January 07, 2025-Ausgabe von Mint Bangalore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 07, 2025-Ausgabe von Mint Bangalore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The Abu Dhabi fund helping bankroll Trump's $100 billion AI plan
MGX has backed OpenAI, while also teaming up with BlackRock and Microsoft on a $30 billion plan
RBI Likely to Transfer Another Bumper Payout
The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.
Stand by DEI: It's a social and business imperative
In Greek, 'dei' means 'must'. As America swings with Trump's politics to roll back diversity, equity and inclusion initiatives, India Inc should step up to articulate why DEI is a must
HDFC Bank walks loan tightrope
DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.
JSW Defence, Telangana Ink MoU
JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.
Jashvik to pick up Smart Vision stake
Private equity (PE) firm Jashvik Capital Advisory LLP is acquiring a majority stake in Hyderabad-based eye care hospital chain Smart Vision Eye Specialities Pvt Ltd, said a person close to the deal.
Chhattisgarh gets ₹6k cr proposals
Chhattisgarh has secured investment proposals worth ₹6,000 crore from leading companies in sectors such as plastics, textiles, information technology, and food processing, the state government revealed during the Investor Connect event that it organized with the Confederation of Indian Industry (CII) in Mumbai.
US bond yields leave emerging markets in the cold
Moody's estimates the developing world needs $1.3 trillion by 2030 to combat global warming
BUDGET 2025: DRIVING INDIA'S GROWTH IMPERATIVE
FY25 growth forecasts put out this month have raised warning signs for the economy
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
