Last year furloughs were extended because discretionary spends were weak, leading to a soft demand scenario. However, IT firms are saying that this year the span is going to be normal. Further, rupee depreciation will act as a tailwind to margins between 30-50 bps," an analyst from a domestic broking firm said.
This story is from the December 14, 2024 edition of Financial Express Hyderabad.
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This story is from the December 14, 2024 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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