SHORTER FURLOUGHS THAN last year, when they were extended due to soft demand scenario, coupled with depreciating rupee, are expected to protect the margins of IT firms during the October-December period, which is otherwise seen as a weaker quarter.
"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.
Bu hikaye Financial Express Delhi dergisinin December 14, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Delhi dergisinin December 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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