IT Services - Navigating The Uneven, While Betting High On AI: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We remain positive on the broader theme of IT services outsourcing spends by global enterprises for modernizing or transforming their operations. Although enterprises have pushed savings-led transformation deals of late, versus limiting their spends to cost-focused earlier, the improvement in macro environment is likely to boost sentiment and help resume long-deferred discretionary programs by late FY25 or early FY26. This could lead to the execution of multi-year large transformation or legacy modernisation deals, thereby improving revenue conversion. Per Gartner, Indian IT services growth would continue to outpace the global market and other key geographies materially and is expected to report ~10% compound annual growth rate over CY23-28E. Having said that, we maintain caution on the near-term US election outcome, which might delay deal closure activities or execution of projects that have a higher onsite mix..Click on the attachment to read the full report:.Microfinance – A Protracted Credit Cycle On The Cards: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Services - Navigating The Uneven, While Betting High On AI: Prabhudas Lilladher

The brokerage initiates coverage on Cyient, Persistent and Mphasis with Accumulate and Hold rating.

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IT Services - Navigating The Uneven, While Betting High On AI: Prabhudas Lilladher

The brokerage initiates coverage on Cyient, Persistent and Mphasis with Accumulate and Hold rating.

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