IT Services Q1 Results Preview - Decent Start To The Year Of Recovery- FY25: ICICI Securities

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. .ICICI Securities Report.We expect IT companies to display modest but better-than-Q4 QoQ constant currency revenue growth in Q1 FY25, as pockets of green shoots appear in artificial intelligence, consulting, engineering research and development, healthcare and BFSI. Clients are focussing on critical projects that have potential for prompt return on investment. AI-related spend is coming at the expense of IT budget thinning in other areas. We introduce our FY27 estimates and envisage FY25 to be more palatable than FY24. Further, there are indications that FY26 pointing to a likely upturn in growth, which include:convalescing enterprise discretionary spending; AI’s meatier representation in revenues; andER&D's continued momentum. Following a notable talent pool diminution in FY24, we see most companies adding net headcount (QoQ) ahead. The margin picture for Q1 is yet unexciting, at average 19 bps QoQ expansion. Total contract value shall be flat QoQ. .Click on the attachment to read the full report:.NBFCs Q1 Results Preview - To Be Slower In Growth; Pressure On NIM Sustains: Nirmal Bang.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 Q1 Results Preview - Decent Start To The Year Of Recovery- FY25: ICICI Securities

We expect Persistent Systems to not only lead the pack, but also be head and shoulders above the rest with 5% organic growth

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IT Services Q1 Results Preview - Decent Start To The Year Of Recovery- FY25: ICICI Securities

We expect Persistent Systems to not only lead the pack, but also be head and shoulders above the rest with 5% organic growth

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