IT Services Q1 Results Review And Outlook – Improved Near-Term Visibility: Axis 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..Axis Securities Report.After strong revenue growth momentum in FY22 and FY23, IT services are likely to face challenges in demand and margins due to the economic slowdown and macroeconomic uncertainties. Despite these challenges, the near term outlook remains positive with improving demand across geographies.Deal wins have remained resilient even during difficult times, reinforcing confidence that automation spending will rebound in the next couple of quarters. Demand in sectors such as retail and manufacturing remains robust and is expected to regain momentum soon. Demand for newer technology services like generative AI, machine learning, IoT, and cloud transformations remains stable and is anticipated to recover more swiftly as certain macroeconomic challenges ease.The company expects most IT services firms to regain momentum within the next couple of quarters as deal wins continue to be strong and supply-side constraints ease. A dovish stance by the Federal Reserve may further support macroeconomic conditions in North America, driving demand for automation spending..Click on the attachment to read the full report:.FMCG, Retail Q1 Review - Margins To Remain Range-Bound As Rising Costs Offset Price, Mix Gains: Systematix.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 Review And Outlook – Improved Near-Term Visibility: Axis Securities

Among tier-1 techs, the brokerage's top picks are Infosys and Tech Mahindra, while KPIT and Persistent are preferred within tier-2 companies.

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IT Services Q1 Results Review And Outlook – Improved Near-Term Visibility: Axis Securities

Among tier-1 techs, the brokerage's top picks are Infosys and Tech Mahindra, while KPIT and Persistent are preferred within tier-2 companies.

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