IT Services Q2 Result Preview – Slowly Shaping Up; Recovery Expected: 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.The IT Services sector is anticipated to exhibit moderated growth in Q2 FY25, primarily due to weaker discretionary spending, driven by uncertainties in macroeconomic conditions and upcoming elections in the U.S. However, non-discretionary spending is expected to see some improvement. Many large enterprises are likely to prioritize cost optimizations, resulting in an increase in cost take-out deals, vendor consolidation, and reduced discretionary spending. We are also expecting new deals to ramp-up indicating pick up in demand..Industries such as banking, financial services, manufacturing, telecom, retail, and hi-tech are expected to show some recovery, with new deal ramp-ups contributing to a growth momentum. It is believed that the sluggish growth trend is bottoming out with no further decline in demand anticipated. This is paving the way for a strong recovery in the near term. H2 FY25 is likely to witness better engagement and higher growth momentum compared to H1 FY25..Click on the attachment to read the full report:.Oil And Gas Q2 Earnings Preview - To Be A Mixed Quarter: Dolat Capital.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 Q2 Result Preview – Slowly Shaping Up; Recovery Expected: Axis Securities

Margins are likely to witness some expansions on account of easing supply-side constraints and lower onsite expenses, says brokerages.

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IT Services Q2 Result Preview – Slowly Shaping Up; Recovery Expected: Axis Securities

Margins are likely to witness some expansions on account of easing supply-side constraints and lower onsite expenses, says brokerages.

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