IT Services Q2 Results Preview - Gradual Recovery On Path: IDBI Capital

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..IDBI Capital Report.Despite some recovery in cost take out projects along with some traction in banking, financial services and insurance, healthcare and manufacturing, delayed ramp up of large deals likely to push the growth story to H2 FY25 and Q2 is likely to be driven by financial sector. Absence of wage hike, better operational efficiencies and large/cost optimization deals likely to give an additional comfort to the margin. Gen AI deals are getting higher traction along with transformational ones and becoming the integral part of the IT deals. We firmly believe that Gen AI has a multi-year tailwind. Though, the Indian IT companies are not providing at bifurcations on Gen AI deal wins but continued focus/participation will lead to solid traction in the near future. Hence, we expect modest $ revenue growth in range of 0.5%-3.5% in large cap and 2%-4.8% in Midcap. And in terms of margin, we anticipate better improvement in midcap over large cap..Click on the attachment to read the full report:.IT Services Q2 Results Preview - To Stay Soft Despite Seasonality: 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 Q2 Results Preview - Gradual Recovery On Path: IDBI Capital

Infosys, LTIMindtree remains brokerages' top pick in large cap and Coforge, Cyient in midcap.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

IT Services Q2 Results Preview - Gradual Recovery On Path: IDBI Capital

Infosys, LTIMindtree remains brokerages' top pick in large cap and Coforge, Cyient in midcap.

Choose a plan

Follow Us

DOWNLOAD THE APP