Indian IT companies forecast weak Q4 2024 financial results due to weak discretionary spending and uncertain macroeconomic factors.

Indian IT companies TCS, Infosys, Wipro and others are expected to report weak financial results for Q4 2024 amid ongoing headwinds. Subpar growth is predicted due to weak discretionary spending, client cautiousness, and uncertain macroeconomic factors. Despite this, margins are anticipated to remain steady, as companies optimize costs and tighten discretionary spending. IT companies are expected to report a muted quarter with mid-caps outperforming with sequential growth of 1-5%.

April 01, 2024
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