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Indian IT gears up for...

BENGALURU: Accenture's modest guidance of 2-5%...

Indian IT gears up for muted Q2 earnings

BENGALURU: Accenture's modest guidance of 2-5% for the 2024 fiscal reflects continued weakness in discretionary spending that weighs on the earnings season for Indian IT companies which begins next week.Despite the marginal impact from forex fluctuations, the downbeat forecast for the September quarter would barely lift the spirits of Indian IT which, traditionally, is a strong wicket to bat on. The dominant theme in the Indian IT sector hinges on cost-takeout projects to fund enterprises' transformation programmes. "In Q2 FY24 (September quarter), the IT sector is expected to...

Karl Jörg - October 4, 2023

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Indian IT gears...

BENGALURU: Accenture's modest guidance of 2-5% for the 2024 fiscal reflects continued weakness in discretionary spending that weighs on the earnings season for...

Karl Jörg - October 4, 2023

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