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Aspiration is seeing a resurgence in Indian consumers: Delhivery COO Ajith Pai

While expectations are low from leading Indian IT companies with regard to the fourth quarter performance, the focus will be on their guidance for FY25.




The earnings season is all set to begin for the Indian Information Technology (IT) industry starting with Tata Consultancy Services (TCS), the country’s largest IT services exporter, announcing its March quarter (Q4 of FY24) results on Friday. But expectations remain modest for the sector, according to brokerage houses.


The $245 billion Indian IT industry continues to face the challenge of an uncertain macroeconomic environment, especially in its key markets of North America and Europe. This has led to slowness in demand, and companies are now largely growing in single digits. Given that the fourth quarter results mark the closure of the financial year, the focus of IT companies will be largely on their projections for the next fiscal.


Given that the fourth quarter results mark the closure of the financial year, the focus of IT companies will be largely on their projections for the next fiscal.







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