[ad_1]
India's leading information technology (IT) companies have revised their revenue forecasts despite facing challenges in the October-November period (third quarter) including seasonal difficulties, increased furloughs and weaker discretionary demand. exceeded.
Infosys and HCL Tech have narrowed guidance for full-year growth in FY24. Infosys expected growth of 1.5-2% and HCL Tech expected growth of 5-5.5%.
All four companies experienced stable trading, marked reductions in turnover, and continued pressure in the finance, communications and high-tech sectors. However, the manufacturing sector showed significant growth.
Additionally, management comments conveyed a more optimistic outlook. TCS expressed hope that FY25 will be higher than FY24, while Wipro said it expects new growth in discretionary spending.
[ad_2]
Source link
