IT Sector Growth: Indian Software Sector Revenues to Remain Modest in Q1: Here’s Why

Ettech

summary

Infosys and LTIMindtree are expected to lead the modest growth in the Indian software services provider average in Q1 FY25. However, previous top performers Tata Consultancy Services (TCS) and HCLTech could see pressure on profits and margins as they work to reignite growth.

5 minutes of readingLast updated:
Jul 3, 2024, 07:03:10 AM IST

India’s largest software services providers are expected to report modest growth in the first quarter, with Infosys and LTIMindtree leading the pack in a minor shake-up in the performance leaderboard. Analyst reports reviewed by ET have indicated that growth could range from 0.8% to 2.4% quarter-on-quarter (QoQ), with previous leaders Tata Consultancy Services (TCS) and HCLTech expected to report a cautious quarter. Analysts not expecting

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