Indian IT services sector set to grow at 3-5% in FY25: ICRA
IT industry is projected to see a mild revenue increase of 2% in the first three quarters of FY24, with growth remaining modest at 3-5% in FY25.
IT industry is projected to see a mild revenue increase of 2% in the first three quarters of FY24, with growth remaining modest at 3-5% in FY25.
The BFSI environment is more competitive than ever, with challenges—and opportunities—posed by digitisation place talent center stage.
The leasing activity will be driven by technology, BFSI, engineering and manufacturing sectors.
Rajeev Jain has led the Pune-headquartered company’s digital transition and launched new lines of businesses, adding to its heft.
Far from the ups and downs of the earnings cycle, Anand Deshpande channeled energies of the billion-dollar firm into digital and services.
Nearly 87% of financial services consumers begin their journey online, with two-thirds finding online channels more helpful for purchase decisions
The biggest proxy for India's growth story is the banking and financial services and it comes as no surprise that the most conservative banker Uday Kotak of Kotak Mahindra Bank tops the list.
Consumer tech and IT/ITeS were the most-funded sectors last year, while investments in the BFSI space were down by 60%, says Bain & Company.
Tepid growth in revenue and a fall in operating profits indicate that conditions are getting difficult for the IT major despite a strong order book.
Despite a fall in margins in the first quarter, India’s IT bellwether reported record deal wins worth $5.7 billion; expects the robust deal pipeline to continue in the coming quarters.