![IT companies' revenue growth to drop 7-9% in FY24](https://images.assettype.com/fortuneindia%2F2022-04%2Fac9120a3-0113-4383-9b7f-2fdc8fd34644%2FOffice.jpg?rect=0,0,2047,1024&w=300&q=95)
IT companies' revenue growth to drop 7-9% in FY24
Operating profitability will improve to around 23% in fiscal 2024 as IT service firms cut back on new hiring and rein in employee costs, says CRISIL.
Operating profitability will improve to around 23% in fiscal 2024 as IT service firms cut back on new hiring and rein in employee costs, says CRISIL.
Operating margin of private hospitals will continue to remain healthy at 16-17% until fiscal 2024, says CRISIL.
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
A report by CRISIL Research shows that corporate revenue growth is expected to be 400-500 basis points lower than the first two quarters.