IT
Indian IT faces flat Q2 amid sluggish global tech spending
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India’s $283-billion IT outsourcing industry is expected to report a “status quo” July-September quarter, with little sign of a near-term turnaround amid restrained global technology spending, industry analysts said ahead of company results.
While the weakening rupee could cushion margins after a soft first quarter, at least three analyst reports warned that discretionary IT spending may remain muted as talk of potential US tariffs, along with uncertainty around inflation and policy shifts, continue to weigh on corporate budgets.
Indian IT companies…
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