Try GOLD - Free
IT: Focus on commentary, not Q3
Mint Ahmedabad
|January 07, 2025
Low hopes
The December quarter (Q3FY25) is seasonally weak for the Indian IT sector due to furloughs and fewer working days. Thus, no fireworks are anticipated. So, Q3 results would offer little help in gauging demand momentum.
Even so, wide-held expectations are that year-on-year (y-o-y) revenue growth will start gradually improving from Q3 onwards, aided by lower project cancellations, the beginning of the US Federal Reserve's interest rate cut cycle, and the end of uncertainties surrounding the US election. However, sequential performance will be muted. "We expect aggregate revenue growth for our coverage to moderate slightly in Q3 to 0.7% quarter-on-quarter (q-o-q) constant currency (3.9% y-o-y constant currency), given the usual furloughs," said a 31 December Jefferies India report.
Tier-II companies would continue to outpace tier-I firms.
This story is from the January 07, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Mining reform plan meets resistance in states
Mines ministry plans to limit premiums to 50% of ore value, replacing system where bids can cross even 100%
2 mins
November 19, 2025
Mint Ahmedabad
AI content floods streamers, but monetization still a puzzle
AI-generated content is increasingly popping up on YouTube and OTT platforms—from short films and microdramas to explainers and reimagined epics—but a clear pathway to making money from it has still to emerge.
2 mins
November 19, 2025
Mint Ahmedabad
WHY CONSULTANCIES LOVE AND HATE AI
Clients want to know how much of the work they pay a fortune for has been done by bots
8 mins
November 19, 2025
Mint Ahmedabad
Xiaomi’s EV business registers a profit for the first time
Xiaomi Corp. reported quarterly profit from its electric vehicle (EV) business for the first time, a major milestone for the smartphone maker's ambitious foray into the crowded market.
1 min
November 19, 2025
Mint Ahmedabad
Amazon, Microsoft clouds to face tougher EU rules
Amazon and Microsoft's cloud services may face stricter European Union (EU) competition rules as Brussels probes their market power, the bloc's tech chief said on Tuesday.
1 mins
November 19, 2025
Mint Ahmedabad
SIFs: WHAT YOU MUST KNOW ABOUT THE HIGHER-RISK, HIGHER-REWARD TRADE-OFF
The concept of specialized investment funds (SIFs) was allowed by the Securities and Exchange Board of India (Sebi), in the space between mutual funds meant for the masses and portfolio management schemes and alternative investment funds (PMS/AIFs) meant for the classes.
3 mins
November 19, 2025
Mint Ahmedabad
GMR eyes ₹2,150 cr NCD to pare debt at Hyderabad airport
G MR Airports Ltd (GAL) plans to refinance foreign currency loans of Hyderabad airport by issuing rupee-denominated non-convertible debentures (NCDs) worth up to ₹2,150 crore as it continues to reduce borrowing costs, a top executive said.
1 mins
November 19, 2025
Mint Ahmedabad
Gold plunges on US Fed rate cut jitters
Gold prices plunged by ₹3,900 to ₹1,25,800 per 10 grams in the national capital on Tuesday, tracking a decline in global rates amid fading expectations of an interest rate cut by the US Federal Reserve next month.
1 min
November 19, 2025
Mint Ahmedabad
Cash transfers: Inflationary, welfarist or a fiscal blow?
What happens when a helicopter drops a large amount of cash on a local economy? Does the local GDP go up instantly? Of course not. Even a schoolkid's intuition tells you that the immediate result would be inflation. It is more money chasing the same amount of goods and services.
3 mins
November 19, 2025
Mint Ahmedabad
India's new data protection law: A compliance guide
Although we have known since 2023 that India's Digital Personal Data Protection Act of 2023 (DPDP Act) would come into effect sooner or later, most businesses put off taking action until the rules were notified. Last week, the ministry of electronics and information technology brought the DPDP Act into force, marking the beginning of a new chapter in India's digital governance history.
4 mins
November 19, 2025
Listen
Translate
Change font size