IT's Strong Q1 Won't Shine This Time

For Indian information technology, the June quarter began on a dull note.

- Harsha Jethmalani

At the onset, serious concerns emerged around the trade tariff-led impact on the US economy—a crucial market for the Indian IT sector. However, as the quarter progressed, the intensity of tariff uncertainties reduced. Still, the latest commentary from the Accenture management and various brokerages indicates that the demand scenario has not improved or worsened. While comforting for edgy IT investors, expectations about the upcoming results of an otherwise strong Q1 quarter are low.