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IT Margins May dip in Q3 FY25, favorable currency could offset: SBI securities
The Business Guardian
|December 06, 2024
Margins for some Indian IT companies are likely to decline in the third quarter of FY25 due to seasonal and structural factors, according to a report by SBI Securities.
The report also highlighted that the third quarter is typically weak for IT companies because of fewer working days and furloughs, which impact operations. Additionally, wage hikes are expected to further weigh on the margins of select companies.
It said "3QFY25 is expected to be seasonally weak due to lower numbers of working days and furloughs. The margin for few companies may see sequential drop owing to wage hike impact".
Despite the anticipated challenges, IT companies remain cautious about growth prospects. Key concerns include policy uncertainties under the new U.S. government, client-specific issues, and geopolitical tensions. Even with the beginning of interest rate reversals in key global markets, these headwinds continue to impact the sector.
Denne historien er fra December 06, 2024-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
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