Indian software sector earnings will remain modest in Q1: here’s why
Synopsis
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
India’s top software service providers are set to report a modest uptick in average growth in the first quarter, with Infosys and LTIMindtree leading the pack in a minor reshuffle of the performance leader-board.Analyst reports reviewed by ET showed growth might range from 0.8% to 2.4% quarter on quarter (QoQ), with erstwhile outperformers Tata Consultancy Services (TCS) and HCLTech expected to report a circumspect quarter.Analysts expect no
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