IT service companies stare

 

IT service companies stare at second year of muted revenue growth at 5-7%: Crisil

The $250 billion information technology (IT) services sector is likely to see a second consecutive year of sluggish growth in fiscal year ending March 2025, with revenue seen rising 5-7%, according to Crisil Ratings report. The subdued outlook is attributed to continuing global macroeconomic headwinds lead to modest increase in technology spends in the key markets of the US and Europe.

The overall IT industry, which employs around 50 lakh direct employees, has been going through a slowdown over the past 4-5 quarters.

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