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    Vikshita Vitthal Gujaran in News

    19-Apr-2023 04:55 PM


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    Q4FY23 just a sneak peak, banks crisis in US, Europe may impact Indian IT firms' first quarter of FY24

    Indian tech firms have been trading extremely volatile this week sparkled after TCS and Infosys posted lower-than-expected Q4 earnings.
    In regards to IT companies' margins in FY24, Kotak's note said, "we modelled a margin increase for most Tier 1 in FY2024, noting the easing supply side and levers such as utilization and pyramid that could be flexed.
    However, we overestimated the flex in FY2024.
    HCLT and LTIM can benefit in select cases.
    Similar cost take-out opportunities, but among smaller enterprises may be addressable by a larger pool of companies.

    Source - MINT