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3 variables ‘damaging’ IT firms’ revenue
The top IT pack is apparently getting a patch of deceleration or slow increase, going by the September quarter results season up to now. TCS followed suit by declaring lower-than-anticipated increase. And on Monday, HCL Tech also, reported depressing consecutive increase in dollar-denominated revenue as well as a fall in net profit.
This seeming disparity can be explained by three variables. While great total grip is being witnessed by Indian IT exporters, there might make sure customer-specific problems which could drag operation down in a particular quarter. For example, TCS has been seeing slow increase in its UK subsidiary company Diligenta after additionally slower ramping up in its Japanese endeavor and the conclusion of a large job two quarters past.
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