Home News/Articles Slow turnover for Indian IT companies: Kotak

Slow turnover for Indian IT companies: Kotak

FY20 growth would drop as compared to FY19 growth even of the size of digital deal increases.

The quarter phase of January-March is when clients decide its plans for the year.

The IT companies also claim that downturns have happened before even and no pull out will be that severe.

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Intermediary Kotak Institutional Equities said it inspected found that the Indian IT companies rate of budgeting has slowed down.

It also said that FY20 growth would drop as compared to FY19 growth even of the size of digital deal increases.

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An analyst with Kotak, Kawaljeet Saluja remarked the FY2020 growth would be a function of two factors —

(1) external headwinds are emanating from a downturn in the US. The check over client budgeting also sees a rate of slowdown. An urgent priority is cost takeouts.

(2) The tailwind from increasing digital deal
sizes and accelerated deal momentum courtesy clarity on simplification of the core.

The quarter phase of January-March is when clients decide its plans for the year.

The IT companies also claim that downturns have happened before even and no pull out will be that severe.