IT industry likely to register strong numbers in September quarter

Falling rupee, revival in spending by BFSI and retail segments set to boost revenue

As the second quarter (quarter ending September 30) results of FY19 kick-starts next week, Indian information technology majors are expected to show strong growth in numbers. This could be backed by uptick in spending in sectors such as banking, financial services and insurance (BFSI), retail, and telecom, which were going through turbulence in the past few quarters.

Analysts and experts tracking the sector believe that Indian IT firms are expected to witness one of the strongest quarters in recent times in the Q2 of FY19. Additionally, the strong growth posted by global rivals in Q4 ended August 31 has also