 "IT firms")
Alarm bells are already ringing for the IT sector. Earlier a fear of recession was impacting the sentiment and now questions are being raised if the crisis in Credit Suisse and Deutsche Bank is another Lehman Brothers situation. Hence, management commentaries on demand in the second half of FY23 will be closely looked into.
“Whether it’s a Lehman Brothers moment or not, only time will tell. But, in general, Europe BFSI will be a challenging space for IT companies amid a recession in the EU and currency weakness,” said an analyst.
For Q2FY23, revenue growth is expected to be resilient
