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In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next 2-3 financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent Y-o-Y.
Margins seem to have stabilised. There are medium to long-term opportunities in digital transformation (DT), especially in Cloud, cybersecurity and GenAI. Positive sentiment from possible Fed cuts could accelerate demand.
While revenue growth for the companies represented in Nifty IT Index could be at an annual rate
