FY24 IT Revenue Growth to Decrease, Muted Q4 FY23 Expected: Brokerages

  • According to Credit rating firm CRISIL, IT revenue growth is expected to decrease by 700-900 basis points (bps) to 10-12% in fiscal 2024.
  • This is compared to 18-20% estimated growth in fiscal 2023.
  • Brokerages expect muted Q4 FY23.
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