Indian IT Firms Expect Muted Fourth Quarter Results

Indian IT firms expect modest fourth quarter growth as a weak rupee offsets low demand. Investors remain cautious over AI impacts and global uncertainties.

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The information technology sector in India is preparing for a subdued fourth-quarter earnings report. Major software exporters are expected to see revenue and profit rise by approximately 10% year-on-year, a figure largely bolstered by a weakening rupee rather than significant underlying growth.

Figurines with computers and smartphones are seen in front of the Tata Consultancy Services logo in this illustration from February 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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