‘Digitisation push to see IT firms log 9-12% dollar revenue growth’
The Hindu
ICRA forecasts industry growth to moderate marginally to 6-9% in FY23
IT services companies are expected to log dollar revenue growth of 9-12% in FY22, driven by accelerated demand for digital technologies from enterprises globally and partly on account of last year’s low base due to the COVID-19 impact, ratings agency ICRA said.
Industry growth is expected to moderate marginally to 6-9% in FY23, partly also on account of the base effect, ICRA said on Tuesday.
“In line with the growth trajectory witnessed over recent quarters, Indian IT services companies are expected to report healthy growth over the near term due to aforementioned favourable factors,” ICRA Assistant Vice-President and Sector Head Deepak Jotwani said.
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