Demand slowdown to weigh on IT services firms Q1 show – Live Mint

The Indian tech sector, including IT services, was projected to touch Rs245 billion in revenue in FY23, as per Nasscom s Strategic Review 2023. In his investor note, Ankur Rudra, head of APAC telecoms and India TMT research at JP Morgan, said project delays and cancellations are likely to persist in the June and September quarters, thus leading to a weak phase ahead.