Risks rise for IT sector amid weak macros, warns Kotak Institutional Equities1 min read . Updated: 14 Jun 2022, 11:15 AM IST
- Profit warning from clients of IT companies and increasing external risks make the assumption of 6-8% global IT spending growth unreasonable, Kotak Institutional Equities said
Despite a strong demand outlook by IT services providers, the worsening global macroeconomic scenario raises concern of a recession. For IT sector, this could translate into lower client spending, weighing on their demand pipeline beyond FY23.
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