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The IT Services sector is expected to report moderate growth in March-quarter.
Indian IT services sector is expected to see only moderate growth in the March quarter.
KEY POINTS
- Clients in the US and Europe have reduced IT budgets, impacting Indian IT companies' revenues.
- Large enterprises are focusing on cost optimisation, leading to more cost take-out deals and vendor consolidation.
- Bharti Airtel and Reliance Jio are gaining market share due to 5G rollout and tariff hikes.
COMPANIES
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