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Indian IT Sector Braces For Weakest Quarter In 8 Years: Report
Traditionally, September quarter is one of the better quarters Slowdown in BFSI and healthcare segment to hurt IT firms earnings Delay in project ramp-ups is also seen to hurt revenues
10 Oct 2016, 07:42 PM IST 
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TCS and Infosys are set to announce their quarterly earnings later this week
Domestic IT sector is likely to see its weakest September quarter in the past 8 years due to broad based slowdown in BFSI and healthcare as well as delays in projects across many clients, says a report.
According to Kotak Institutional Equities, the largest IT players are expected to see revenue growth rate at 0.5-3 per cent during July-September quarter of 2016-17 compared to preceding quarter.
"Second quarter for the current fisc...
