NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Deven Choksey Research Report
Over the past few quarters, Indian IT companies have been grappling with weak discretionary spending, delayed client budgets, and persistent macroeconomic challenges. However, the Q1 FY25, earnings backed with management commentary, indicated initial signs of recovery, especially in the BFSI vertical.
Major U.S. banks have ramped up their tech spending over the past few quarters. With the Federal Reserve announcing a rate cut, there is a possibility that lower borrowing costs could encourage companies to increase their technology spending further.
The full impact of these increased tech investments will likely become more apparent from Q3 FY25E onwards, as companies solidify their budgets for CY25E, offering a promising outlook for further growth in technology spending.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
