ICRA expects Indian IT services industry to deliver muted 4-6% revenue growth in FY25
The Indian IT services industry is likely to register a second consecutive year of muted revenue growth, estimated at 4-6% in FY2025, but the operating profit margin is expected to be healthy, according to ICRA. The persisting challenges and tepid topline growth notwithstanding, ICRA has forecast the industry’s operating profit margin (OPM) at a healthy…
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