IT services firms likely to see modest growth in Q2 FY25

IT services companies are expected to have shown reasonable growth in the June-September quarter, although it remains significantly below the sector’s normal growth rates, according to market analysts.

A recovery in the financial services sector and the ramp-up of cost-takeout deals won in earlier quarters are expected to drive moderate growth. And, in the coming quarters, the reduction in the interest rates by global central banks is seen to contribute positively, they said.