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- Analysts see Q1 to be a washout for IT sector
Analysts see Q1 to be a washout for IT sector
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UPDATED: Dec 17, 2022, 5:19:38 AM
Indian IT firms will face the full impact of business disruption in the US and Europe due to the Covid 19-induced lockdown in the quarter to June, as analysts expect companies to report 5-10% drop in revenue due to clients cancelling or putting off discretionary spending on technology in the three-month period.