Cross currency volatility and softness in demand is expected to hit revenue growth and profit margins, say brokerage reports
With the appreciation of the dollar against global currencies likely to impact the topline of Indian IT-services companies, the last quarter of FY15 is in for a ‘muted’ performance. Analysts tracking the space expect sluggish demand environment to be a dampener for the $146 billion Indian IT industry during the January-March stretch, already a seasonally soft quarter for the sector.