MUMBAI: The top five Indian IT firms will report their worst second-quarter results in a decade, as analysts fear a slew of factors will mute the sector’s growth for the rest of the year, and prompt the industry to cut full year forecast.
Slowing growth in the banking and financial services sector, Britain’s decision to leave the European Union, weaker discretionary spending and growing pricing pressure in the traditional business have led Indian IT firms to temper down expectations in the run-up to the earnings season.
