IT Services Sector Maintains Stable Profitability Amid Modest Growth
Indian IT services companies maintained stable profitability despite weak operating leverage, supported by cost-control measures and favourable currency, a Systemix report said. The sector posted modest QoQ constant-currency growth amid difficult macro conditions. Despite weak operating leverage and higher investments, IT services companies maintained stable profitability, supported by effective cost-control measures and favourable currency movements, … Read more