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Macro woes, wage hikes to impact IT companies Q1 earnings; revenue growth seen muted, margins under pressure

Published: July 9, 2023

Indian IT firms are expected to report weak earnings for Q1 of FY24 due to deteriorating macro conditions, wage hikes, and the impact of the US market. While midcaps may see some growth, large caps are expected to report flat revenue.

Source: livemint.com

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