IT may see a muted Q4; rebound likely in FY25: experts

Growth in the information technology sector may rebound from next fiscal year, experts said, though the third-quarter performance of India’s top four IT majors did not inspire much confidence.

While companies indicated little uptick in confidence in the market after the US Federal Reserve last month signalled multiple interest rate cuts in 2024, analysts expect a turnaround after this and the next quarters based on management commentary on the demand environment.