Indian IT companies become more conservative in FY25 growth projections

As the IT sector goes through muted revenue growth, companies have become more conservative in their FY25 projections, baking in anticipated delays in executions and project closure activities, market analysts said on Friday.

The revenue growth outlook for FY25 has been discouraging, with tier-1 IT companies expected to report below mid-single digit growth on average, while tier-2 firms capping their revenue growth to high-single digits.