IT cos to post 12%-15% YoY growth in Sept quarter

Chennai: Indian IT continues its growth trajectory and top tier IT companies are expected to post strong revenue growth in the range of around 12%-15% year-on-year (YoY) and 5%-7% quarter-on-quarter (QoQ) in the July-September quarter. This is despite the fact that July-September will be the first quarter in recent times that does not come with the benefit of ‘low-base’ for the sector.

While strong uptick in IT spending by clients, increase in large deals and pent-up demand helped revenue zoom in the period, analysts said margins will likely be down or flat on a sequential basis due to rising staff costs and increased fresher and lateral hiring.