Quote on IT Sector outlook post the FOMC meeting from Vinod TP, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/45432f3963a779c8152148ce30f9e0bf.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the quote on the IT sector outlook post the FOMC meeting from Vinod TP, Research analyst at Geojit Financial Services.
Despite muted Q1 results in the IT sector, optimism is slowly arising after the FOMC's recent rate hike. The U.S. Fed hinted at a soft landing of the economy as against the earlier expectation of a recession. Moving forward, the Fed indicated a reduced likelihood of another rate hike this year due to expectations of easing inflation. Conversely, the diminished recession concerns are likely to boost client confidence, leading to the release of deferred IT projects and enhancing revenue visibility in the Indian IT firm. Moreover, higher deal wins and demand for cloud computing, digitalisation, AI, and cybersecurity will support growth in the future. Although industry valuations have corrected significantly, limiting downside risks, this presents a favourable opportunity for long-term investors to accumulate IT stocks.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/narendramode37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Muthoot Finance ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/hiroshiyoshida.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Skills Revolution1231.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/cummins.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/investment37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tata Steel Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tarun Chugh, MD & CEO, Bajaj Allianz Life.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/car37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jitin37.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)