Quote on IT sector outlook By Vinod TP, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/e2d4450df1de7cbea75c831da930a7f5.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 Quote on IT sector outlook By Vinod TP, Research analyst at Geojit Financial Services.
Due to macroeconomic challenges in the BFSI and Hi-tech sectors, delayed discretionary spending, it is likely that revenue growth will soften during this quarter. Still, cloud computing, digitalization, artificial intelligence, and cybersecurity are the key drivers for revenue in the current challenging circumstances. Recent data suggests that the U.S. technology sector foresees a slowdown in CY23-24 guidance due to drop in deal conversion rate. During this challenging period, Indian IT companies are focused on enhancing margins through cost optimization and resolving supply-side issues. Looking ahead, we expect higher deal conversion at the start of H2FY24, which will improve revenue visibility. On the valuation front, over the past 1.5 years, the industry valuations have been corrected by more than a third, limiting the downside risk. Going forward, it presents an opportunity for long-term investors to accumulate in the IT sector.
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.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)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _9.jpg)
Perspective on markets By Mr. Jaykrishna Gandhi, Emkay Global Financial Services
![Quote On Nifty : The Nifty started to gap up and remained volatile during the day Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/6d0d1d93db70004b563281be1393f46a.jpg)
![Market Wrap Up : Nifty awaits new highs as some tentativeness is seen at record levels Says Mr. Rajesh Bhosale, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/3ca09e38c1ba5a81e85a1f58af25c482.jpg)
![Market Quote : The current volatility might persist for a while.Investors Says Mr. Vinod Nair, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/81491c1a35f91ef43d4450bc09ed74df.jpg)