Technology: Nasscom guidance - Decelerating growth trend continues - Kotak

Industry body Nasscom guided for FY2018E IT Services export growth of 7-8% in constant currency, slower than 8.6% in FY2017. Most Tier 1 IT grew at a slower pace than the industry in FY2017, a trend that does not seem will reverse anytime soon. Broader industry headwinds remain. Companies which invested in digital will eventually benefit but after suffering the immediate pain of correction of business mix that is weighed towards slowing traditional services.

Source : Equity Bulls

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