Reuters: Indian IT firms set for robust outlook as tech spending rises


Reuters | April 12, 2011 | Bharghavi Nagaraju

(Reuters) – India’s top three technology firms are likely to post strong quarterly profit and indicate robust revenue growth for the year ending March 2012 as overseas clients boost technology spending in an improving global economy.

However, salary increases and currency volatility could put pressure on margins for the country’s top software service exporters, Tata Consultancy Services Ltd, Infosys Technologies Ltd and Wipro Ltd.

“On the whole, this year will be better than last year. There may be some improvement in pricing and the business outlook will be slightly better than last year as the U.S. market is improving,” said K. K. Mital, head of portfolio management services at Globe Capital in New Delhi.


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