Sector Update: A great July-September quarter for the IT Sector

by khalid on 07/11/2011 · 0 comments

As per the current verdict that recently came out for the prediction off the Indian IT sector it seems they had a jolly time last quarter. It has been more or less a stable quarter for the IT sector for the July to September quarter. But as the weakening global economy has played a devils game on other sectors it is expected that it may play a sluggish move for the IT sector in the last quarter of this year too. Infosys has already played more than what was expected out o it in the last quarter. Same had been the case with the other IT giants such as Wipro, HCL Tech, and TCS who all have showed a steady performance in the last quarter.

Global concerns have always played a spoil sport for the other sectors but IT has really managed to navigate its path through the deep waters and performed quite well. The manufacturing and retail wing has really seemed to be growing for HCL as per the company vice chairman and CEO. As per the CEO of TCS the volume growth recorded by the company has been fantastic touching the levels of 6.2%. The company’s international business grew by 9% adding value to the company’s portfolio.The coming quarter seems to be a tough journey for the IT sector though with the weakening global economy in place.

 Bell the Bull says: The disappointing quarters for many over the Index was rather a good one for IT sector

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