Coronavirus Pandemic: Impact On Aviation To Hurt IT firms, Revenues May Drop 1-7%

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The global aviation sector is going through its biggest slump ever, and that has a direct impact on Indian IT companies. According to experts, this impact could lead to 1-7 percent drop in revenues in the coming quarters.

Sanchit Vir Gogia, founder, Greyhound Research, an analyst firm, explained that clients will rather invest in the smaller and outcome-based projects. These projects will be short term and will cost less than long-term deal wins. (Outcome-based model is a business model where clients pay for results using a product or service rather than the product itself.)

[Moneycontrol]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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