The National Association for Software and Services Companies expects Indian IT exports to grow 12-14% in FY16, after the industry marginally missed its growth forecast for the current financial year. The projected growth is slower than last year, raising concerns on whether some of the biggest Indian IT companies will be able to catch up with double digit revenue growth again, this year.
“The cloud contracts and the managed services contracts that are being given out will be smaller in size and duration. This will impact the topline of the companies. While it is not evident this year, it will start having adverse impact on growth from next year onwards,” said Sanchit Vir Gogia, chief analyst and group CEO at Greyhound Research.
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