BANGALORE: The IT sector is expected to end FY11 on a moderate pitch. Market analysts say that the January-March quarter is when clients strategize their moves for the new financial year, so growth will be subdued sequentially as compared to other quarters.
“We expect modest results from the companies in our IT coverage universe. Though the macro scenario and demand outlook still remain bright, we expect a bland sequential topline growth due to the seasonally weak Q4,” said Vijay Gautam , senior research analyst (IT) at Jaypee Capital.
According to a report by Dipen Shah, IT analyst at Kotak Securities, though the January-March quarter is normally soft, sequential growth will be reasonably good at about 5% and annual growth in rupee terms would be 26% for the top 4 IT companies