IT has been the lone warrior for the bulls off late. Could things for the sector gets better from hereon. In an interview to CNBC-TV18, CP Gurnani, MD & CEO of Tech Mahindra, Farid Kazani, MD of Majesco and Apurva Prasad, Research Analyst-IT at HDFC Securities spoke at length about the sector.
Gurnani said that the commentary from NASSCOM suggested that FY19 would be better.
I feel lot more confident about the IT sector now, said Gurnani.
He further said that we are seeing revival in communication space given 5G.
Kazani of Majesco said that we have completed 10 deals in Q3 and have tremendous revenue visibility for quarters going ahead.
According to him, Indian IT has been able to evolve upwards on the value chain.
Prasad said that bottom is made for the IT sector.
However, not sure if the growth rate would be significantly better in near term
For entire discussion, watch accompanying video.
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