Dollar revenues of IT services will grow 9-11% in 2016-17 following improvement in the macroeconomic environment in US and Europe.
India's largest software services exporter, TCS, said its fourth-quarter revenues fell 1.1 percent to Rs 24,220 crore while net profit (adjusted for an employee bonus) was up 8.4 percent to Rs 5,906 crore. In constant currency terms, revenues were up 1.6 percent.
Tech Mahindra management was upbeat about the road ahead and reiterated that they were on track to achieve their USD 5 dollar revenue target. Vineet Nayyar, Executive VC and CP Gurnani, MD & CEO spoke exclusively to CNBC-TV18‘s Kritika Saxena.
Going forward the company will resume on its growth path in fourth quarter on back of sizeable improvement in deal pipeline over the last two quarters said Manu Parpia, MD & CEO of Geometric.
The good news is if we look at the pipeline for the rest of the year and early next year, we have created a pipeline worth about USD 70 million,†said SachinTikekar of KPIT Technologies.