Indian top IT firms set for another tepid quarter on weak US demand, client spending

By Bharath Rajeswaran and Sai Ishwarbharath B Jan 8 (Reuters) - India's information technology firms are expected to report another muted quarter, as tepid demand in the U.S. and holiday-period client shutdowns continue to weigh on ​tech spending, nine brokerages said ahead of earnings. Brokerages expect the top six IT firms by revenue to post ‌about 4% year-on-year revenue growth and a 5% rise in profit for the December quarter on average, reflecting prolonged demand softness, compared with 6.5% revenue ...