Coronavirus: Revenue of Indian IT services cos could be hit, says Kotak report
Revenue of Indian IT services companies is likely to be hit as coronavirus outbreak forces clients to enforce travel restrictions, and their deteriorating health could potentially lead to reduction in budgets, as per a report by Kotak Institutional Equities
Kotak Institutional Equities cuts growth estimates across companies and the revised growth forecast stands at 3-8 per cent for 2020-21. Source: Reuters