Tag: GDP GROWTH
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Indian IT Sector Braces for Mixed Q3 Results Amid Modest Growth Prospects
As the Indian IT sector prepares for Q3 FY25, Tier 1 companies like TCS, Infosys, and HCL Tech are projected to show modest revenue growth, while Tier 2 firms such as Coforge may reveal stronger results. Operating margins are expected to improve slightly despite challenges. Key sectors like BFSI and TMT indicate rising demand, and…
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Q3 FY25 Results Preview: Indian IT Sector’s Expected Performance Insights
The Indian IT sector is preparing for Q3 FY25 earnings, with TCS leading on January 9. Analysts expect mild growth in major players, but tier-2 firms may outperform. Revenue results may be influenced by seasonal furloughs and macroeconomic factors, with forecasts indicating stable margins despite wage hikes. The Indian IT sector is poised for earnings…
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Tech Council of Australia Urges Increased Investment in Technology for Economic Growth
A report by the Tech Council of Australia urges businesses to enhance technology investments to drive economic growth and productivity. It proposes increasing total tech investment from 3.7% to 4.6% of GDP, potentially unlocking AUD $39 billion in productivity gains by 2035. The Council emphasizes the need for better technology adoption, especially in comparison to…
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Korean Firms Report Significant Earnings Shortfalls in Q3 Amid Economic Challenges
One in three Korean listed firms reported operating profits below market expectations in Q3, particularly impacted by weaknesses in the semiconductor and battery sectors, including Samsung and Hyundai. Overall operating profit totaled 50.14 trillion won, a 5.8% decline compared to forecasts, leading to slowed economic growth as GDP expanded only 0.1% in the quarter, far…
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One in Three South Korean Firms Report Q3 Earnings Below Expectations
Approximately one in three listed firms in South Korea reported third-quarter earnings below expectations, primarily due to poor performance in the semiconductor and battery sectors. Major companies such as Samsung Electronics and Hyundai Motor were among those affected. This underperformance has led to overall economic growth being significantly lower than projections, prompting potential revisions in…