Thursday, 6 November 2008

See 5-10% YoY decline in pricing for IT cos: JP Morgan

Bhavin Shah of JP Morgan said volumes and pricing of IT companies would be under pressure. He sees a decline of 5-10% YoY in pricing, expects a decline in IT spending going into 2009, and a downside risk in the tech pack.

Shah sees a steady moderation in sequential growth for most technology companies and feels that technology companies are a lot more cautious due to some project delays.

He does not expect IT outsourcing to be scaled back or the outsourcing budgets to be under pressure.

Source: Moneycontrol

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