
Manish Jain of Mirae Asset believes, margins of most IT services firms are likely to be bottomed out in Q1FY23 and expect gradual improvement in the medium-term despite elevated cost of delivery, aided by reduction in sub-contractor expenses, improving utilization, pyramid rationalization and currency tailwinds.
from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-five-factors-must-to-dragmarket-back-to-june-lows-says-this-research-head_16641501.html
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