Coronavirus attack to slow down IT

India’s giant IT services companies will see a significant slowdown in growth during this financial year as they grapple with the upheaval wrought by the Covid-19 pandemic, according to analysts.

“We expect revenue in the (first two quarters of this financial year) to be largely impacted by delay in pipeline conversion and pricing impact on core business,” wrote analysts Apurva Prasad, Amit Chandra and Vinesh Vala in a note.

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