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canada goose store The lockdown imposed to check the spread of the virus hit the supply side. Though some countries started easing restrictions and lifting lockdown in May but IT firms could not operate at full capacities due to the virus risk, which forced companies to lower discretionary spend, review pricing, delay the ramp up of deals and acquisition, which will spill into September quarter as well, brokerages say.According to them, country’s largest IT services providersTCSandInfosysare expected to report more than 5 percent QoQ decline in revenue.Tech Mahindra,WiproandHCL Technologiesare likely to see around 8 9 percent sequential fall in the topline butL Infotechmay be best among them as well as midcaps, reporting 4.5 5 percent decline in revenue QoQ.The demand pullback is expected to be severe in directly impacted segments but BFSI and telecom could be stable in terms of growth for IT companies.”Directly impacted segments of travel, transportation, hospitality, retail (department stores and apparels) pulled back spending with magnitude of cut varying from 20 40 percent,” said Kotak. The impact of these cuts would be visible through June and September quarters, it said, adding it expected a sharp revenue decline in the oil and gas segment.It also expects a moderate revenue decline in banking and stable revenues in insurance and telecom verticals.In addition, ICICI Securities says, companies with higher BPO revenues are also expected to be impacted by supply related challenges and lower client approval for work from home mode.”Headwinds are higher than tailwinds before a decision on variable compensation canada goose store.

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