Topics In Demand
Notification
New

No notification found.

Quarterly Industry Review –September 2024

September 6, 2024 216 0 nasscom insights

Quarterly Industry Review –September 2024

Analysis of the Technology industry performance during the quarter ending June2024. This analysis is based on the quarterly financial results declared by the top listed Technology companies. The report covers a brief analysis on the performance of Indian technology companies, pure-play BPM companies, pure-play ER&D companies, Global tech companies and Start-ups.

Key Highlights

  • Global Economy and Technology Spending
    • Global GDP is estimated to increase by 3.2% in 2024 (same as April estimates) and 3.3% projected in 2025 (increase of 0.1% from April estimates).
    • Worldwide software and IT services spending expected to witness a y-o-y increase of 9.2% in 2024, lower as compared with their previous projections of 11.4% (as of April 2024)
  • Indian Technology Industry Performance
    • Revenues grew 1.3% q-o-q, and 2.3% y-o-y in reported currency.
    • North America (+1.1%), India (+14.2%) grew sequentially, EMEA remained stable, while Rest of the world (-0.5%) witnessed a q-o-q decline.
    • Sequential revenue growth for BFSI, Healthcare, Retail, Telecom, and Energy & Utilities vertical. While Manufacturing, and Transportation, Travel and hospitality verticals declined sequentially.
    • The employee base increased by 0.8% q-o-q in Q1FY25after dropping for five consecutive quarters.
    • Segments:
      • Pure-play BPM revenues grew at +2.7% q-o-q, with slight growth in net margins.
      • Pure-play ER&D revenues growth declined-1.3% q-o-q with reduced net margins.

 

  • Global Technology Companies Trends
    • Revenues for the select set of global companies increased by 1.5% q-o-q anddeclined1.4% y-o-y.
    • The employee count increased in Q1FY25.
  • Start-up Trends
    • Revenues declined by 1.2% q-o-q and increased 23.1% y-o-y.

Find the full report at NASSCOM Website.

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.