Indian IT gears up for muted Q2 earnings

Indian IT companies are expected to face a weak earnings season due to Accenture's modest guidance and continued weakness in discretionary spending. However, deal wins have accelerated, giving confidence in strong growth for FY25. The top four Indian IT firms have collectively booked deals worth nearly $20 billion, with a significant portion coming from large deals. Infosys recently expanded its partnership with Liberty Global in a deal valued at 1.5 billion euros.

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