Friday, 24 March, 2023

IT firms may see 1-3% dip in revenues as travel resumes

<p>Top IT Executives signalled a return to physical work, to pre-Covid margins and revenues while announcing results for the Sept quarter. Resumption of travel and reduction of restrictions will add to costs, impacting margins by 1-3%. While high demand for IT talent still continues, the ongoing supply crunch is expected to last another two quarters. Margins had expanded to a high of 25% past year, mainly due to reduced travel costs and hybrid work models.<br /> &nbsp;</p>