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IT sector’s earnings outlook: how bad will it get?

India covid-19 2020 pandemic information
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IT service majors have begun their announcements on results for the quarter ended March 2020. Until the pandemic hit, most onlookers expected that there was broad-based strength in the IT outsourcing market and that it would continue for the foreseeable future.

Last year, the National Association of Software and Services Companies (Nasscom) stopped publishing its yearly estimate for Indian Information Technology (IT) exports and refrained from providing guidance for Financial Year 2020.

Nasscom’s numbers had long been the homegrown benchmark used by captains of India’s IT industry. Today, we have no industry touted benchmark and there is rank uncertainty about the future.

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United States
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Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
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Brazil
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Cases: 21 835 785
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Recovered: 0
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Recovered: 0
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