NIFTY 50

What's ailing the midcap IT sector?

Updated : July 22, 2019 01:05 PM IST

L&T Tech lowered its FY20 USD revenue guidance by 200 basis points (bps) to 12- 14 percent due to reprioritization of spends in the semiconductor business and headwinds at one of the key clients.
Cyient, on the other hand, has discontinued its FY20 revenue guidance on account of macro uncertainty and the top-down miss in Q1.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV