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Earnings

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.
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