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ICRA’s year-end outlook for Indian IT Services companies stable


·         Expected CAGR for FY2018-2021e to be around 9-12% IT players compared to CAGR of 17.1% over FY2013-2017 ·         Lower deal sizes in digital technologies, cloud adoption and high competitive intensity could impact growth ICRA has a stable outlook on Indian IT Services industry. The credit profile of Indian IT Services companies remains stable underpinned by its ability to sustain free cash flows …

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