Building robustness will require a federally

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Canada Goose Outlet Companies have anywhere between 3 4 percent of revenues tied to variable compensation; the extent of flex on this will determine margins,” Kotak said. An 8 percent decline in revenues can lead to 3 4 percent hit on utilization and 120 150 bps impact on margin (assuming relatively lower hit to onsite utilization) and (3) operating leverage hit due to revenue decline, it said.ICICI Securities expects margin of Tier 1 companies to decline around 32 200 bps while among Tier 2 companies NIIT and Tech Mahindra are expected to post a margin decline of around 161 200 bps.”This is mainly due to a dip in utilisation, pricing pressure and cross currency headwind, partially offset by rupee depreciation, lower travel cost and lower general administrative cost,” ICICI Securities said.More or less Kotak’s expectations with respect to margins are along similar lines.Brokerages say IT companies may continue to avoid giving full year guidance, given the uncertainty due to coronavirus but they expect a revival in the second half of FY21 and strong growth in FY22.”While the pandemic is expected to impact near term growth, we expect a revival in H2FY21. This, coupled with increased traction in digital technologies, vendor consolidation opportunity for Indian IT players, improved IT spending bodes well from a long term growth perspective,” ICICI Securities said.. Canada Goose Outlet

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