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FY2017 to 21.2% in FY2020e.

Despite 9.7% US$ growth in Q4FY2018, IT players register lower 3.9% growth due to INR appreciation, tightening of H-1B visa norms to impact profitability

Credit Profile to remain Stable despite pressure on growth and profitability The aggregate growth of Indian IT Services companies (13 sample companies) was at 3.9% during Q4FY2018 (9.7% in US$ terms) compared

June 12, 2018

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FY2017 to 21.2% in FY2020e.

Despite 9.7% US$ growth in Q4FY2018, IT players register lower 3.9% growth due to INR appreciation, tightening of H-1B visa norms to impact profitability

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