![]() The IT industry has always relied on external triggers to show the way. “IT companies have done a reasonable job till now but if the rupee and the wages keep rising then they will need to do a lot more,” says Gartner regional research director Partha Iyengar. It is just that they may not be great stock market investments because the capital efficiency of the business may have declined,” says the fund manager.įor many industry experts IT companies may not be doing enough. Profits are growing at 25-30 per cent, and revenue growth is strong. On this criterion, most top firms have shown a decline over the last two years. ![]() One stark indicator of the state of the industry is the return on incremental capital employed, essentially the additional profits generated by deploying additional capital in the business.
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