Hamburger icon
Close Icon

Quarterly Industry Review – December 2024

Analysis of the Technology industry performance during the quarter ending September 2024. This analysis is based on the quarterly financial results declared by the top listed Technology companies. The report covers a brief analysis on the performance of Indian technology companies, pure-play BPM companies, pure-play ER&D companies, Global tech companies and Start-ups.
DOWNLOAD PDF
Product Image

Key Findings

Global Economy and Technology Spending
  • Global GDP is expected to remain stable at 3.2% in 2024 (same as July estimates) and 3.2% in 2025 (decline of 0.1% from July estimates).
  • According to IDC’s projections, global tech spending is expected to grow by 4.4% in 2024 and projected to increase by 5% in 2025.
Indian Technology Industry Performance
  • Revenues grew 3.1% q-o-q, and 5% y-o-y in reported currency. 
  • India (+15.4%), EMEA (2.3%), North America (+1%) grew q-o-q. Sequential revenue growth across all verticals including Transportation, Travel and hospitality, Energy & Utilities, Manufacturing, BFSI, Telecom, Retail, and Healthcare. 
  • The employee base increased by 1.5% q-o-q in Q2FY25 after declining since Q1FY24. 
  • Pure-play BPM revenues grew at +3.4% q-o-q, with growth in net margins.
  • Pure-play ER&D revenue growth picked up (+3.3% q-o-q) with an increase in net margins.
Global Technology Companies Trends
  • Revenues for global tech companies declined by -1.2% q-o-q with a decline in net margins.
  • The employee count witnessed a modest increase sequentially.
Start-up Trends
  • Revenues increased by 10.1% q-o-q and 19% y-o-y.

Get The Report

Download the report and get detailed insights on the sector.

Regular Price : ₹5,000 Buy Now
Member Price : ₹0 Member Login

Nasscom Members- Login to download the report

Related Reports

Nasscom Quarterly Industry Review – September 2024

Quarterly Industry Review – September 2024

Analysis of the Technology industry performance during the quarter ending June 2024. This analysis is based on the quarterly financial results declared by the top listed Technology…

Emerging Tech
Free for Members
close