Nomura sees IT sector revenue to improve slightly

eClerx Services

28/11/2025 06:15

** Brokerage Nomura expects marginally better revenue growth of 4.5% for large cap IT companies in FY27 vs FY26

** In FY27, expects mid-caps to continue growing faster than large caps,

** Expects average FY27 EBIT margin to improve by 30 bps for large-cap companies and by 50 bps for the mid-caps

** Sees bigger revenue pool for IT service providers as enterprise AI adoption increases over the next 12-18 months, driving demand for cloud and data services

** Says preferred picks are Infosys INFY.NS among large caps, Coforge COFO.NS among mid-caps, and eClerx ECLE.NS among small caps

** YTD, Nifty IT sub-index .NIFTYIT down 13% vs benchmark Nifty 50's .NSEI 11% rise

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))