IT companies brace for tough December

Top IT companies are bracing up for a tough December. TCS ' chief executive officer N Chandrasekaran and Infosys ' managing director and chief executive officer SD Shibulal are expecting business to slowdown this month.

Both are placing their bets on the New Year ahead, hoping for new deals to provide some relief.

Also read: Infosys FY13 revenue outlook under threat, says UBS

Chandrasekaran feels that FY14 is going to be a better year. "December quarter always has furloughs. That results in lesser growth in the quarter and volumes suffer. That's all we have said before. I would like to stick to that," he adds.

Meanwhile, Shibulal says, as the quarter progressed, the company saw some challenges. "Those challenges include large deal closure delays. So, some challenges have emerged after October 15. Some of them will impact the guidance. But we still have four months to go. If the business velocity picks up and we close some of the large deals, it will address some of the challenges," he asserts.

Don't miss: No acquisition plans in China; positive on Europe ops, says TCS

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