IT firms with exposure to healthcare brace for immunity test
1 week, 6 days ago

IT firms with exposure to healthcare brace for immunity test

Live Mint  

For select Indian IT companies, exposure to the healthcare vertical has proven to be a boon, bolstering earnings at a time when other segments faced significant pressure. Persistent Systems Ltd, a tier-2 IT firm with the highest revenue contribution from healthcare, recorded impressive growth in this segment, averaging 51% year-on-year over the last four quarters, according to a Motilal Oswal Financial Services report dated 18 December. Meanwhile, Wipro Ltd saw stronger performance in this segment, achieving a compound annual growth rate of around 8.5% over the past two years, as noted in the Motilal Oswal report. A comforting factor is that the healthcare vertical remains relatively insulated from interest rate fluctuations, unlike the banking, financial services, and insurance sector. However, potential changes in US healthcare policies under newly elected President Donald Trump could disrupt the healthcare vertical, posing risks to the earnings outlook for these IT companies.

Healthcare Vertical  brace  growth  spending  services  exposure  immunity  healthcare  rate  firms  segment  test  sector  revenue  vertical  potential

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