The stock of MphasiS lost 4% of its value on Friday. This follows the company's announcement of a sequential drop in revenue in the January quarter.
Companies may find it difficult to raise tariffs in the near term to pass on higher spectrum costs as Reliance Jio would prefer to keep data rates lower.
Investors are however advised to observe caution while placing their bets on aggressive earnings expectations in the future.
The rate of employment generation is likely to taper with increasing focus on employees with multiple skill sets.
The impressive growth of the sector reflects the high quality execution capabilities of a well-trained staff.
Now that the sector has entered a more mature phase, the need for simple and clear regulatory guidelines has become more prominent than ever.
Over the past decade, the sector's revenue has more than doubled helped by a strong multifold jump in the subscriber base.
Reliance Communications, the third largest telecom operator listed on Indian bourses, reported a sustained momentum in data driven income.
Revenue of IT services division that caters to clients in the US, Europe, and Asia rose by 7% sequentially to Rs 127.7 crore.
Blue Star expects its full year earnings to rise nearly 3 times due to robust demand from US clients and the strong performance of its main business divisions.
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