The financial results of IT companies in the quarter ending December were “far ahead of estimates and very promising”, Som Mittal, President of National Association of Software and Services Companies (Nasscom) said here on Thursday.
These results, he said, reflected the “strong fundamentals” of Indian IT companies.
Globally, Mr. Mittal said the market in the U.K. was ridden with economic uncertainty, while “the U.S. is seeing good recovery.”
He said that Nasscom would release future estimates for the coming financial year in February. “We hope that the next year (financial) will be even better than the current one.”
He attributed the “promising results” to efforts made by IT firms, which, he said, included restructuring and changed business models.”
He said the IT industry needed a “better and more certain tax regime”, for which he said he was in talks with the Union Finance Ministry. Mr. Mittal said he hoped that the government would announce and accept the recommendations of N. Rangachary Committee.
When asked if the industry has submitted a ‘wish-list’ for the Union budget, he said: “We are not looking for any sops, nothing that impacts country’s exchequer. We want clarifications of these issues so that we are back on track,” he said.
When asked about what IT companies were doing for women’s safety, he said that IT companies were trying to “make women feel safe within companies”.