New Delhi: As the Q2 earnings session begin, India's largest IT firms are likely to record a modest quarter-on-quarter revenue growth of up to 2.1 per cent in the July-September period, a report said on Wednesday.

Increased macro concerns are expected to limit incremental tech spending, but demand trends are stable, and increasing deal conversions as well as currency tailwinds may support growth, the report from broking firm Equirus Securities said.

Analysts forecast that consolidated constant-currency US dollar sales for the top six large-cap companies will increase by 0 to 2.1 per cent quarter-on-quarter.

"We expect the top 6 large IT companies to report sales growth of 0 per cent to 2.1 per cent QoQ in 2Q," the broking firm said. In midcaps, the firm forecasted healthy sales growth

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