Technology Business Review (TBR) has released a chart showing the likely revenue growth of IT service companies.
The below chart indicates the profit of IT services companies.
TBR’s expectation is that IT services revenues will continue to grow in 1Q20 following a flat trend over the past four quarters. Revenue growth will begin to decelerate in 2Q20 due to the COVID-19 pandemic. As widespread business disruption occurs in Europe, the U.S. and Asia Pacific due to COVID-19, it will affect customer demand for IT services in 2020.