Indian IT Sector’s Demand Environment Remains Intact, Strong Acceleration In Cloud Adoption: Prabhudas Lilladher

Indian IT Sector’s Demand Environment Remains Intact, Strong Acceleration In Cloud Adoption: Prabhudas Lilladher

A person uses a laptop computer. (Photographer: Andrey Rudakov/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Accenture reported strong revenue growth, order bookings and raised guidance underscoring the accelerated demand for technology transformation.

Most leading companies are simultaneously transforming multiple parts of their enterprises. Pre-Covid-19 digital leaders are racing to widen the gap and digital laggards are racing to leap frog.

This is driving force for broad based recovery across IT industry.

Accenture’s outsourcing order book stood at $6.3 billion, grew 46.5% YoY in U.S. dollar terms (quarterly average of $5.93 billion in FY20). This mirrors well for demand for Tier-I Indian IT companies.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Sector Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES