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.
Motilal Oswal Report
We expect a median growth of 5.4% constant currency QoQ in Q2 FY22 in our IT services coverage universe.
Topline performance is expected to remain strong across our coverage, led by a robust demand environment and deal wins.
Tier II IT should continue to outpace tier I IT in terms of growth.
Tier I companies should deliver revenue growth between 3.9% and 6.9% QoQ CC, while tier II companies will have a wider growth band (4.9-10.5% QoQ CC).
Management commentary in FY22 will remain strong, with better than usual seasonality in Q3, which can aid the full year outlook.
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