BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
Indian Information Technology-Business Process Management industry, which is $191 U.S. billion in size, enjoys the lion’s share approximately 55% in the global IT outsourcing market. Historical analysis suggests that demand for IT services grows at 1.3 times of Gross Domestic Product and consumption of software as a percentage of GDP is on the rise which is encouraging.
Indian IT companies are likely to continue to gain market share on the back of strong talent base, long-standing customer relationship, proven track record and best-in-class practices. We expect temporary suspension of H-1B visa by the U.S. is likely to have limited impact on Ebit margin of Indian IT companies, as they have already reduced visa dependency and have 50%-60% local workforce currently.
Click on the attachment to read the full report:
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 brokerage 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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR