IT Results Preview - Growth Tailwinds To Sustain In FY22: Prabhudas Lilladher
Employees gather in the forecourt of a building in the Wipro Ltd. campus in Bangalore, India. (Photographer: Vivek Prakash/Bloomberg)

IT Results Preview - Growth Tailwinds To Sustain In FY22: Prabhudas Lilladher

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

We estimate Q1FY22 revenue growth between 1.4%-9.4% QoQ on a constant currency basis (average: 4.1%) for Tier-1 and 3.6%-10.9% QoQ CC (average: 4.2%) for Tier-2.

We believe Tata Consultancy Services Ltd., Infosys Ltd. and Wipro Ltd. will lead growth among Tier 1 and Coforge Ltd., Mindtree Ltd. and Mphasis Ltd. among Tier 2.

We have upgraded Mphasis' earnings multiple to 26x (earlier 24x).

Click on the attachment to read the full report:

Prabhudas Lilladher IT Sector Q1FY22 Preview July 2.pdf

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