IT Results Preview: Sustained Demand Tailwind To Drive Growth In Q1 - Motilal Oswal
An employee wearing a face mask has his temperature checked on arrival at the at the HCL Technologies Ltd. Jigani campus stands in Bengaluru, India. (Photographer: Samyukta Lakshmi/Bloomberg)

IT Results Preview: Sustained Demand Tailwind To Drive Growth In Q1 - Motilal Oswal

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 dollar organic growth of 3.3% constant currency QoQ in Q1 FY22 for our IT Services coverage universe.

Despite a high base effect in H2 FY21, a strong demand environment and deal wins should result in continued strength across largecap and midcap IT companies (with a few exceptions).

We expect largecap IT companies to report organic revenue growth of 2.1-3.9% QoQ CC, while the same for midcaps (excluding Cyient Ltd., which will decline due to non-IT Data Lifecycle Management business seasonality) should have a wider band of 2.8-6.3% QoQ

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Motilal Oswal Q1FY22 Preview.pdf

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