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

Click on the attachment to read the full report:

Motilal Oswal Q1FY22 Preview.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.