IT Sector Earnings Preview -  Expect Strong Q4 And 2022 Outlook Despite Cost Pressures: Motilal Oswal
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IT Sector Earnings Preview - Expect Strong Q4 And 2022 Outlook Despite Cost Pressures: 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 Tier I IT companies to report growth between 2.5% and 3.4% QoQ constant currency (barring Tech Mahindra Ltd.), their strongest Q4 FY21 performance in the last five years.

Tier II IT should deliver 3.3-5.2% QoQ constant currency growth (except Mphasis Ltd. Zensar Technologies Ltd.).

Growth in Q4 FY21 continues to be driven by a supportive demand environment and large deal wins.

We expect our coverage universe to deliver revenue (U.S. dollar)/adjusted Ebit/profit after tax growth of 8%/19.7%/16.2% YoY in Q4 FY21.

Click on the attachment to read the full report:

Motilal Oswal IT Q4 Results Preview.pdf

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