IT Sector Q4 Earnings Preview: Topline Continues To Accelerate, Says ICICI Direct
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ICICI Direct Report
Acceleration in digital technologies, improved demand post Covid-19, ramp up of previous deal wins and migration to cloud are driving revenues of IT companies.
Hence, we expect IT companies to report healthy Q4 FY21E revenues.
We believe improved traction in banking financial services and insurance, retail, manufacturing, hi tech and life-science will drive revenues in the quarter.
This, coupled with cross currency tailwind, will further boost revenue growth in the quarter.
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