IT Sector Update - Strong  Macro Trends Across: Prabhudas Lilladher 
A person works on an assignment on a laptop computer. (Photographer: Daniel Acker/Bloomberg)

IT Sector Update - Strong  Macro Trends Across: 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

The current macro trends -

  1. sustained strong growth in technology spends by banking financial services and insurance sector,
  2. accelerated growth in digital sales in retail sector,
  3. sustained healthy growth in deal wins every quarter and
  4. aggressive hiring by IT companies look promising for IT services sector.

Gartner revised its estimates upwards for global IT services growth (up 9% / 7.3% YoY in FY22/FY23) for the third time in last three quarters.

Moreover, Indian IT services companies have always grown by 4-5% points higher than global IT industry.

Information Services Group anticipates high sustained level of deal wins and accelerated decision making across verticals.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Sector Update.pdf

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