IT Sector Update - Strong Macro Trends Across: Prabhudas Lilladher
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Prabhudas Lilladher Report
The current macro trends -
- sustained strong growth in technology spends by banking financial services and insurance sector,
- accelerated growth in digital sales in retail sector,
- sustained healthy growth in deal wins every quarter and
- 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.
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