IT Services Q2 Earnings Preview - Another Healthy Quarter: Anand Rathi
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Anand Rathi Research Report
17 of the 18 companies we cover are likely to record higher revenue in Q2 FY22 versus Q1 FY22.
We expect sequential growth for most of the companies we cover to hover around 5-7% in Q2 FY22.
Most companies to register strong YoY and trailing twelve months growth, but YoY growth to modestly decelerate.
We expect QoQ growth for Mindtree Ltd. to be the highest in Q2 FY22, followed by Persistent Ltd. and Intellect Design Arena Ltd.
While revenue of most companies are likely to grow QoQ, Firstsource Solution Ltd. may record QoQ contraction.
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