IT Services Q2 Earnings Preview - Strong Growth Momentum Despite Supply Challenges: Motilal Oswal
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Motilal Oswal Report
We expect a median growth of 5.4% constant currency QoQ in Q2 FY22 in our IT services coverage universe.
Topline performance is expected to remain strong across our coverage, led by a robust demand environment and deal wins.
Tier II IT should continue to outpace tier I IT in terms of growth.
Tier I companies should deliver revenue growth between 3.9% and 6.9% QoQ CC, while tier II companies will have a wider growth band (4.9-10.5% QoQ CC).
Management commentary in FY22 will remain strong, with better than usual seasonality in Q3, which can aid the full year outlook.
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