IT Services Q3 Earnings Preview - Beat, Raise Cycle Will Continue: 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.We expect strong sequential revenue growth in Q3 FY22 despite seasonally weak quarter (due to furloughs and lower working days). We estimate 3.4%- 4.7% QoQ constant currency (average: 4.1%) for tier-I and 4.4%-9.1% QoQ constant currency (average: 6%) for tier-II. There is cross-currency headwind of 50-90 basis points due to appreciation of U.S. dollar against pound, euro and Australian dollar. Growth is driven by high discretionary spends and digital transformation across all sectors and markets. We anticipate flattish or slight decline in margins on QoQ basis. Margin headwinds of backfilling of attrition with lateral recruits at higher costs and decline in utilisation levels due to aggressive fresher hiring will be partially offset by pyramid optimisation, cost control measures and revenue growth leverage..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Services Q3 Earnings Preview - Beat, Raise Cycle Will Continue: Prabhudas Lilladher

IT Services Q3 Earnings Preview - Beat, Raise Cycle Will Continue: Prabhudas Lilladher

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