IT Services Q3 Earnings Preview - Demand Continues To Be Strong On Back Of Digital: IDBI Capital

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..IDBI Capital Report.Demand outlook for all the IT companies remains robust for Q3 FY22 and for FY22E. Amongst large caps, we forecast revenue growth in the range of 3%-4.4% QoQ in constant currency terms. However after negative cross currency impact, we expect dollar growth in the range of 3%-3.7% QoQ. Among mid-caps, constant currency growth is expected between 3.5%-6.5% and after cross currency impact they are expected to grow in the range of 2.8%-6.3%. We prefer Infosys Ltd. and Wipro Ltd. among large caps and Tech Mahindra Ltd. and Zensar Technologies Ltd. among mid caps. We would watch for upgrades in revenue guidance, margin outlook, hiring and attrition, outsourcing trend in Europe and digital and offshoring..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 - Demand Continues To Be Strong On Back Of Digital: IDBI Capital

IT Services Q3 Earnings Preview - Demand Continues To Be Strong On Back Of Digital: IDBI Capital

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