IT Services Q3 Earnings Preview - Strong Growth Despite Seasonality: KRChoksey

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..KRChoksey Research Report.The IT sector is set to post another strong number in a seasonally weak quarter (furlough impact). The growth outlook remains robust, based on-increasing velocity of digital transformation/shift to cloud,strong annual contract value as large deals are broken into mid-sized deals,improving deal pipeline,accelerated fresher hiring, andimproving alignment/investment in the hyperscalers/software-as-a-system ecosystem. Tier-I technology companies are expected to deliver up 2.4%-4% QoQ and mid-tier technology companies are expected to post a better QoQ (up 4.5-9% QoQ) as compared to it’s large peers. The margin during the quarter is expected to remain stable on a sequential basis; however, there will be a YoY margin decline as companies rolled out two cycles of wage hikes since December 2020 to counter attrition. .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 - Strong Growth Despite Seasonality: KRChoksey

IT Services Q3 Earnings Preview - Strong Growth Despite Seasonality: KRChoksey

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