IT Services Q4 Earnings Review - Strong Growth Momentum In Key Sectors: Prabhudas Lilladher
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Prabhudas Lilladher Report
Tier-I IT Services’ revenue growth in Q4 FY21 was tad lower at 3.7% QoQ U.S. dollar as compared to previous two quarters.
Three out of five tier-I IT companies reported miss on revenue estimates.
However, we still continue to be confident of strong demand environment and miss is only due to moderation of revenue growth post two quarters of strong growth.
Revenue growth was led by strong demand momentum in banking financial services and insurance and sustained recovery in manufacturing and retail sectors.
Communications vertical was weak for all companies.
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