IT Services Update - ISG Data Points To An Unabated Demand Momentum: Motilal Oswal
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Motilal Oswal Report
Information Services Group Plc., a leading global advisor to the IT services industry, hosted its Q3 CY21 industry call to discuss deal bookings during the quarter.
With record deal signings in Q3 CY21, along with commentary on sustained end-market demand, we reiterate our positive stance on the IT services sector.
Here are the key takeaways:
while we continue to see a strong demand environment for IT services companies over the medium term, we were positively surprised by the pace of growth, breadth across regions, type (traditional and as-a-service), and volume (highest ever in total, multi-year high for mega deals).
with ISG indicating good visibility on tech spends even in CY22, we expect revenue growth to remain solid for Indian IT services companies over FY22E/FY23E.
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