KRChoksey: IT Sector Q2 FY21 Preview - Set For Growth Recovery

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Report.While Q2 FY21 will confirm growth recovery for the Information Technology industry after a challenging Q1 FY21, we believe healthy total contract value data and conversion to revenue assume significant importance in light of the steep run up in stock prices of most IT firms.H2 FY21 growth outlook will be critical, given a challenging near-term outlook issued by Accenture recently.After a growth bump-up in FY22 on a low FY21 base aided by pent up demand, we believe FY23 will reflect a more ‘normalised’ sector growth outlook, and we expect the industry to revert to high single digit growth in that fiscal after double digit growth in FY22..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 brokerage 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.

KRChoksey: IT Sector Q2 FY21 Preview - Set For Growth Recovery

KRChoksey: IT Sector Q2 FY21 Preview - Set For Growth Recovery

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