Prabhudas Lilladher On Indian IT Services - Technology Spends In Virtuous Cycle
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Prabhudas Lilladher On Indian IT Services - Technology Spends In Virtuous Cycle

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.

Prabhudas Lilladher Report

Covid-19 has accelerated the pace of digital adoption forcing companies to invest in technology in order to remain relevant for their customers.

The strong deals won by IT companies in last two quarters in banking, financial services and insurance and retail sector completely align with the strategies of different CXO’s of saving costs and increasing revenues via digital transformation.

Higher spending will likely result in increasing opportunities for IT services companies.

Despite the sector’s recent re-rating to +2-SD, we extend our positive view as we believe technology spends will sustain in coming quarters.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Sector Update.pdf

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