Technology Sector Q3 Earnings Preview: Robust Growth Expected Despite Adverse Seasonality, Says Motilal Oswal
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Technology Sector Q3 Earnings Preview: Robust Growth Expected Despite Adverse Seasonality, Says Motilal Oswal

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Motilal Oswal Report

Recent commentary from both large- and mid-cap IT Services companies during their annual investor meets point to continued optimism on their CY21 growth outlook, even after adjusting for a low base YoY.

We expect this optimism to be echoed by other managements during the Q3 FY21 earnings season.

Healthy order pipeline, large deal signings, strong earnings from Accenture, and absence of headwinds like a repeat of the Covid-19 led lockdown in Q1 FY21 or uncertainty with regard to the outcome of the U.S. Presidential election should drive the outperformance in Q3 versus management guidance in Q2 FY21.

Click on the attachment to read the full report:

Motilal Oswal - Technology Q3FY21 Results Preview.pdf

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