IT Services Sector Charging Ahead In Q4: Previews Prabhudas Lilladher

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

We estimate revenue growth between 1.6%-4.3% QoQ constant currency (average 3%) for tier-I and 2%-4.4% QoQ constant currency (average 2.6%) for tier-II.

We believe IT services companies will post robust quarter led by –

  1. ramp up of large deals,
  2. strong pick up from Covid-19 hit verticals (travel and manufacturing),
  3. broad-based growth momentum and
  4. tailwinds from cloud transformation journey.

We expect operating margins to remain stable, as it can possibly get tailwinds from revenue growth, cost savings and offshoring.

In fact, for coming quarters it will decline a bit in coming quarters on account of wage hike and bonuses, but will comfortably remain 100-150 basis points higher than pre-Covid-19 levels in FY22.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Earnings Preview.pdf


This 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 author entity 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.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Check Also
Back to top button