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Prabhudas Lilladher Report
We estimate revenue growth between1.7%-3.4% QoQ constant currency terms (average 2.8%) for Tier-I and 1.5%-5% QoQ CC (average 3.3%) for Tier-II.
We believe IT services companies will post robust quarter led by -
1. Strong recovery in key verticals,
2. Added revenue tailwinds from sustained deal wins,
3. Strong momentum in digital spends and
4. Lower than expected furloughs.
We expect consensus to revise their revenue growth estimates, as deal wins across the pack are very strong and European geography will outperform in coming quarters.
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