IT Services Q2 Earnings Preview - Exceptionally Strong Quarter: 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 Q2 FY22 revenue growth between 5.0%-7.4% QoQ constant currency (average:5.8%) for tier-I and 5.5%-9.0% QoQ CC (average: 7.1%) for tier-II. There is cross-currency headwind of 20-90 basis points due to appreciation of U.S. dollar against pound, euro, and Australian dollar. We believe IT services companies will post a robust quarter led by-ramp up of large deals, strong growth momentum from core verticals (banking, financial services and insurance, retail) broad-based growth momentum and tailwinds from cloud transformation journey. We also anticipate pressure on operating margins given-increased level of sub-contracting caused by strong demand, wage hikes, high attrition and investment in large deals. We believe margins will likely recover from Q3, aided by revenue growth leverage.. 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 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.

IT Services Q2 Earnings Preview - Exceptionally Strong Quarter: Prabhudas Lilladher

IT Services Q2 Earnings Preview - Exceptionally Strong Quarter: Prabhudas Lilladher

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