IT, Telecom Q3 Results Preview - Demand Slowing Down; Margins Remain Stable: Axis Securities

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Axis Securities Report.The IT services sector is expected to report moderate growth in Q3 FY23, primarily on account of the seasonally weak quarter and slowing down growth momentum led by uncertainties in the U.S. and UK. However, IT spending in North America and Europe has continued to be relatively strong owing to the demand for digital transformation and cloud transformations. We believe it is likely to remain intact, at least for the quarter. However, at the current juncture, vertical commentary for the quarter stands critically important from major service providers, especially retail vertical, consumer packaged goods, and banking, financial services and insurance. We expect midcap IT services companies to outperform tier-I IT companies in terms of growth in Q3 FY23..Click on the attachment to read the full report:.More Research Reports On Indian IT Services Q3 FY23 Earnings Preview.Seasonality-Led Slower Demand To Hurt Growth: Motilal OswalGrowth, Valuations ‘ Normalising: HDFC SecuritiesSeasonally A Weak Quarter: IDBI Capital Furloughs To Impact Revenues; Supply Side Easing To Aid Margin Expansion: ICICI Direct.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

IT, Telecom Q3 Results Preview - Demand Slowing Down; Margins Remain Stable: Axis Securities

Margins for majority of companies are likely to be improved largely due to the attrition levels slowing down rupee depreciation.

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IT, Telecom Q3 Results Preview - Demand Slowing Down; Margins Remain Stable: Axis Securities

Margins for majority of companies are likely to be improved largely due to the attrition levels slowing down rupee depreciation.

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