Bengaluru:<\/strong> Indian IT services firms are expected to report their best fourth-quarter results in five years, analysts said, as business from clients in the US and Europe grew at a fast clip. 虽然塔塔咨询服务公司(TCS),中国最大的科技服务公司收入,将第四季度财报季4月12日。Infosys的4月14日和Wipro 4月15日。 班加罗尔:印度IT服务公司预计将在五年内他们最好的第四季度业绩报告,分析师表示,随着业务从客户在美国和欧洲的增长速度快。
They will, at the same time, also report higher attrition rates due to a battle for talent among peers, global corporations and startups, the analysts said.
Acceleration in digital technologies<\/a>, improved demand following the pandemic, ramp-up in previous deal wins and migration to the cloud are driving revenues of IT services companies. The sector is, therefore, likely to report best fourth-quarter sequential performance in recent years with companies seeing broad-based momentum and positive cross-currency impact, analysts have written in preview reports.
“Over the 5% QoQ posted in 3QFY21 and 6% in 2Q, we expect the sector to deliver 3.9% QoQ growth during the January-March quarter,” Apurva Prasad, IT analyst at HDFC Securities, said in a report. The “pandemic has evidently accelerated the digital transformation agenda and key lead indicators remain positive”.
Tata Consultancy Services<\/a> Ltd. (TCS), the country’s largest technology services firm by revenue, will kick off the Q4 results<\/a> season on April 12. Infosys’ on April 14 and Wipro will follow on April 15.
Indian IT firms, which began FY21 on a negative note amid the Covid-19 lockdown in India as well as in Europe and the United States, recovered quickly with its nearly 4.5-million strong workforce helping clients manage their businesses, working remotely.
Global corporations, which had invested early in digital technologies, gained during the shift to remote working but the laggards realised the need for investing in digital and awarded large deals to companies such as TCS, Infosys, HCL Technologies<\/a> and Wipro to help with the transition.
The top IT services companies such as TCS, Infosys, HCL Technologies and Wipro will witness the strongest fourth quarter in the past five years, predicts Mukul Garg, research analyst at brokerage firm Motilal Oswal.
“We expect Tier-I IT companies to report growth between 2.5% and 3.4% QoQ in constant currency terms (barring Tech Mahindra), their strongest 4QFY21 performance in the last five years. Tier II IT should deliver 3.3-5.2% QoQ CC growth (except Mphasis and Zensar),” Garg wrote in a preview report.
Strong deal bookings during the past four to five months are likely to lead to substantially higher growth in the fourth quarter as well as upcoming quarters.
“Early indicators like fresh high order bookings from industry peer Accenture<\/a> in its Feb’21 earnings also point to an unprecedented demand for tech services, which we expect to reflect in the deal momentum in Q4FY21,” Garg said.
Analysts, however, remain wary of the impact of wage hikes on margins of these companies as they struggle to retain talent amid competition from peers, global rivals and startups.
“Except for a few (TCS, HCL Tech), wage hikes will be the major margin headwind leading to EBIT margin contraction up to 220 basis points,” Sudheer Guntupalli of ICICI Securities said in a report. Guntupalli has also forecast a tactical currency-related effect due to the second wave of Covid-19 in the domestic market.
“The ongoing second wave of Covid-19 in India, relatively higher uncertainty in domestic sectors and expectations around a weaker INR (rupee) may translate into a tactical capital rotation into IT. TCS, HCL Tech, Mindtree, Cyient should be key beneficiaries of this trade, in our view,” he wrote.
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印度最好可能发布第四季度业绩在过去5年中,消耗一个问题
他们会,与此同时,也报告较高的人员流失率由于人才争夺战中,在同龄人中,全球企业和创业公司,分析师表示。
加速数字技术、改进需求大流行后,加速在之前的协议赢得和迁移到云推动IT服务公司的收入。因此,该行业可能会报告最好的第四季度连续性能近年来公司看到广泛的动力和货币的积极影响,分析人士写在预览报告。
塔塔咨询服务公司有限公司(TCS),中国最大的科技服务公司收入,将启动第四季度的结果4月12日。Infosys的4月14日和Wipro会跟4月15日。
印度IT公司,开始FY21不利的一面在Covid-19锁定在印度以及在欧洲和美国,恢复快的近4.5员工帮助客户管理他们的业务,远程工作。
跨国公司,在数字技术早期投资,转移到远程工作期间获得但落后的意识到需要投资于数字和授予大型交易等公司TCS,印孚瑟斯,HCL科技公司和Wipro帮助过渡。
TCS等IT服务公司,印孚瑟斯,HCL科技公司和Wipro将见证最强的第四季度在过去的五年里,预计成员Mukul Garg经纪公司的研究分析师Motilal Oswal。
“我们预计第一层公司报告的增长在2.5%到3.4%之间不可小觑以不变汇率计算(除非Tech Mahindra),他们的最强4 qfy21在过去5年的表现。第二层应该实现3.3 -5.2%不可小觑CC增长(全景和Zensar除外),”加戈在预览发布的一份报告中写道。
强大的交易订单过去四到五个月可能会导致更高的增长在第四季度以及即将到来的季度。
“早期指标,如新鲜的高阶预订从行业同行埃森哲咨询公司在2月的21日收入也指向一个前所未有的对科技服务的需求,我们期待反映在Q4FY21动量交易,”他说:。
然而,分析师仍对这些公司的工资上涨对利润的影响,因为他们难以留住人才面对同行的竞争,全球竞争对手和初创公司。
”除了少数(TCS, HCL科技),工资上涨将是主要的保证金逆风导致税前利润率收缩到220个基点,“Sudheer Guntupalli ICICI证券在一份报告中称。Guntupalli也预测战术汇率效应的第二波Covid-19在国内市场。
“正在进行的第二波Covid-19在印度,相对较高的不确定性,在国内行业和期望在一个较弱的INR(卢比)可能会演变成一场战术资本旋转。TCS, HCL科技、Mindtree Cyient应该是主要的受益者,在我们看来,”他写道。
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Bengaluru:<\/strong> Indian IT services firms are expected to report their best fourth-quarter results in five years, analysts said, as business from clients in the US and Europe grew at a fast clip.
They will, at the same time, also report higher attrition rates due to a battle for talent among peers, global corporations and startups, the analysts said.
Acceleration in digital technologies<\/a>, improved demand following the pandemic, ramp-up in previous deal wins and migration to the cloud are driving revenues of IT services companies. The sector is, therefore, likely to report best fourth-quarter sequential performance in recent years with companies seeing broad-based momentum and positive cross-currency impact, analysts have written in preview reports.
“Over the 5% QoQ posted in 3QFY21 and 6% in 2Q, we expect the sector to deliver 3.9% QoQ growth during the January-March quarter,” Apurva Prasad, IT analyst at HDFC Securities, said in a report. The “pandemic has evidently accelerated the digital transformation agenda and key lead indicators remain positive”.
Tata Consultancy Services<\/a> Ltd. (TCS), the country’s largest technology services firm by revenue, will kick off the Q4 results<\/a> season on April 12. Infosys’ on April 14 and Wipro will follow on April 15.
Indian IT firms, which began FY21 on a negative note amid the Covid-19 lockdown in India as well as in Europe and the United States, recovered quickly with its nearly 4.5-million strong workforce helping clients manage their businesses, working remotely.
Global corporations, which had invested early in digital technologies, gained during the shift to remote working but the laggards realised the need for investing in digital and awarded large deals to companies such as TCS, Infosys, HCL Technologies<\/a> and Wipro to help with the transition.
The top IT services companies such as TCS, Infosys, HCL Technologies and Wipro will witness the strongest fourth quarter in the past five years, predicts Mukul Garg, research analyst at brokerage firm Motilal Oswal.
“We expect Tier-I IT companies to report growth between 2.5% and 3.4% QoQ in constant currency terms (barring Tech Mahindra), their strongest 4QFY21 performance in the last five years. Tier II IT should deliver 3.3-5.2% QoQ CC growth (except Mphasis and Zensar),” Garg wrote in a preview report.
Strong deal bookings during the past four to five months are likely to lead to substantially higher growth in the fourth quarter as well as upcoming quarters.
“Early indicators like fresh high order bookings from industry peer Accenture<\/a> in its Feb’21 earnings also point to an unprecedented demand for tech services, which we expect to reflect in the deal momentum in Q4FY21,” Garg said.
Analysts, however, remain wary of the impact of wage hikes on margins of these companies as they struggle to retain talent amid competition from peers, global rivals and startups.
“Except for a few (TCS, HCL Tech), wage hikes will be the major margin headwind leading to EBIT margin contraction up to 220 basis points,” Sudheer Guntupalli of ICICI Securities said in a report. Guntupalli has also forecast a tactical currency-related effect due to the second wave of Covid-19 in the domestic market.
“The ongoing second wave of Covid-19 in India, relatively higher uncertainty in domestic sectors and expectations around a weaker INR (rupee) may translate into a tactical capital rotation into IT. TCS, HCL Tech, Mindtree, Cyient should be key beneficiaries of this trade, in our view,” he wrote.
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