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<\/span><\/figcaption><\/figure>India’s top IT service providers Tata Consultancy Services<\/a> (TCS<\/a>), Infosys<\/a>, HCLTech<\/a> and Wipro<\/a> will face margin pressure this year in the absence of significant pricing improvement, analysts said, despite lower attrition rates and employee costs going forward.

These software exporters have reported sequential margin growth in the third quarter, with upbeat commentary on near-term margin performance. There is headroom to improve utilisation and automation to increase the effective price of delivery or realisation, they have said.

But industry experts have cautioned that there is minimum room for margin growth.

Though intelligent automation and new-age deals will help earn better margins, Indian IT firms<\/a> have to bulk up much more to win those deals, said Hansa Iyengar, principal analyst at technology advisory firm Omdia<\/a>.

“Margins are higher in deals that are truly transformational and have a heavy consulting component – that being said, these are the deals that the likes of Accenture, EY and Capgemini chase after very aggressively. Indian heritage vendors need to bulk up their techno-business consulting capabilities and decouple them from the execution\/delivery organization to leverage these more effectively instead of bundling them together,” Iyengar said.

Though margins have shown a modest rebound, largely driven by increased pricing power, a recession will likely induce more pricing pressure and there may be little room in some key segments to utilise the traditional levers of increased offshoring, pyramid optimisation and automation, said Peter Bendor-Samuel, chief executive of IT research firm Everest Group<\/a>.

“It looks like there is not as much room as in the past to pull these levers. Hence, it is likely that the industry will see more downward pressure on margins as the year unfolds,” Bendor-Samuel said.

TCS’ operating margins expanded by 50 basis points (bps) sequentially to 24.5%, a tad above analyst estimates, led by higher efficiency and rupee depreciation during the third quarter. However, year on year, margins fell by 50 bps at a time when the overall employee utilisation levels had dropped due to prolonged furloughs in the quarter.

“The key benefit for us was the headwinds turning into tailwinds. If you look at it through this year there was high attrition leading to retention, subcontractor and hiring costs. Now this entire cycle is settling down, leading to better cost management,” TCS chief financial officer Samir Seksaria had said.

TCS estimates margins to range between 26% and 28% in the long term, he had said.

Bengaluru-based IT service provider Infosys reported a 200-bps drop in quarterly margins year on year, and flat sequentially at 21.5%, as the period had more holidays and higher wage costs. Margins, however, benefited by 40-bps from rupee depreciation and 70-bps from operational efficiencies. The company expects pricing and automation to aid margins in the near future.

“And it's important to talk about that as the higher costs are now feeding into our new deals, etc. I think that should hopefully have a benefit,” said Infosys CFO Nilanjan Roy.

Infosys retained its operating margin outlook at 21-22% for the fiscal year, but the company expects to close the year at the lower end of the band.

Similarly, in a seasonally weak quarter, HCLTech reported operating margins of 19.6%, up 160 bps sequentially and 60 bps on year, helped by currency tailwinds, and internal efficiencies.

Its, however, trimmed the operating margin outlook for the full year to 18-18.5% from 18-19% earlier.

While the company expects improved utilization to be the top margin lever, it is pencilling in higher realisation and automation benefits to flow in.

“...We continue to see improvement in our billing realizations as well…Those are continuing and as more and more deals of the last 12 months come, some more percentage of the total will keep on improving I believe,” said HCLTech CFO Prateek Aggarwal during an analyst call.

Wipro’s quarterly operating margins expanded 120 bps sequentially to 16.3%, helped by operating efficiencies, but fell 130 bps over the year due to wage costs.

“Automation and managing the employee pyramid (structure) are going to be components of that. So, we are looking at multiple parts of how to manage complex projects or to bring one way of delivering at Wipro… you will see a lot of investment around the delivery excellence dimension from us,” said Amit Choudhary, president and chief operating officer of Wipro.
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公司需要定价利润率的改善来缓解困境:专家

这些软件出口商已经连续第三季度的增长幅度,与乐观评论短期利润的性能。有空间来提高利用率和自动化增加交货或实现的有效的价格,他们说。

Romita Majumdar 赛Ishwarbharath
  • 更新2023年1月24日03:47点坚持
印度最大的IT服务提供商塔塔咨询服务公司(TCS),印孚瑟斯,HCLTech和Wipro今年将面临利润压力没有显著地提高定价的情况下,分析师表示,尽管降低人员流失率和员工成本。

这些软件出口商已经连续第三季度的增长幅度,与乐观评论短期利润的性能。有空间来提高利用率和自动化增加交货或实现的有效的价格,他们说。

但业内专家警告说,有最低的利润增长空间。

广告
虽然智能自动化和新时代的交易将有助于获得更好的利润,印度人IT公司要发展壮大更赢得这些交易,汉萨Iyengar说,首席分析师技术咨询公司吗Omdia。

“利润率更高的交易真正转型和有一个沉重的咨询组件——也就是说,这些交易埃森哲的喜欢,嗯,凯捷追逐非常积极。印度传统供应商需要批量techno-business咨询能力和分离他们从执行/交付组织更有效地利用这些捆绑在一起,”Iyengar说。

虽然利润率表明温和反弹,主要由定价能力增强,经济衰退可能会引起更大的价格压力,可能有小房间在一些关键领域,利用传统的杠杆增加外包,金字塔优化和自动化,它研究公司的首席执行官Peter Bendor-Samuel说埃佛勒斯峰集团。

“看上去没有尽可能多的空间,这些手段在过去拉。因此,该行业可能会看到更多的下行压力的利润在今年展开,”Bendor-Samuel说。

TCS的营运利润率增长了50个基点(bps)顺序为24.5%,略高于分析师估计,由更高的效率和第三季度卢比贬值。然而,利润同比下降了50个基点的时候整个员工利用率水平下降由于长时间休假。

广告
“关键好处对我们是不利因素变成顺风。如果你看看今年通过高流失率导致保留,分包商和招聘成本。现在整个周期是安定下来,导致更好的成本管理,”TCS首席财务官萨米尔Seksaria所说的。

TCS估计利润范围在26%和28%之间从长远来看,他说的话。

Bengaluru-based IT服务提供商印孚瑟斯公布的季度利润同比下降200个基点,和平坦的顺序为21.5%,期间有更多的假期和工资成本上升。利润,然而,得益于40-bps从操作效率卢比贬值和70个基点。公司预计定价和自动化援助利润率在不久的将来。

”和讨论是很重要的,随着更高的成本现在喂到我们的新交易,等等。我认为应该希望有好处,”印孚瑟斯首席财务官Nilanjan罗伊说。

印孚瑟斯保留其营业利润率预期在21 - 22%的财政年度,但该公司预计今年关闭的低端。

HCLTech报道,同样,在季节性疲软的季度营业利润率为19.6%,上升160个基点顺序和60个基点,得益于货币顺风,内部效率。

然而,其削减全年运营利润前景从18岁到18 - 18.5% - 19%。

而公司预计改进利用顶边杆,用笔写在更高的流动实现和自动化的好处。

“…我们继续改善我们的计费实现…这些都是持续的,随着越来越多的交易过去12个月来,更多的总额的比例将继续改善我相信,“HCLTech CFO Prateek Aggarwal的分析师电话会议中说。

Wipro的季度营业利润率扩大连续120个基点至16.3%,得益于操作效率,但今年由于工资成本下降了130个基点。

“自动化和管理员工金字塔(结构)将组件。因此,我们正在考虑如何管理复杂的项目或多个部分将提供的一种方式,Wipro…你会看到大量投资在交付卓越维度从我们,”阿米特。乔杜里说,Wipro的总裁兼首席运营官。
  • 发表在2023年1月24日,下午03:42坚持
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  • 公司需要定价利润率的改善来缓解困境:专家
\"\"
<\/span><\/figcaption><\/figure>India’s top IT service providers Tata Consultancy Services<\/a> (TCS<\/a>), Infosys<\/a>, HCLTech<\/a> and Wipro<\/a> will face margin pressure this year in the absence of significant pricing improvement, analysts said, despite lower attrition rates and employee costs going forward.

These software exporters have reported sequential margin growth in the third quarter, with upbeat commentary on near-term margin performance. There is headroom to improve utilisation and automation to increase the effective price of delivery or realisation, they have said.

But industry experts have cautioned that there is minimum room for margin growth.

Though intelligent automation and new-age deals will help earn better margins, Indian IT firms<\/a> have to bulk up much more to win those deals, said Hansa Iyengar, principal analyst at technology advisory firm Omdia<\/a>.

“Margins are higher in deals that are truly transformational and have a heavy consulting component – that being said, these are the deals that the likes of Accenture, EY and Capgemini chase after very aggressively. Indian heritage vendors need to bulk up their techno-business consulting capabilities and decouple them from the execution\/delivery organization to leverage these more effectively instead of bundling them together,” Iyengar said.

Though margins have shown a modest rebound, largely driven by increased pricing power, a recession will likely induce more pricing pressure and there may be little room in some key segments to utilise the traditional levers of increased offshoring, pyramid optimisation and automation, said Peter Bendor-Samuel, chief executive of IT research firm Everest Group<\/a>.

“It looks like there is not as much room as in the past to pull these levers. Hence, it is likely that the industry will see more downward pressure on margins as the year unfolds,” Bendor-Samuel said.

TCS’ operating margins expanded by 50 basis points (bps) sequentially to 24.5%, a tad above analyst estimates, led by higher efficiency and rupee depreciation during the third quarter. However, year on year, margins fell by 50 bps at a time when the overall employee utilisation levels had dropped due to prolonged furloughs in the quarter.

“The key benefit for us was the headwinds turning into tailwinds. If you look at it through this year there was high attrition leading to retention, subcontractor and hiring costs. Now this entire cycle is settling down, leading to better cost management,” TCS chief financial officer Samir Seksaria had said.

TCS estimates margins to range between 26% and 28% in the long term, he had said.

Bengaluru-based IT service provider Infosys reported a 200-bps drop in quarterly margins year on year, and flat sequentially at 21.5%, as the period had more holidays and higher wage costs. Margins, however, benefited by 40-bps from rupee depreciation and 70-bps from operational efficiencies. The company expects pricing and automation to aid margins in the near future.

“And it's important to talk about that as the higher costs are now feeding into our new deals, etc. I think that should hopefully have a benefit,” said Infosys CFO Nilanjan Roy.

Infosys retained its operating margin outlook at 21-22% for the fiscal year, but the company expects to close the year at the lower end of the band.

Similarly, in a seasonally weak quarter, HCLTech reported operating margins of 19.6%, up 160 bps sequentially and 60 bps on year, helped by currency tailwinds, and internal efficiencies.

Its, however, trimmed the operating margin outlook for the full year to 18-18.5% from 18-19% earlier.

While the company expects improved utilization to be the top margin lever, it is pencilling in higher realisation and automation benefits to flow in.

“...We continue to see improvement in our billing realizations as well…Those are continuing and as more and more deals of the last 12 months come, some more percentage of the total will keep on improving I believe,” said HCLTech CFO Prateek Aggarwal during an analyst call.

Wipro’s quarterly operating margins expanded 120 bps sequentially to 16.3%, helped by operating efficiencies, but fell 130 bps over the year due to wage costs.

“Automation and managing the employee pyramid (structure) are going to be components of that. So, we are looking at multiple parts of how to manage complex projects or to bring one way of delivering at Wipro… you will see a lot of investment around the delivery excellence dimension from us,” said Amit Choudhary, president and chief operating officer of Wipro.
<\/body>","next_sibling":[{"msid":97278099,"title":"Govt to hold separate consultation next month on PIB fact check: MoS IT","entity_type":"ARTICLE","link":"\/news\/govt-to-hold-separate-consultation-next-month-on-pib-fact-check-mos-it\/97278099","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"97233149","title":"IT services firms are gearing up for gig workers to become a mainstream phenomenon_THUMB IMAGE_ET TECH (1)","entity_type":"IMAGES","seopath":"tech\/information-tech\/it-firms-need-pricing-improvement-to-ease-margin-woes-experts\/it-services-firms-are-gearing-up-for-gig-workers-to-become-a-mainstream-phenomenon_thumb-image_et-tech-1","category_name":"IT firms need pricing improvement to ease margin woes: experts","synopsis":"Illustration by Rahul Awasthi","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-2155739\/97233149.cms?width=150&height=112","link":"\/image\/tech\/information-tech\/it-firms-need-pricing-improvement-to-ease-margin-woes-experts\/it-services-firms-are-gearing-up-for-gig-workers-to-become-a-mainstream-phenomenon_thumb-image_et-tech-1\/97233149"}],"msid":97278360,"entity_type":"ARTICLE","title":"IT firms need pricing improvement to ease margin woes: Experts","synopsis":"These software exporters have reported sequential margin growth in the third quarter, with upbeat commentary on near-term margin performance. There is headroom to improve utilisation and automation to increase the effective price of delivery or realisation, they have said.","titleseo":"telecomnews\/it-firms-need-pricing-improvement-to-ease-margin-woes-experts","status":"ACTIVE","authors":[{"author_name":"Romita Majumdar","author_link":"\/author\/479256520\/romita-majumdar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479256520.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479256520,"author_name":"Romita Majumdar","author_seo_name":"romita-majumdar","designation":"Staff Reporter","agency":false}},{"author_name":"Sai Ishwarbharath","author_link":"\/author\/479257338\/sai-ishwarbharath","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479257338.cms?width=100&height=100&hostid=268","author_additional":false}],"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2023-01-24 15:42:48","lastupd":"2023-01-24 15:47:24","breadcrumbTags":["IT firms","wipro","tcs","infosys","hcltech","omdia","tata consultancy services","infosys","wipro","tcs","internet","Everest Group"],"secinfo":{"seolocation":"telecomnews\/it-firms-need-pricing-improvement-to-ease-margin-woes-experts"}}" data-news_link="//www.iser-br.com/news/it-firms-need-pricing-improvement-to-ease-margin-woes-experts/97278360">