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Normally, this quarter is seasonally weak due to furloughs. However, this year we believe there will be an aberration to this trend.

We expect companies to report healthy revenue growth in this quarter led by lower furloughs, improvement in demand post Covid-19 and ramp up of deals won in the previous quarters.

This, coupled with cross currency tailwind, will further boost revenue growth in the quarter.

The companies are also seeing a demand tailwind in terms of cost takeout by clients (led by higher offshoring and automation), vendor consolidation opportunities, captive carve outs and traction in cloud and customer experience that could further propel demand in coming quarters.

Click on the attachment to read the full report:

ICICI Direct IT Q3FY21 Result Preview.pdf


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