1QFY22 has been one of the best quarterly performances by Indian IT services companies, with sequential revenue growth of 4.5% in dollar terms. Mid-tier IT companies have reported the highest ever growth during the quarter. There were strong deal wins, with one of the highest ever pipelines while there has been an increase in guidance from some of the IT companies. However, increasing supply pressures remained elevated in the June quarter. So, how will it pan out for IT in the fiscal ahead? Will IT companies manage to see earnings momentum in the rest of FY22? To understand that Mint’s Nasrin Sultana is in conversation with Sanjeev Hota, Research head, Sharekhan by BNP Paribas.
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