The screener, Growth Companies in Tech, filters for software firms fulfilling three criteria: both QoQ and YoY revenue growth >10%, and the ROCE > average ROCE over the last three years, so that these firms are seeing increasing returns on their capital expenditure. These firms are doing well even as the overall IT industry and the bigwigs have come under margin pressure, with large clients tightening their belts.
Tech firms that turned up in this screener - for investors to watch as the June quarter results roll in - include 8K Miles, Sonata Software, NIIT Limited as well as the dark horse Sankhya Infotech, which has seen its share price go up by triple digits over the last one year, but still has a P/E TTM of 11.3.