Software & Services
Software & Services
SECTOR | 01 Oct 2019
Prabhudas Lilladhar
growth in Infosys will be aided by ramp up of deals & broad based growth. Hexaware, NIIT Tech, Persistent to post steady revenue growth in tier-2 IT services under our coverage universe. We expect revenue growth in CC between 1.3-6.5% QoQ for Tier-1 IT companies. Q2 is a seasonally strong quarter but YoY revenue momentum will be muted for most of the IT companies & deal closure will be muted due to uncertain global environment. We expect cautious outlook on financial services to continue will imply cross currency headwinds of 30-70bps under our coverage....
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