Software & Services    
SECTOR | 10 Aug 2022
Valuation premiums may hold for mid-tier tech companies, but revenues need to grow
By Vivek Ananth

After posting stellar revenue growth numbers for many quarters, investors knew that the party wouldn’t last for all Indian IT services firms. We looked at India’s top four tech companies’ Q1FY23 performance here. The expectation of higher technology spends due to ‘multi-year technology upgrade cycles’ and ‘cloudification’, drove IT stocks higher over the past few years. But now some …

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ICICI Securities Limited released a Sector Update report for Software & Services on 06 Oct, 2022.
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