April 21, 2021

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IT Sector Q4 Earnings Preview

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research Report

We expect IT stocks under our coverage to report a combined 4.1% QoQ U.S. dollar revenue growth on top of the decadal high Q3 growth witnessed, as the sector continues to enjoy a growth recovery, with new deal wins, ramp up of recent deals and digital transformation investments to drive revenue.

Cross-currency tailwinds are also expected to aid reported U.S. dollar revenue growth by 50-120 basis points, with Tata Consultancy Services Ltd. to see maximum impact (120 bps) owing to the highest proportion of revenue coming from these currencies.

Indian rupee appreciation will lead to Indian rupee growth coming in lower than U.S. dollar revenue growth.

Click on the attachment to read the full report:

KRChoksey IT Result Preview Q4FY21.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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Usha Kunji
2021-04-05 07:43:56

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