IT Sector Update - Strong  Macro Trends Across: Prabhudas Lilladher 

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Prabhudas Lilladher Report

The current macro trends -

1. sustained strong growth in technology spends by banking financial services and insurance sector,
2. accelerated growth in digital sales in retail sector,
3. sustained healthy growth in deal wins every quarter and
4. aggressive hiring by IT companies look promising for IT services sector.

Gartner revised its estimates upwards for global IT services growth (up 9% / 7.3% YoY in FY22/FY23) for the third time in last three quarters.

Moreover, Indian IT services companies have always grown by 4-5% points higher than global IT industry.

Information Services Group anticipates high sustained level of deal wins and accelerated decision making across verticals.

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