Buy Infosys, Wipro, Tech Mahindra, MindTree: P Lilladher

Prabhudas Lilladher has come out with its report on Information Technology (IT) sector. The research firm has retained its preference for Wipro Infosys and Tech Mahindra among Tier‐1 and MindTree, NIIT Technologies, and Persistent Systems in Tier‐2, in its research report dated January 02, 2014.
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Jan 03, 2014, 04.06 PM | Source: Moneycontrol.com

Buy Infosys, Wipro, Tech Mahindra, MindTree: P Lilladher

Prabhudas Lilladher has come out with its report on Information Technology (IT) sector. The research firm has retained its preference for Wipro Infosys and Tech Mahindra among Tier‐1 and MindTree, NIIT Technologies, and Persistent Systems in Tier‐2, in its research report dated January 02, 2014.

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Buy Infosys, Wipro, Tech Mahindra, MindTree: P Lilladher

Prabhudas Lilladher has come out with its report on Information Technology (IT) sector. The research firm has retained its preference for Wipro Infosys and Tech Mahindra among Tier‐1 and MindTree, NIIT Technologies, and Persistent Systems in Tier‐2, in its research report dated January 02, 2014.

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, Prabhudas Lilladher |

Prabhudas Lilladher's report on Information Technology (IT) sector

"We are rolling our model forward to FY16. As we foray into CY14, the commentaries from the managements seem to be more assertive and confident on the demand environment. We see some early signs of pick-up in discretionary spends corroborated by management’s commentary. We believe the strategic initiatives by the companies would help them improve momentum to 15 percent+ YoY growth in FY15. The strength of demand will be unfolded over the course of the year."

"We looked at the current technology trends that would determine growth opportunities for Indian IT: 1) Remote Infrastructure Management/Managed Services 2) Hybrid Cloud and IT as a Service Broker 3) Total IT Outsourcing (Integrated deals) 4) Mobile Platforms and Applications 5) Big Data Platforms and Business Intelligence/Analytics Platforms 6) The Internet of things 7) Platform BPO/Application Platform 8) Increased focus on Security 9) Collaboration and Social 10) Traditional and maturing models."

"Indian IT vendors continue to invent and reinvent themselves to identify the next growth drivers. We expect an agile strategic approach and adoption of new technological trend to drive mid-to-high-teen growth in FY15-16. We retain our preference for WiproInfosys and  Tech Mahindra among Tier‐1 and MindTree , NIIT Tech , and  Persistent Systems in Tier‐2," says Prabhudas Lilladher research report.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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