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Last Updated : Jan 16, 2018 01:54 PM IST | Source: Moneycontrol.com

Information Technology sector 3QFY18E preview - Seasonality headwind, yet mild acceleration: HDFC Securities

HDFC Securities has come out with its sector report on Information Technology dated January 10, 2018. IT sector (coverage universe) is expected to be impacted by 3Q seasonality and yet post mild revenue acceleration.

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ICICI Securities' sector report on Information Technology

 

IT sector (coverage universe) is expected to be impacted by 3Q seasonality and yet post mild revenue acceleration. Revenue growth is expected at 1.2% QoQ and 9.1% YoY. Tier-1 IT is expected to post revenue growth of 1.2% QoQ (as compared to 0.3% in 3QFY16-17 each). Tier-2 IT is expected to grow at 1.8% QoQ and 11.2% YoY for the quarter. Within midcaps, Persistent and Majesco are expected to post highest sequential revenue growth. Cross-currency impact will be negligible following prior two quarters of strong tailwind.


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First Published on Jan 10, 2018 01:45 pm
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