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Focus on profitability as IT firms set to clock best growth after COVID-19

Ramp-up of deals won in earlier quarters and increased spending intensity on new technologies are set to accelerate revenue growth rates

July 01, 2021 / 11:01 AM IST
Focus on profitability as IT firms set to clock best growth after COVID-19

A combination of a low base and a sharp recovery in the business is set to accelerate revenue growth rates at IT companies in the June quarter (Q1 FY22). Kotak Institutional Equities forecasts Tata Consultancy Services (TCS) and Infosys to clock a 17-19 percent year-on-year growth in organic constant currency revenue. Growth is set to accelerate at Wipro as well, thanks to ramp-up of large deals and acquisitions. Accenture’s latest quarterly results back the analyst expectations. Revenues grew 16 percent....

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