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it companies: IT biz expected to make strong recovery in Q3


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Bengaluru: The improvement that IT companies have been seeing after the slump in the June quarter is expected to continue in the December quarter and after. Accenture, which follows a September-August financial year, recently announced the first quarter results for fiscal year 2021 that lifted its share price by 7%. The company also revised its revenue guidance for the fiscal to 4-6%, from its previously stated 2-5%, reflecting accelerated spends in digital, cloud and security.
For Indian IT, which will announce numbers in January, it is expected to be similar.
ICICI Securities analysts Sudheer Guntupalli and Hardik Sangani noted that barring a few cases, they expect furloughs to be less pronounced compared to a typical December quarter as enterprises come out of lockdowns. ....

Hardik Sangani , Sudheer Guntupalli , ஹார்டிக் சங்கனி , சுடீர் குண்டுப்பள்ளி ,