IT companies look set for strongest quarter in years, say analysts

India’s biggest software services players are expected to put up their strongest performance in the past few quarters, or even years, in the fourth quarter of FY21, say analysts.
 

Growth for the quarter will be driven by acceleration in digital technologies, improved demand in the aftermath of Covid, ramp-up in deal wins, and migration to Cloud.
 

With improvement in banking, financial services, and insurance or BFSI, as well as retail, manufacturing, and health care, analysts peg sequential revenue growth in Q4 at 2-5 per cent, with many upbeat that year-on-year (YoY) growth will be in double digits.
 

Cross-currency headwinds, which,