Revenue Forecasts Of IT Firms Signal High Demand For Cloud

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Major Indian IT firms upped their revenue growth guidance during the October-December quarter earnings season, indicating a strong demand from cloud and digital-led services as clients invest in different stages of their digitization journey. Infosys raised its FY22 revenue growth guidance to 19.5–20% in constant currency from 16.5–17.5% guided earlier, based on strong demand and execution.

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“They (IT Services firms) help by providing a one-stop-shop to expedite customers’ cloud journey, integrate multiple clouds, and scale up. Most IT services companies are partnering with these hyperscalers to provide tailored solutions to meet specific client requirements,” said Sanchit Vir Gogia, founder and chief analyst, Greyhound Research.

HT Mint

<strong>Analyst: Sanchit Vir Gogia</strong>
Analyst: Sanchit Vir Gogia

Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Digital & Technology Research & Advisory firm.

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