Infosys and Wipro: Robust growth expected despite adverse seasonality says Motilal Oswal
Motilal Oswal expects CY21 demand commentary to remain strong. Recent commentary from both large- and mid-cap IT Services companies during their annual investor meets (Infosys, Wipro, LTI, etc.) point to continued optimism on their CY21 growth outlook, even after adjusting for a low base YoY. Motilal Oswal expects this optimism to be echoed by other management during the Q3 FY21 earnings season.
Multiple mega deal wins in Cloud and Captive (TCS – Postbank and Pramerica, Infosys – Rolls Royce and Daimler, and Wipro – METRO AG) should add incremental growth to an already buoyant organic growth momentum: Reuters