Rudra Investment Share Market Expert
Earnings Season has been better for IT Sector and it has got signs of recovery. In addition to the companies focusing on the domestic market, the number of luruscaps has also been better. The results of Infosys have come better. TCS has also given the results according to the expected results. The business of companies is growing. The demand for technical demand in the markets across the world is expected to be intensified. At the same time, new trends such as computing, digitization and automation open new opportunities for IT companies.
Open new opportunities for IT companies
Gaurang Shah, head investment strategist at Geojit Financial Services Ltd, says that the IT Sector's outlook is better for long periods. Digitalization has opened new opportunities for IT companies. IT companies have been doing this too. At the same time, it is clear from the results that the business of companies grew. In the last few quarters, the under-performers have started recovery now in the IT sector. In the past, there have been issues for trend business growth like Visa, Cloud computing, Digitization and Automation, which can also be reflected in the next quarter. But looking forward to good outlook in the sector. At the moment, valuations of IT stocks are better. Because of this, the good stock portfolio can strengthen.
Growth from new technology
According to NASSCOM, IT industry organization, there will be better growth in the IT sector in the next financial year. The new technology will be supported by the industry. In the next financial year, the domestic IT industry can see a 9 per cent growth. According to Nasscom, artificial intelligence and block chain technology are expected to have the largest number of businesses. The IT sector will be benefited.
Some uncertainty in business right now
Rudra Investment Research Expert, says that the conclusions are clear that pressure on the IT sector is decreasing. The markets of US and Europe have also been better than before. Currently there are some uncertainties in the software services business. For this reason, there may be pressure on earnings in the next quarter too. But there is a better growth in the sector ahead. In this case, investors are advised to be stock specific.
Outlook for domestic companies better
Experts say that companies working on trends such as cloud computing, digitization and automation are working. There is less hope of generating more revenues for the next few days. But further growth story will start again. Right now the outlook of mid-size size IT companies is looking better, whose exposure is not in the US.
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