On both occasions, quarterly revenues dipped 6-7% immediately after the disruption and then rose 15-16% from the lows within a year of impact. In the following two years, quarterly revenues of Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd had grown another 45%. A moot question is whether such high growth rates can be expected this time around as well. For the same percentage growth, these firms will need to add $5.2 billion in quarterly revenues in the next two years. Post-pandemic gains in stocks of IT services firms listed overseas, such as Accenture Plc and Capgemini SA, have been relatively more modest.

Source: Mint May 09, 2021 18:56 UTC