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Quarterly Industry Review-December 2019

Analysis of Indian IT-BPM industry performance during the quarter ending September 2019. This analysis is based on the quarterly results declared by the top listed India-centric IT-BPM companies which comprise over 46% of the industry.

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Key Findings

  • Global economic growth expectations remain subdued amidst deterioration in manufacturing activity and prevailing trade tensions which remain unresolved
  • Revenue grew by 2.2 per cent Q-o-Q, owing to strong order books and sustained client wins
  • India registered the strongest growth on an annual basis while EMEA grew most sequentially, amongst all regions; Manufacturing and Healthcare registered strong growth over last year, while BFSI and Healthcare grew most sequentially
  • Fixed price revenue continues to increase with the largest share at over 55 per cent; Net client addition remained positive during the quarter with the active client base growing for majority of the firms

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