QUARTERLY INDUSTRY REVIEW-June 2022

Analysis of Indian Technology industry performance during the quarter ending March 2022. This analysis is based on the quarterly results declared by the top listed India-centric Technology companies which comprise over 46% of the industry.

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Key Findings

Rising fears of global slowdown amidst the Ukraine war is being seen in relatively muted growth expectations of Global GDP and technology spending for 2022 compared to last quarter.
Technology spending is expected to maintain its growth trend (though relatively muted compared to last year), driven by analytics, cloud computing, seamless customer experiences and security.

Revenue growth remained positive, increasing 2.2% Q-o-Q, as demand continued to accelerate.
Digital revenues maintained an uptrend increasing at 1.9% sequentially.

All regions registered growth in revenues, both sequentially and annually.
Similar trend was seen across verticals which registered growth both sequentially as well as annually.

Fixed price revenue share declined to 54.3%.
Client metrics continued to improve as the demand continued the growth trend

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